What is Metaverse

in #leofinance3 years ago

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Recently people have been talking alot about metaverse ,how metaverse will benefit people in the future if you don't know what metaverse is all about ,I come across a post that will benefit the community that is why I said I should share it

What is Metaverse?

Metaverse is the combination of gaming, social media, AR, VR, and crypto currencies to interact virtually
Like Virtual universe to house nfts.

So some crypto currencies are created in form of virtual reality, virtual real estate, virtual social media, virtual gaming.

As the metaverse grows, it will create online spaces where user interactions are more multidimensional than current technology supports. Instead of just viewing digital content, users in the metaverse will be able to immerse themselves in a space where the digital and physical worlds converge.
Like an introduction to the Web 3.0 technology

There's been this hype about the METAVERSE, but most people are yet to understand it.

I'll be explaining it in details.

The word METAVERSE is made up of the prefix; "META" which means "beyond".✍️

And "VERSE" which is derived from the word "universe".✍️

Thus
🔸METAVERSE is a combination of physical, virtual and augmented reality, in a shared online environment.

Just like in the normal internet, you get to login and connect to the virtual world with the help of a head mounted display of a virtual reality headset. ✍️

Humans get to experience life or exist in a virtual world in form of avatars and also get to see buildings, people and vehicles just like in the real world.✍️

With the metaverse, you get to exist in a virtual world where you're previleged to experience similar real life scenarios but in a virtual form with limitless abilities.😉

It is more like being present in the internet rather than staring at it on a screen

🔸In a layman's understanding:

Instead of video chatting your friends on a screen, the metaverse puts you in a virtual 3D environment (of your choice) similar to the real world where you get to interact, play games, discuss etc with your friends who are represented by their avatars, all with the help of a specially designed virtual reality headset.✍️

It is still quite unclear what the metaverse will look like and how it'll work.

🔸But, it will not be attaining it's climax stages anytime soon due to its complexity and the whole new bliss it offers.

• The #metaverse is transforming the entertainment industry really fast.

🔸It is believed yet the market opportunity for the metaverse will hit about $800,000,000,000. (80 billion dollars) by 2024.

HOW DOES METAVERSE APPLY TO REAL LIFE?

🔸Metaverse technology has experienced massive adoption recently from tech companies like Facebook Microsoft, Epic games etc.

They can't risk getting left behind.

🔸Facebook is transitioning from just a social media app to a metaverse company.

🔸The gaming industry remains one of the top industries that'll benefit from this technology.

It'll give users a better gaming experience compared to the the# normal gaming system.

Instead of playing games on the screen, the metaverse gives you the feeling of being present in the game.

🔸In the words of Mark Zuckerberg: "it is a Virtual environment where you can be present with people in digital spaces.

You can think of this more like an embodied internet that you're inside of rather than just looking at.

We believe that's it's gonna be the successor to the mobile internet".

Meetings,seminars, hangouts, parties, Music festivals and other occasions can be hosted inside the metaverse digital

This is just little explanation what metaverse is all about ,let hope for the best in the future,I hope this post is really helpful

Thanks for reading

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