What is metaverse? Metaverse technology, metaverse news

what is metaverse?

Metaverse has been the hottest topic of conversation lately, with Facebook and Microsofr claiming.

The next generation of the internet is upon us, and it’s called Metaverse. Formerly known as Antshares, Meta aims to create the most advanced blockchain-based network of decentralized applications by encouraging companies to register and build their own projects on the platform. The benefits of doing so are numerous, but the main reasons that companies would choose to build on Metaverse instead of Ethereum or any other blockchain platform are security and anonymity in transactions. Unlike Ethereum and other blockchain platforms, Metaverse does not rely on mining, which requires large amounts of computing power from many different users.

But exactly is metaverse?

Basically Metaverse is a combination of multiple technologies like Augmented Reality (AR) and Virtual Reality (VR) Basically Metaverse is a combination of many technologies such as Augmented Reality (AR) and Virtual Reality (VR) where users live in a digital world. It is a combination of 3D visual worlds focused on social interaction.

Metaverse
Metaverse

Metaverse is an open-source public blockchain that aims to build a decentralized web of Smart Properties and digital identities. The underlying technology utilizes blockchain technology and digital identity to enable various possibilities previously not available through our current internet model. To create Smart Properties, Metaverse generates its own native token (ETP) by mining. Digital identities are used as nodes on Metaverse’s peer-to-peer network and as such can represent any type of asset imaginable, making them ideal for representing real world assets via digitization. In turn, users or applications can utilize these newly created tokens or digital identities in a number of ways within Meta’s ecosystem, taking advantage of a wide range of features including data storage, transaction settlements and instant value transfers.

the core team and partnership :

Metaverse was founded by Eric Gu and a team of early pioneers of blockchain technology. It was initially incubated by ViewFin, one of China’s leading blockchain companies and developers of Metaverse Smart Token (MST). In addition, through collaboration with ViewFin, Metaverse has attracted other well-known international partners such as Bosch and Schlumberger. On June 26th 2017 Metaverse announced that it would open its own office in Silicon Valley with support from Dragonfly Capital Partners (DCAP), a multi-strategy investment firm focusing on innovative blockchain ventures that lead their respective industries or have significant impact on other related industries. Also announced was a strategic partnership with Synthetic Minds, a leading Virtual Reality development company.

In terms of legal structure, Metaverse is a Cayman Islands exempted company. The developers, however, are located all over the world. If you’re interested in becoming part of Metaverse development—or if you want to talk about investing—you can always reach out via GitHub and our Slack channel. We’re glad to answer questions from members of our community! Please keep in mind that we can’t tell you when/if or even how much we will raise during our crowdsale. Since that’s pretty important information for investors, we recommend asking for more details on slack before deciding whether or not you want to contribute!

use cases :

As an example, let’s take a look at Metaverse and its use cases. Also known as China’s version of NEO, Metaverse was founded by Eric Gu, a former engineer at Alibaba with over 12 years of experience working on artificial intelligence (AI) and Internet technology. The company plans to create a blockchain-based platform that allows anyone to issue their own token, establish smart contracts and even build decentralized applications (DApps). It will allow users anywhere in the world to utilize blockchain-based digital identities—and be rewarded for sharing their data with advertisers via trusted intermediaries. This could eliminate fake accounts and user anonymity while making online advertising more relevant.

Examples :

Meta :

  • The big tech giant Facebook has already made big investments in VR, including 2014 acquisition of Oculus. Meta envisions a virtual world where digital avatars connect through work, travel or entertainment using VR headsets.

Microsoft :

  • Another big MNC, already uses holograms and developing mixed and exteded reality (XR) applications with its Microsoft Mesh platform.
  • Microsoft showed its plans for bringing mixed reality including holograms and virtual avatars to Microsofr Teams.
  • The U.S Army is currently working with Microsoft on an AR Hololens 2 headset for soldiers to train, rehearse and fight in.

Investment oppurtunities in metaverse ecosystem :

The first thing that many investors look for when they’re investing in a cryptocurrency are existing real-world use cases and proven success of similar projects. As I’ve mentioned, Meta aims to build a decentralized digital identity system on top of Ethereum. The ETP token, which powers Metaverse, will allow users and businesses alike to create and verify identities for themselves or their customers. Additionally, smart contracts can be utilized through Metaverse to create all kinds of useful digital services – insurance claims processing systems, supply chain auditing platforms, any kind of software applications you could think of – are possible because businesses don’t have a central authority taking up middleman fees or controlling transaction speeds.

You can actually go on “Vauld”  and you can buy a coin called as Mana and you can see the returns of this coin. This has been going crazy.  It was launched somewhere in 2017. The performance was very flat for 2-3 years. Then it has skyrocketed from last year onwards from approximately 0.15 it has gone up to 4.2 palso, which is like exponential return on this percent, because the entire meta narrative picking up steam. A lot of companies are coming up a lot of companies are stating their claims that they will become the next prominent metaverse. Currently the war is going on between four different companies. One is Facebook, Second is Decentraland, third is Sandbox, Fourth is AxieInfinity. All have their different utilities and these are the leading metaverse  that is out there now.

bored, ape, monkey-6945309.jpg
NFT

You can visit https://decentraland.org/ and there you can start trading all these different NFTs. You just need to connect your wallet and you can start buying all these different items.

Top metaverse tokens:

  1. Decentraland
  2. Axie Infinty
  3. The Sandbox
  4. Theta network
  5. Enjin Coin
  6. SushiSwap
  7. WAX
  8. CEEK VR
  9. Chromia
  10. Ultra

  1. https://techwithandy.online/what-are-nfts-nfts-explained-in-detailed/
  2. https://techwithandy.online/how-to-buy-and-sell-non-fungible-tokens-nfts/
  3. https://techwithandy.online/metaverse-what-is-metaverse-metaverse-technology-metaverse-stock-metaverse-news/
  4. https://techwithandy.online/diference-between-hdds-ssds/

8 thoughts on “What is metaverse? Metaverse technology, metaverse news”

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