Metaverse is a virtual world which is not real, but even in this virtual world, you can buy land and build a house there. You can do business, earn money. If you are a musician, you can do concerts. You can set up an art gallery, or rather, you can do everything there that you do in the real world.
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What is the meaning of Metaverse and where did it come from?
In 1992, Steven Stephenson used the term Metaverse in his science fiction novel called Snow Crash. He envisioned that the Metaverse would be a space where people would be able to interact with each other through their avatars.
Have you ever thought that people will give billions of rupees to buy virtual land? It is true. Actually people are now buying virtual land in Metaverse.
What is Metaverse?
Many different technologies are used for the metaverse. Augmented reality, virtual reality and video tools are used in this. The concept of the Metaverse is that in a digital space, people are digitally together with each other.
Metaverse can be used in different places. From gaming sector to meeting and interacting with each other will be included in this. Simply put, a world where you will have one identity – you will be at home, but your avatar will be in the metaverse. However, you will control it yourself.
For example, if you want to take part in a live concert happening in the Metaverse, then you can do that too. This video format will be different from the concert. Because here in this concert your avatar will be present with other people.
You’ll be able to feel like you’re participating in that concert and enjoying yourself with the people you use to the metaverse, because there will be other people in the form of avatars and you’ll see them over there. You can also have a conversation.
People will be able to meet each other, talk and do gaming together in the digital space through their avatar sitting at home. Even through their avatar in the digital space, people can do virtual trips around the world.
Facebook has done a lot of work on the metaverse. The company has developed a meeting software called Horizon Workroom. It is used with the Oculus VR headset attached. Using this software and Oculus VR headset, you can put your avatar in the meeting.
The Metaverse is a virtual world where you can do everything you would do in the real world. Let’s start with Web 1.0, in fact, when the Internet started, most things used to be in the form of text. After this came Web 2.0 which is presently present.
Web 2.0 has everything except text. Not only audio and video, but 3D and immersive experience is also available in Web 2.0.
What after Web 2.0?
This is where the story of the Metaverse begins. Because Metaverse is being called Web 3.0. Therefore, it will not be an exaggeration to say that in the coming 5 to 10 years, the way of using the Internet will completely change and people will have shifted to the metaverse, that is, a new world.
Recently Facebook has changed its name to Meta, so people are seeing Metaverse associating with Facebook. but it’s not like that. Metaverse is actually a term. The real world where you and I live and you can understand the Metaverse as a virtual world.
Just like in the real world, you need land to build a house or open a shop. Similarly, people are buying virtual plots to live in the Metaverse, to open a shop, to play or to hold a concert. Yes, money has to be paid for this only. New records are being made for buying land in the Metaverse. People are buying virtual plots in Metaverse by paying crores of rupees.
First of all, we will know what is Metaverse and how it works. Will the Metaverse Replace the Internet Within the Next Few Years? What is the future of Metaverse and what can it do? In this article you will read about what is going on in the Metaverse so far.
Metaverse is the future of world
20 to 30 years ago hardly anyone would have thought that the world would become dependent on the Internet. Similarly, if you feel that the metaverse will flop, then you are wrong. Because as of Web 3.0, the metaverse is looking like a solid future.
Barbados has become the first country to announce the opening of its embassy in the metaverse. Barbados is building its diplomatic compound in the Decentraland of the Metaverse.
Embassies of many countries will open in the coming time. Gradually the trend will change and the day is not far when people will start spending more time in metaverse than smartphone.
People are also seeing it as a new way to earn money. Because the price at which plots are being found in Metaverse right now, their prices are also expected to increase rapidly like cryptocurrencies in the coming time.
Plots are being sold for millions in Metaverse
The sale of virtual land is in trend in the tech world and people are increasingly buying land in the metaverse. This land is very different from the normal land or rather it is virtual and real houses cannot be built on it. Still, why are people giving billions of rupees for this? Let’s try to know.
The world’s big tech companies, including Facebook and Microsoft, are investing billions of dollars in the metaverse. The metaverse is also being considered as the next generation web where people will spend time with each other virtually.
The popular metaverse platform Sandbox has sold virtual land worth 4.3 million US dollars (about Rs 32 crore) last month. This virtual land of Metaverse has been bought by Republic Realm, the developer of a video game company in America.
Based in New York City of America, this company is actually doing real estate work in Metaverse. Just like when you go to buy a house, you contact a real estate company or a broker, in the same way real estate companies are getting established in the metaverse too.
