Metaverse

A metaverse is a new technology that enables users to live in a digital universe. Oftentimes, metaverses are a combination of different techs, such as virtual reality and augmented reality. The virtual world gives the users a sense of reality to meet other real users through the platform. 

Presently, there has been a lot of buzz on metaverses. Firms like Facebook want to revolutionize technology. So, unlike our actual reality, which is the real world, you can only access the metaverse through technology. Both worlds exist side by side and will continue existing even when you are not active. 

Facebook is embracing the Metaverse by rebranding itself into Meta. The social media giant announced the rebrand on Oct 28 and introduced the concept in which CEO Mark Zuckerberg narrated a video, explaining the company’s transition to a more virtual / augmented reality based concept. This came at the helm of Novi Wallet launch using the stablecoin USDP, showing increased focus towards blockchain tech.

The metaverse phenomenom is closer to us than we really expect as it is basically a world where your digital persona can live and interact in. That digital persona or avatar is then able to live and interact with other people’s avatars in the virtual world. To a certain degree, younger generations have been doing this already with video games such as Roblox and Fortnite, but Virtual and Augmented reality provide a more engaging opportunity and world where the experience is enhanced.

VR and AR are important technologies to support the development of the metaverse and it will expand to many uses such as remote jobs, sport events viewing and music concerts. We get closer to a virtual reality.