![]() Metaverse is almost the exact opposite of what our current Internet offers today because the content that is available today is mostly extracted through an application or website.In my opinion, there is one ground rule for describing the Metaverse and i.e., it is not a single entity that can be operated in silos, rather "to create a successful metaverse project the creator should be a virtual economy of itself that should be backed by digital assets like digital (crypto) currencies or NFT, etc." Why Blockchain is considered as a backbone for Metaverse: All thanks to Blockchain technology, because earlier Metaverse was incomplete because everything was stored in the centralized network. Metaverse is created using many technologies, but precisely it is the combination of the Internet, Open programming language standards, Extended Reality, Mixed Reality including AR/VR along with Blockchain and Web 3.0 technologies like Decentralized Ledgers, and smart contract platforms. The second type uses the term Metaverse to describe the virtual worlds, which the users and enterprises can use for business and recreation.The first is grounded around building a blockchain-based metaverse, using NFTs and Cryptocurrencies using the platforms like Decentraland and The Sandbox. ![]() The Metaverse can be broadly broken down into two distinct types of platforms: − Putting it very simply, Metaverse can be many things, but the meaning of the word “ Meta” is " Beyond", and “ Verse” means " the universe" i.e., the concept of the virtual space that can create a new Internet using 3D virtual and augmented spectrum. ![]() The original idea of the Metaverse came from the Sci-fi novel “Snow Crash” by Neal Stephenson in 1992. ![]()
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