The metaverse is a virtual reality-space in which users can interact with a computer-generated environment, other users, and digital platforms. The metaverse is a place where you can invest in virtual land, NFT’s or tokens, create a 3D avatar, meet new people anywhere, build, explore and play in virtual worlds.
NFT’s and Cryptocurrency help build the metaverse; it allows users and businesses to invest and make money as if they were in the real world.
The metaverse is a global platform, so cryptocurrency is the main form of currency. Cryptocurrency is not nationalized and so the value it has in America is the same value it will have in any other nation.
Users can view digital art and purchase them as non – fungible tokens (NFTs). Even though NFT’s are in a virtual setting, they still have real world value and can be re – sold for profit.
Virtual reality gaming is fun and allows people to have virtual interactions with each other. Earn – to – play activities not only allow people to have fun, but to also earn money while playing.
Clarence Washington, a student who uses the metaverse to play games and sell NFT’s states “I play with my friends a lot in between classes, and to make extra money I sell my art also. It’s nice to have some money in my pocket to help me with school.”
Meeting and socializing with people, is a lot less difficult than before. People don’t have to travel far distances, or even leave home. This positively impacts those with physical disabilities, living in remote locations, and with limited options for social activities.
Concerts, social gatherings, and learning sessions all take place in the metaverse, allowing the host to monetize and make money from charging attendees a price when they buy a ticket. Most platforms have a monthly schedule to know when these events are taking place.
Satya Nadella, the CEO of Microsoft, states “The metaverse is here, and it’s not only transforming how we see the world but how we participate in it – from the factory floor to the meeting room.”
Categories: Business, Features, Uncategorized
Leave a Reply