- 17 Feb, 23
The Ultimate Metaverse Guide: Discover the Virtual World
Imagine a virtual world where billions of people live, work, shop, learn, and interact with each other from the comfort of their physical world seats. In this virtual ecosystem, you have a digital copy known as your “avatar,” and you can freely move from one experience to another, taking your identity and money with you. This is what metaverse is. Although it is an ancient concept, it gained popularity in 2021 when Facebook rebranded itself as “Meta” and created a stir.
Today, metaverse is not yet a reality, but there is a pool of metaverse consisting of many virtual worlds that attract users. Many companies, such as The Sandbox, Decentraland, and Meta, have launched or are preparing to launch their virtual worlds. However, large firms such as Gucci and Disney are already investing in existing virtual worlds. In this article, you can find everything you need to know about the metaverse.
Table of Contents
What is the Metaverse?
Science fiction writer Neal Stephenson introduced this concept in his 1992 novel Snow Crash. In the book, human avatars and software agents interact in a three-dimensional virtual world. However, the concept did not gain popularity until 2021 after the book’s publication. In July 2021, Mark Zuckerberg spoke with journalist Casey Newton about metaverse and the changes he envisions for Facebook. By the end of 2021, Facebook, led by Zuckerberg, rebranded itself as “Meta.”
Metaverse refers to a digital reality that allows users to interact virtually. This technology aims to combine the features of social media, online games, augmented reality (AR), virtual reality (VR), and cryptocurrencies on a single platform. Although a virtual world reflects a digital reality, it is not independent of the real world. Additionally, a single person or company does not manage it. However, cryptocurrencies and NFTs constitute the foundation of the economy in these virtual worlds.
To enter metaverse, you must first determine which virtual world you want to visit. Currently, there is no single way to enter any virtual world. The concept of virtual worlds is still in its early stages of development, and new portals and gateways are constantly emerging. In Web3, there are several popular worlds that you can visit, including Decentraland, The Sandbox, and Voxels. Although each has different entry methods, you need a cryptocurrency wallet containing cryptocurrency. If you have one, you can visit the website of the platform you are interested in.
How to Buy Land in Metaverse?
The term metaverse land refers to the virtual parcels of land in the virtual worlds mentioned above. Virtual worlds such as Decentraland (MANA) and The Sandbox (SAND) already have ownership of such land. When you purchase virtual land, you are essentially making a real estate investment. You can build whatever you want on them, and each is recorded as an NFT on the blockchain. With NFT technology, you can prove ownership of your land and buy and sell it.
But how do you buy metaverse land? Purchasing land in a virtual world may seem intimidating at first due to specific terminology and related processes, but it is a straightforward process. You can purchase your own land in just a few steps. First, you need to choose the virtual world you are interested in. Then, you can purchase it through NFT buying and selling platforms such as OpenSea or the virtual worlds’ own marketplaces. NFTs have different prices depending on their location. Therefore, it is beneficial to invest in areas that you think will appreciate over time.
We are currently in the early stages of the metaverse. However, you can expect to see rapid development in the coming years. Companies like Meta will try to combine this new trend with AR and VR devices to provide a more immersive virtual experience. This way, we can have realistic, connected virtual experiences with our loved ones. Instead of Face Timing with a family member from anywhere in the world, we can use a VR headset and feel as though we are in the same room with them.
There are currently many virtual worlds in the field, and the situation may change with the advent of Meta’s platform. It is also highly likely that we will see bridges between virtual worlds in the future. In the end, this concept represents not just virtual worlds but a single “metaverse.”