Metaverse Blog

Concept Metaverse Economy What is Metaverse Economy? Metaverse economy refers to the value assigned to virtual assets, driven by the perception of digital scarcity. Unlike the traditional financial economy, the metaverse economy relies purely on mimicry and is not constrained by actual scarcity it holds value because we collectively believe it does. Impact of the metaverse economy on world Some reports from Meta highlight the metaverse is impact on global economies. Here are some key points: 1- Global Impact :  The metaverse, built on immersive technologies like augmented reality (AR) and virtual reality (VR), could contribute up to US$3.6 trillion per year in additional GDP by 2035. 2- Regional Insights : - European Union (EU): VR and AR adoption is higher (10%) than in the US (9%). The metaverse is expected to contribute up to €489 billion to the EU’s GDP by 2035, with leading companies like Zara and BMW already exploring metaverse applications. - United Kingdom (UK): The U...

The gaming industry in metaverse Best Metaverse Games The gaming industry working in the blockchain and crypto space is leading the forefront. Before we begin with some cool metaverse games, let’s understand what metaverse is, how it is different, and what to expect. Let’s take a look at some examples of metaverse games that are changing the way we go about our daily lives. The Sandbox "Metaverse Games" Another metaverse game with a play-to-earn format, Sandbox allows users to buy land, build on top of it, then sell it on NFT marketplaces like Open Sea. You can be a creator who is building the metaverse or a player who is participating in the games created by other players or builders. Yield Guild Games "Metaverse Games" Yield Guild Games or YGG makes it possible for a group of players to participate in blockchain games remotely. The benefit is not being required to be at the same place like in the old days. They can compete for prizes, cash/tokens, and in-game as...

Who's building the metaverse? Tech companies VS Metaverse The metaverse broadly refers to the idea of a shared virtual platform that people can access through different devices and where they can move through digital environments. Here are a few companies playing a role. The metaverse broadly refers to the idea of a shared virtual platform that people can access through different devices and where they can move through digital environments. The concept, which could be more than a decade away from being fully realized, will take cooperation among tech giants. Technology companies building the metaverse Here are a few of the companies playing a role: "Facebook", which will start trading as Meta Platforms on Dec 1, has said it wants to be seen as a metaverse company rather than a social media one. The tech giant, which has about 3 billion users, has been investing heavily in augmented and virtual reality and has been building out its VR environment Horizon, accessed throu...

How does Metaverse work? How does Metaverse work? Metaverse will integrate hardware and software to hold meetings with other people in a virtual context where people are represented as avatars that convey facial expressions, mouth movements, body language, head tilts, and other gestures in real-time. Avatars will also see other avatars, with their accompanying movements, interact in real-time, and they can make eye contact, point, gesture, talk, and walk around. The world of Metaverse will feature a biometric identifier for business meetings and video applications, real-time gesture mapping for the entire upper body, face mapping, room, and object mapping, with an array of emotion-detecting biosensors, which will be subtly reflected in facial expressions. And in video games, in the world of Metaverse you will appear as a virtual character who will be a copy of you, optimized for verbal and non-verbal communication as well as real-time cooperation, your avatar will be closely related t...

Metaverse Definition Metaverse Definition In this article, we will briefly explain the definition of Metaverse So that we can deliver the idea to all followers of all ages. "Metaverse" is a digital reality that combines social media, online gaming, augmented reality (AR), virtual reality (VR) as well as cryptocurrency to allow users to interact virtually. Augmented reality overlays visuals, audio, and other sensory inputs into real-world settings to improve the user experience. As the metaverse grows, it will create multiple online spaces where user interactions are more multidimensional than supporting existing technology, as well as changing the idea of displaying only digital content. In the metaverse, you'll be able to do just about anything you can imagine - meet with friends and family, work, learn, play, shop, and innovate - as well as completely new experiences that don't really fit with the way we think about computers or phones today. Metaverse Evolution Th...