Metaverse 101: A simplified way to understand the future of the internet.
Metaverse has been a hot topic since Facebook announced its official rebrand to Meta. As inventive as it may have sounded to the majority of the world, the concept of the metaverse isn’t entirely new.
But wait a minute, let’s digress a little…
Have you watched the movie “Ready Player One”?
If you haven’t, it will be our first recommendation after reading this article.
Ready Player One was first a book written by Ernest Cline and published by Random House in 2011. Its director is Steven Spielberg. Watch it and the concept of the metaverse might make a lot more sense.
Disclaimer: This is not a paid ad, we just love movies that predict the future.
Now, where were we?
Yes! Is the metaverse a new thing?
The term ‘Metaverse’ was coined by Neal Stephenson in his 1992 novel Snow Crash to describe a virtual world in wide use in his imagined future, a 21st-century dystopia.
In Snow Crash, the metaverse is a virtual-reality world depicted as a planet-encircling market where virtual real estate can be bought and sold, and where VR goggle-wearing users inhabit 3D avatars whose form they have the freedom to choose (again, sounds like ready player one hits the mark here).
To simplify things: A metaverse is a network of 3D virtual worlds focused on social connection. In futurism and science fiction, it is often described as a hypothetical iteration of the Internet as a single, universal virtual world that is facilitated by the use of virtual and augmented reality headsets.
To expound the term further, the metaverse is understood as a graphically rich virtual space, with some degree of verisimilitude, where people can work, play, shop, socialize — in short, do the things humans like to do together in real life (or, perhaps more to the point, on the internet).
Metaverse proponents often focus on the concept of “presence” as a defining factor: feeling like you’re really there, and feeling like other people are really there with you, too.
Remember when the introduction of the internet and smartphones revolutionized tech, the economy, and society itself? You can think of the metaverse as a future iteration of the internet.
It is a concept of a persistent, online, 3D universe that combines multiple different virtual spaces. The metaverse will allow users to work, meet, game, and socialize together in these 3D spaces.
Okay now, we’ve defined what it is in several different ways, but…
Where is the Metaverse?
As of the time of publishing this post, the metaverse isn’t fully in existence, but some platforms contain metaverse-like elements.
Video games currently provide the closest metaverse experience on offer. Developers have pushed the boundaries of what a game is through hosting in-game events and creating virtual economies.
Metaverse and Cryptocurrency
Cryptocurrencies have also been adapted into the metaverse. They allow for creating a digital economy with different types of utility tokens and virtual collectibles (NFTs).
The metaverse also benefits from the use of crypto wallets, such as Trust Wallet and MetaMask. Also, blockchain technology can provide transparent and reliable governance systems within the metaverse.
Metaverse and Blockchain
Blockchain, metaverse-like applications already exist and are currently providing people with liveable incomes.
Gamerevv is a play-to-earn platform built on the blockchain that allows many users to play and support their income.
SecondLive and Decentraland are other examples of successfully mixing the blockchain world and virtual reality apps.
When we look to the future, it would seem only tech-savvy people and big tech giants are able to get in on this technology. However, the decentralized aspects of the blockchain industry are letting us at Gamerevv make it open for everyone to participate in the metaverse’s development as well.
To become a part of this revolution, join our Telegram community at Gamerevv today.
What is Gamerevv?
Gamerevv is a website and platform backed by the economics of GAV utility tokens known and responsible for building game applications to enable you to earn in cryptocurrencies as you play or participate in any of its games. Gamerevv is a trusted gaming platform where gamers and game publishers connect worldwide to play and trade. Learn more about us here.