The Metaverse Explained: A Guide to What It Is and Why You Should Care

New But Different

While it sounds pretty out-there, the idea is not entirely new. It was coined by Neal Stephenson in his 1992 science fiction novel, Snow Crash. The word is a portmanteau of the prefix “meta” (meaning “beyond” or “above”) and the common suffixes “-verse” (as in universe) or “-versum” (as in transverse). He described the Metaverse as a collective virtual shared space created by merging virtually enhanced physical reality and physically persistent virtual spaces together.

What Is the Metaverse?

The term “metaverse,” or a network of 3D virtual worlds, refers to the scenario in which people from all over the world can connect on one single social platform. This would be facilitated by using VR and AR headsets. In futurism and science fiction, it is referred to as a hypothetical iteration of the internet that has been described as a single universal virtual world.

How Do You Enter the Metaverse?

There are ways to enter the Metaverse that are more complex than others. When it comes to VR, there are two main options: one is a VR headset and the other is your computer. With Google’s new VR system, they have goggles. The goggles can be used with an app on your phone or with a virtual reality program on your computer.

  • Oculus Rift
  • HTC Vive
  • Sony PlayStation VR

Why Is the Metaverse Important?

As we move closer and closer to a digital-only future, our lives will be significantly impacted by the technologies we use. The emergence of the Metaverse is just one example of how technology is changing the way we live.

What Does The Future Hold For The Metaverse?

We will start to express ourselves in new and exciting ways. We'll see radical self-expression, for example, when people learn how to manipulate the virtual world around them using tools made by creators like themselves!

The Future of Money in the Metaverse

Have you ever heard the phrase, follow the money.

Roblox

Roblox is a popular gaming platform and game creation company that was created in 2004. Roblox focuses on creating metaverse worlds where players can create virtual homes, find jobs, and seek adventure. One of the company’s main goals is to offer 3D social experiences as close to real life as possible with spatial voice chat so people can hear each other speak without needing headsets or microphones. 🤯

Epic Games

Epic Games is an American video game and software developer company that was founded in 1991. The company offers some amazing games and you might of heard of some of them:

  • Fortnite
  • Unreal Engine 4
  • Unreal
  • Digital Humans

Gather

Gather is a video chat platform that is going to revolutionize what it means to go back to the office. This metaverse platform is used for virtual offices, conferences, and meetings.

Conclusion

We’ve just scratched the surface on the metaverse, but it’s so exciting that you’re now mentally designing your avatar. The future of money, finance, and digital identity will be revolutionary, and you’ll be hearing about digital identities and the metaverse more often in the coming months, so stay tuned for more information on the topic.

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