This week a Hong Kong billionaire bought a large plot in the Metaverse from the Metaverse company The Snadbox. According to a report in the South China Morning Post, 42-year-old millionaire has said that he will create a GPA Pavalion in the plot he bought in Metaverse where start-ups will be able to sell their products virtually.
Earlier, Metaverse Group, a subsidiary of Tokens.com, also bought a virtual plot in Metaverse for $2.43 million.
The question is, what will be done after buying the virtual plot and what will be its location?
The metaverse – that is, the virtual world – has different locations and environments. Decentraland is the online environment within the Metaverse ecosystem where they have purchased virtual land/virtual plots.
Virtual Districts and cities are even in the metaverse
Decentraland and The Sandbox are two of the most popular platforms where you can buy virtual plots in the Metaverse. Decentraland is actually a virtual reality (VR) platform based on the Ethereum blockchain.
Conference or commercial plots can be bought on this Metaverse platform. Not only this, plots can be bought for art gallery, house and other live events.
There are five districts inside Decentaland. There are many cities within these districts. These include cities like Crypto Valley, Dragon City, Aetherian City, Vegas City, Fashion Street and District X. You can buy plot here. This will be a virtual plot and after buying you can make whatever you want here.
The Sandbox is also a similar platform where you can buy virtual plots. Apart from this, there are many metaverse platforms where you can buy virtual land.
You will be given many options to buy a house in Metaverse. Want to buy in roadside, want to buy water facing.
Companies have also been prepared in the metaverse. The Metaverse Group is one such company which is an affiliate of Tokens.com. This is a real estate company that provides plots in the metaverse.
The Metaverse Group’s headquarters are also in the Metaverse itself. The company’s global headquarters are in the Crypto Valley of Decentraland. We have told you above about Decentraland.
By buying virtual land or virtual plot in Metaverse, you can create virtual shopping place there. Big events and concerts can also be organized there.
Recently, American musician Snoop Dogg has also bought a plot in the Metaverse. In the coming time, he will perform there. If you’re wondering if live performances can be seen in video, then what about in the Metaverse?
Actually, in Metaverse, you can create your own avatar and place it in that live concert. You will feel like you are a part of that concert. Everything will happen virtually.
After running for 15 years, now Web 2.0 has come to an end and Web 3.0 i.e. Metaverse is starting. Due to the Corona epidemic, the ways of people around the world from meeting, meeting or talking to traveling have also changed. Education has been done online, from doctor consultations to marriages have happened online.
In such a situation, the metaverse is also being seen as the new modern web. This is the reason why companies want to enter this space as soon as possible and billions of dollars are being invested for this.
Just like Facebook has a monopoly in the social media space, in the same way the company is preparing to create a monopoly in the metaverse as well. Mark Zuckerberg says that the metaverse is like the next evolution for social media.
People will interact with each other in virtual space and they will be able to feel that all this is happening in reality.
What will change in life after the Metaverse?
If seen in the present time, life is literally passing by every person. Only virtual world is being imagined with Metaverse technology. This technology, which is being told that a person will be able to enjoy the world of his choice sitting at his home and enjoying everything of his choice live.
The metaverse which is believed to be the real world. Because after this technology, people’s favorite thing will be available in front of them in the blink of an eye. At present you are enjoying live show like video call through mobile phone. But after the metaverse, people will be able to live their lives in a different way.
The era of digital clothing will also be seen in this virtual world. This means that you are physically sitting at your home. But you will be driven into the virtual world with the help of digital devices.
How do i get job in metaverse ?
Facebook founder Mark Zuckerberg is investing heavily in making the metaverse a reality. Under this, Zuckerberg will give jobs to 10 thousand technical experts from the European Union and will also spend 50 million dollars.
When will the Metaverse job come out and what will be the requirement for the job, it will be known in the coming future
Disadvantages of the Metaverse
Whenever a new technology is invented, where we will get full benefit from it, its harmful effects will also come to the fore in future. People will spend most of their day in this, there will be distance between people in their personal life. Apart from this, many more dangerous effects will be seen.
Challenges of the Metaverse
Building the metaverse will be full of challenges. We do not have the kind of infrastructure needed for this technology at the present time.
The internet used in today’s time is limited to one design. For metaverse we have to increase internet speed. In today’s time only 4G is available as a fast network, when millions and millions of people in the metaverse will be meeting or playing games together then it will be a little difficult to handle everything.
To increase the metaverse, we will need 6G. The use of interoperable metaverses will also raise questions related to data security and Artificial Intelligence. Data security will also require the consent of the users. The metaverse will need new rules to control communications, tax reporting, regulatory enforcement, and prevent online radicalization.
FAQs About Metaverse
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