The Metaverse, Part 1.

First, it was all about Covid, now it seems to be all about the metaverse. This new idea is in everyone’s ears lately since Facebook announced they wanted to invest heavily into it. Some of us are probably even wondering, what is a metaverse? The concept of a metaverse is quickly becoming a buzzword in business and in the tech industry, and we all want to know what it is and what it means?

If we cut it short, “Metaverse” generally refers to a virtual world or a virtual environment that people can access via the internet. With the use of technologies such as Virtual Reality (VR) or even Augmented Reality (AR), metaverse can be referred to as the digital space that is made more life-like, more “real”, thanks to modern technologies. You may have seen videos or heard stories where people put on a pair of Virtual Reality headsets and play games where they have a character that can walk around and interact with other players into this “universe” that seems real but is just a vision created by your VR headset? Well, that “virtual world”, that “virtual universe”, is referred to as a metaverse.

To sound even more fascinating, there is a metaverse that uses technologies where users will be able to buy virtual land and other digital assets using cryptocurrencies. Sounds crazy? Yes, but there’s a reason why Facebook wants to focus heavily on this idea. This is just the tip of the iceberg though because the real explosion in this market will happen when people will be able to experience the houses they will buy in the metaverse and be able to move around their virtual land

This may sound surreal, but a lot of people see this as the next stage in the development of the internet. As it stands, people interact using social media platforms, through texts, direct messages, and websites, but the idea of the metaverse will create brand new online spaces where users will be able to experience the digital content, rather than just viewing it on their phones.

We are going to be publishing more on the metaverse in the coming blogs, so do keep an eye out!

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