Today I would like to talk to you about metaverse technology and what kind of consequences this technology can have when used with cryptocurrencies. I'm sure you've heard some things about metaverse tokens lately because they're trending these days.
Even if you haven't heard anything about it, you may have at least heard that Facebook has earmarked $50 million in funding to develop this technology. This is the start-up fund to develop the Metaverse technology. This way you can understand how important it is.
The concepts of metaverse and crypto money are essentially complementary concepts. When these two technologies are used together, it gains more meaning. Especially NFTs are very relevant to this issue because NFTs will reach their true value with the metaverse. Cheap images like Cryptopunk, which is fashionable today, will have no artistic or material value in the future.
Before I talk about the relationship between these two technologies, I would like to talk a little bit about what the metaverse is.
If I'm not mistaken, the word means the other universe. More precisely, it means something like the next universe. In short, the metaverse is a technology developed to connect the real world and the digital world. Digital world, metaverse, NFTs, cryptocurrencies, VR and AR technologies. All these are related to each other for the future.
Metaverse allows users to have a realistic experience in a three-dimensional digital world thanks to an avatar. This is actually an alternate universe. In this universe, people can go to work and school, play games, meet other people. Metaverse leverages VR (virtual reality) and AR (augmented reality) products to give people such an experience. Through these products, people in the metaverse universe can communicate with other people both verbally and behaviorally.
The concept of "Metaverse" was first used by Neal Stephenson in his novel titled "The Virtual Samurai". He wrote this novel in 1992. Actually, the concept is not a new concept. The world that the author constructs in the novel is very similar to the digital world that is being created with these new technologies.
I would like to give an example of a movie on this subject. I know, the first thing that came to your mind was the movie Matrix. But no, I'm going to use another movie as an example, because this movie may serve as a better example of what may exist in the near future.
This is a Hollywood made movie called “The Surrogates” starring Bruce Willis. It was adapted from a book of the same name. In this sci-fi movie directed by Jonathan Mostow, people don't go out much. They always live at home. They use the robots they enter with VR glasses on their way to work or school. These avatar robots replace humans in the real world. People live in a digital reflection of the real world with VR glasses. Thus, they are protected from the dangers of the world and can choose avatars with the physical features they want.
In fact, the latest and best example of the metaverse is the movie "Ready Player One". I'm sure many of you have seen this movie. This is the movie that best describes the metaverse. You have to watch.
Metaverse technology is now being used by computer game companies. However, it does not provide a full experience. Facebook CEO Zuckenberg said that they need at least 10 years of development to take full advantage of the services of this technology.
Again, we can say that the first examples are offered especially by game companies. It has been determined that the interest in this type of computer games has increased considerably, together with the restrictions in the pandemi period. In particular, the number of users of games such as Fortnite and Robox has increased by millions.
Thanks to Metaverse, many virtual events can be organized. For example, virtual shopping or a virtual concert.
Travis Scott gave a live concert in the game Fortnite. Actors participated in this concert event held on April 23, 2020 with their avatars. The number of players attending the concert reached an astonishing 12 million.
Gucci, a luxury fashion design brand, also held a virtual shopping event in partnership with Robox. At this event, a virtual version of a physical bag was sold for $4115. The physical version of this bag sold for $3500 in the real world. Imagine that the virtual version of the bag was sold more expensive. Isn't it like a joke?
In addition to all this, metaverse games have become popular in the crypto money market. Recently, a lot of metaverse-oriented blockchain games have appeared on the market. This technology, especially used with NFTs, will be at the center of computer games in the crypto money market.
Frankly, I think these new metaverse crypto games will get a lot of attention. I made small investments in some of these projects. For example, Star Atlas (ATLAS) a space game. WilderWorld (WILD) a virtual store where you can buy clothes for your avatar. Kalao (KLO) a virtual painting exhibition where you can both display and auction your NFTs. and finally, virtual real estate can be traded, skyscraper game BlokTopia (BLOK).
I am very curious about how metaverse projects will follow, especially in the crypto money market, and I will follow it closely.
It is not investment advice.
Thanks for your valuable post about crypto. I believe that these new metaverse crypto games will garner considerable attention. I invested a small amount of money in several of these projects. For instance, Star Atlas (ATLAS) is a space simulation game. WILD is a virtual clothing store where you can purchase clothing for your avatar. you can see this one here how is change my exam grand in school. it helps to get better marks in academics. they are certified translation providers in this domain.