Metaverse

With the recent popularity of GameFi, such as AXS, the concept of Metaverse has become popular again, including big tech company Facebook also claimed that it will become a Metaverse company within five years, let's talk about Metaverse today.

What is meta universe

Metaverse is a combination of Meta (incomparability) + universe (cosmic). Metaverse is a virtual digital world, and it relies on some high-tech equipment to allow you to experience it more deeply, usually such equipment is VR.

The economic model of the meta universe

The biggest feature of the virtual world is that it can be constructed and expanded at low cost. For example, in the game, you can easily plant many trees. In reality, these all require a lot of labor costs. In the meta universe, the cost constraints of building and expanding capacity come from the code, which determines the order of the world.

How to make people willing to break away from the real world and go to Metaverse, I think the biggest motivation is "profitability." A good economic model is an important factor for the longevity of Metaverse to attract users, just like the recent hot P2E model, the biggest reason for attracting users is that they can earn money in the virtual world, and the money can be converted to the real world for use. Even with the current epidemic situation, the benefits of the virtual world have exceeded the real world. Therefore, it is indispensable that the benefits of the meta universe and real world money can be exchanged.

Comparing AXS with "My World", "My World" is actually prototype of a meta world, where everyone is free to make various innovations, but this kind of innovation does not have a good channel to go to the real world, in other words, there is no direct monetization method, so it is difficult to have a lasting number of users. All I can think of is to up record the video and increase fans, or write some strategies, which is not a direct creative conversion, but we all know in this situation AXS can trade directly.

Virtual and Reality

The meta universe is actually a virtual society, where your personal identity id is obscured, and a virtual id is used to replace your real id. This actually forms a globalized society without the concept of internationality. Of course, the meta-universe still focuses on immersive virtual social interactions, all of which are built on the spiritual level, but we might as well imagine that if people’s material needs begin to decline and spiritual needs begin to rise, in the real world, as long as they keep food and clothing, all their energy is spent in the meta universe, So is this kind of person a person who completely lives in the virtual society? For them, virtual and reality are blurred.

The material basis of the meta universe

To achieve such a grand goal as the meta-universe, breakthroughs in material technology are indispensable. The two most important points are "feeling" and "connection." How to make the metaverse more realistic and how to let everyone willing to participate in it. At present, with the help of VR technology we can provide this facility to user, of course, before the arrival of a fully immersive experience. , People are also willing to try traditional gameplay, such as joining the meta universe via PC or mobile phone.

Connecting is networking, which means to load you into this metaverse steadily without any restriction. If you want to build a virtual world for all mankind, then a global decentralized network is very important.

Is the meta universe the future?

Many investors are very optimistic about the meta universe, saying that Bitcoin is the currency in the meta universe, and NFT is the digital identity in the meta universe, etc. In my opinion, the current achievable direction of the meta-universe is still "gaming" and "social interaction", but these two are not enough to support the entire meta-universe. For example, your creative design in "Minecraft" can form an NFT and then circulate. This is a better creative work, which will promote more creative generation. In fact, Metaverse will be an open global community model, or the ultimate "DAO" in the future. Of course, this is still very far away, but we can still imagine it.