Section 10 // ●●●●●●●●●○ Level: Easy Quick Links: 6: NFTs 7: DeFi | 8: DAOs | 9: dApps Dashboard: Web3 Starter Pack |


<aside> 🥡 KEY TAKEAWAY Metaverse is the future of the Internet.

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What is metaverse?

Simply put, metaverse is a virtual world where people can work, live, shop and interact with each other from the comfort of their favorite place in the physical world.

Living in a virtual world will impact many known real-world experiences such as business meetings, gaming and communities all thanks to the virtual reality headsets and controllers.

In the metaverse, people are presented as avatars and digital currency is used to shop, buy gaming accessories and gaming elements, or simply travel around the metaverse.

<aside> 💡 Avatar is an online presentation of a user - a digital identity in the metaverse which can be static or animated.

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What is the difference between the Internet and the metaverse?

The Internet is a network of connected tons of computers, servers and other e-devices. When user is connected to the Internet it can interact with other people, buy products and services, read, watch, play games - pretty much any real-life activity is now digitized and can be found on the Internet.

On the other hand, metaverse is like upgrade of the Internet powered by latest technologies such as virtual reality (VR), augmented reality (AR), artificial intelligence (AI) and digital currencies. All these technologies enable a digitized experience of life in the physical world in a new virtual world ➡️ metaverse. One can simply enter the metaverse through browser or a VR headset and enjoy real-time interactions and experiences in a bordless, virtual world.

Are there any companies in the metaverse?

Many services, technologies and companies are leading the path to the metaverse creation.

👉 Facebook changed its name to Meta in 2021 announcing its devotion and investment in building the new vision for VR social media platform in the metaverse. They already sold millions of their own VR headsets - Oculus.

👉 Microsoft already launched Mesh for Microsoft teams. Mesh enables users to join and share holographic experience (holoportation) during virtual meetings.

👉 Nike opened Nikeland in Roblox - a place for their brand followers and user to hang out and dress in Nike virtual products.

👉 The rapper Travis Scott in 2020 held a **virtual concert** hosted in Fortnite. Around 12,3 million people attended and danced from all around the world.

<aside> 💡 Holoportation is 3D tehcnology that lets users reconcstruct and transmit high-quality 3D models in real time.

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Are NFTs and metaverse connected?

NFTs play a big role in the metaverse as they represent art, music and other elements in a digitized form. NFTs are digital proof of ownership that can be bought, sold or exchanged in the metaverse.