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Understanding the concept of Metaverse
The Metaverse is the successor to the internet, and all the worlds in the Metaverse are equivalent to the internet's websites. We can now visualise and experience what the worldwide web can offer in a 3D user interface.
This new interface will reveal new opportunities for existing websites to reinvent their user experience. For example, instead of looking at some photos and reviews on a webpage, you would be able to touch and test out the digital version of an object.
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The Metaverse will be a network of worlds with different things to offer and different levels of popularity.
The way to monetise traffic in the Metaverse is similar to the ways governments and shopping malls generate revenue. Developers of top locations in the Metaverse will be compensated...
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622 reads
High Fidelity is an existing social virtual reality company and is a good example of how the building blocks of the Metaverse and its economy are put in place.
High Fidelity Metaverse gives open source tools to build anything you can dream of, like avatar clothing, items, and buildings. Cre...
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509 reads
With an economic system in place, the Metaverse could drive significant growth in every industry. Wall Street analysts will be asking the CEO of major organisations what their Metaverse strategy is on earnings calls. Companies will have teams to advertise, sell, or build products in the Metaverse...
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The Metaverse is a virtual universe where you can do anything, be anyone, or go anywhere. You can inhabit new "earths" that are not bound by physics laws.
The Metaverse initiates two major disruptions in:
The economic impl...
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680 reads
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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 in...
One of the applications of IoT on the Metaverse is to collect and provide data from the physical world. If we can add metaverses to the present Internet of things (IoT), our economy’s acceleration will be on a whole new level. IoT may connect the 3D environment to a vast number of real-w...
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