Inhaltsverzeichnis

In a digital world, how we view, use, and define money will go beyond its current limitations. NFTs are essentially virtual tokens that are minted on the blockchain. This makes them unique, indivisible, and non-interchangeable, allowing you to have true digital ownership of your in-game assets. Soundwave Series, which features music from artists around the world. The concept of the metaverse and the possibilities that it can bring are simply mind-blowing. To better illustrate this alternate reality, here are some real-world examples that give us a glimpse of the metaverse and where it’s headed.

Further, because of the economic elements outlined earlier — property rights, self-sovereignty, community ownership — metaverses can enable people to make a living, engage in business, and attain status. In a typical knowledge worker’s workplace, people collaborate using tools like Slack, while outside the traditional corporate world in the bottom-up organizational movement of DAOs, Discord nfts and Telegram prevail. Strongest form, composability and interoperability are possible permissionessly across wide ranges of the software stack. Not only that, developers can build on live programs — such as Compound’s lending protocols or Uniswap’s automated market-making exchanges — at their leisure, side-by-side in the memory of a shared virtual computer . By composing together powerful new ingredients like property rights, identity, and ownership, builders can create completely new experiences. The term can refer to digital spaces which are made more lifelike by the use of virtual reality or augmented reality .

But creators Epic Games quickly came to understand that once they had brought millions of switched-on, tech-savvy gamers together on their platform, it potentially became something more game-changing. Two main strands that are being followed in order to turn the world of Fortnite into a proper metaverse are live music concerts from global superstars such as Travis Scott, Ariana Grande, and Billie Eilish. Brands including Telco 02, broadcaster ITV and supermarket Carrefour have all used the creative mode to take their first steps into the metaverse. Not all of the projects highlighted here involve virtual reality, or decentralization, or cryptocurrency. Although those are all technologies that are likely to have a place in the metaverse, it isn’t strictly essential that they are part of every metaverse.

To add another example, a similar move was made by Google when they decided to change their parent company name to Alphabet, to better represent all the companies under their portfolio such as YouTube, Waze, Fitbit, Next, Looker, etc. As mentioned earlier, the term "metaverse" claims to have been coined by Stephenson 30 years ago in his book. So while the "metaverse" is not a new term, it has gained new light.

This kind of wishful-thinking-as-tech-demo leaves us in a place where it's hard to pinpoint which aspects of the various visions of the metaverse will actually be real one day. If VR and AR headsets become comfortable and cheap enough for people to wear on a daily basis—a substantial "if"—then perhaps a virtual poker game with your friends as robots and holograms and floating in space could be somewhat close to reality. If not, well you could always play Tabletop Simulator on a Discord video call. Tech giants like Microsoft and Meta are working on building tech related to interacting with virtual worlds, but they're not the only ones.

Recent interest in metaverse development is influenced by Web3, a concept for a decentralized iteration of the internet. Web3 and The Metaverse have been used as buzzwords to exaggerate development progress of various related technologies and projects for public relations purposes. Information privacy, user addiction, and user safety are concerns within the metaverse, stemming from challenges facing the social media and video game industries as a whole. The metaverse is the popular term used to describe what many expect to be the next significant paradigm for how we use digital technologies and networks to interact and collaborate with others and have virtual experiences of all kinds. It’s not a single technology or device, and it’s not a service of any one company. It’s the convergence of several separate technologies, all of which are quickly maturing for mainstream use.

This has spurred a great deal of speculation about what the maturing of XR and the metaverse will look like and what that means for society. Many companies that have hopped on board the metaverse bandwagon also envision some sort of new digital economy, where users can create, buy, and sell goods. In the more idealistic visions of the metaverse, it's interoperable, allowing you to take virtual items like clothes or cars from one platform to another, though this is harder than it sounds. While some advocates claim new technologies like NFTs can enable portable digital assets, this simply isn't true, and bringing items from one video game or virtual world to another is an enormously complex task that no one company can solve. Roblox is a gaming platform used daily by more than 50 million users.