

Friday 29 July 2022
What is the Metaverse?
The metaverse is a concept of a persistent, online, 3D universe that combines multiple different virtual spaces. You can think of it as a future iteration of the internet. The metaverse will allow users to work, meet, game, and socialize together in these 3D spaces. The metaverse is driven by augmented reality, with each user controlling a character or avatar. For example, you might take a mixed reality meeting with an Oculus VR headset in your virtual office, finish work and relax in a blockchain-based game, and then manage your crypto portfolio and finances all inside the metaverse.Metaverse Projects
Metaverse projects run on a blockchain, so multiple metaverse’s can be on the same blockchain. For example, Decentraland, Sandbox and Starlink run on the Ethereum blockchain. In the future we could see Avatars freely move between metaverse projects. This is called metaverse interoperability where people (or their Avatars) can freely move from one Metaverse project to another and explore different infrastructures just like humans do in the real world. But the token, technical and economic alignment will unlikely see this happen for several years.
Metaverse Landscape, credit: https://twitter.com/hc_capital