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An inside look at why the Metaverse matters, it's economics, challenges and the future
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Understanding the concept of Metaverse
3 Top Key Ideas (76 total)
The Metaverse is a virtual universe where the limits of reality are your own imagination. In the Metaverse, you are one of the people on the street. You look down and see your hands and feet; you look up and see the skyline. The experience doesn't feel like a video game - it feels real.
Virtual reality is a tool that permits infinite simulation. Therefore, the Metaverse has the potential to be one of the most impactful technological developments of the future.
In the Metaverse, you can customise your character's appearance and abilities. A significant amount of Coin is spent on it every day.
You can shop for real-world items in the virtual store, from furniture or new haptic gear to a pizza. Companies will have virtual stores in the Metaverse and compete for prime retail space in the premier worlds. The incentives to earn and spend in the Metaverse will be just as important in the real world. Advanced neurohaptic VR will create a virtual experience almost identical to a real one.
In the 1992 sci-fi classic, Snow Crash, author Neil Stephenson describes a virtual-reality-based successor to the internet. The 2011 novel Ready Player One popularised the concept where you can do anything, be anyone, and go anywhere regardless of real-life circumstances.
Computers, the internet, and smartphones give us that life on a two-dimensional screen. But in a three-dimensional Metaverse, we can experience all the world wide web has to offer in a natural user interface.
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