The Technological world is constantly evolving and there has been a noticeable change from the invention of 1D technology down to the 3D technology. Metaverse is a scheme that tries to incorporate the different technologies together. To a beginner, I'll describe a Metaverse as an advanced technology that attempts to make the virtual world feel real as we interact with the entities using computing technology.
the metaverse is defined as a virtual world, or an extension of the physical world using computing technology.
The Metaverse blends VR(virtual reality), augmented reality (AR) and Video wherein people exist in a bound of a digital universe. Just like the stages of development, Metaverse is at its larva stage and has not fully come into existence yet but people would be able to interact, attend meetings, create arts, buy commodities, play games, hang out, etc. once it is developed.
Metaverse and Cryptocurrency
The virtual economy also requires currency. Cryptocurrency will likely be the major currency for buying and payment of services in this virtual world. Users will be provided with Metaverse crypto to earn and trade, Thereby creating a new economy. The Blockchain will be created to feel real and feasible and permit for economic growth just like the real world. Cryptocurrency will have an important place in Metaverse as they both operate on the same principle of deconcentration of financial ownership. People will be able to own assets in this virtual world.
Properties of Metaverse
One unique property of Metaverse is the bringing of multiple concepts together and trying to explain their connection. A user would be able to experience this virtual world without starting from scratch if they logout and the idea of having a perfectly functioning economy.
Components of Metaverse
Virtual Reality (VR): virtual reality is a computer generated environment with scenes and objects that appears to be real making the user feel immersed in the surroundings. Example of VR is the 3D gaming where users assume to be present in the new environment. The users are occupied and commune with 3D worlds
Augmented Reality: Unlike VR, augmented reality stimulates the object in the environment. It uses sensors and helps in positioning spots and cameras.
Finally: Just like Blockchain technology, I believe the privacy and security of its users will be considered. Privacy and security will be ensured and users will have access to their data just like the decentralized system in Blockchain technology.