What is the metaverse that dominates the two industries of 'blockchain and Internet'?

The Metaverse can be said to be the hottest concept in the entire blockchain industry and even the Internet industry recently. However, it is not a new term born in the blockchain industry, but has entered the blockchain industry from the Internet circle, and has spread rapidly by taking advantage of concepts such as NFT and GameFi.

So, what is the Metaverse, what is its relationship with the blockchain, and what stage has it developed to now?

01
What is the Metaverse?

The word Metaverse first appeared in the novel "Snow Crash" by science fiction writer Stephenson. The Metaverse depicted in this novel is constructed on the Internet, Highly realistic virtual communities and worlds.

The word metaverse means "beyond the universe", that is, in the future world, human beings will live in the unity of the physical world and the virtual world, and everyone will live in the virtual world in addition to the physical world. In the world, there are one or more avatars, which can carry out various activities such as socializing, entertainment, games, work, display, education, trading and so on at the same time.

After the movie "The Outlaw Player" was released, many people called it the movie closest to the metaverse so far. Using new technologies such as AR, VR, AI, and the Internet of Things to create a very real experience A game world where you can play, entertain, work, and trade in this virtual world.

At the same time, the assets and influence in the game world are mapped to the real world, making the two worlds a unity.

02
The giants attacking the metaverse

## Along with the word "Metaverse", a game company called Roblox became popular. It is known as the first stock in the Metaverse. Since it was listed on the New York Stock Exchange on March 10, 2021, it has continuously risen to a market value of more than 40 billion. Dollar.

Following this, a large number of well-known game companies announced their entry into the Metaverse. After all, for game companies, the Metaverse is undoubtedly a very imaginative grand narrative, and jumping from games to the Metaverse is also a track. Following the trend, this second curve transformation does not come presumptuously.

It was Facebook founder Zuckerberg who really made the word metaverse come out of the circle and cause a sensation. On August 14, 2021, Zuckerberg stated in an interview that Facebook would be built into a metaverse company in the next five years.

This has caused the "Metaverse" to quickly detonate the domestic and foreign media circles. Internet giants such as Alibaba, Tencent, ByteDance, and Microsoft have begun to make plans to seize the new track of the Metaverse.

03
What is the relationship between the Metaverse and the blockchain?

The Metaverse has become popular, from the entire Internet industry to the region Blockchain industry, so what exactly does blockchain mean in the metaverse?

Facebook believes that the Metaverse is a world based on AR/VR. Users enter the virtual world through wearable devices, thereby achieving a seamless connection between the real world and the virtual world.

In fact, in addition to AR/VR technology, the Metaverse also needs to integrate a series of new technologies such as the Internet of Things, artificial intelligence, big data, cloud computing, and blockchain.

Especially the blockchain belt The decentralized "trust" is the basis for the creation of credible assets and identity authentication in the Metaverse, making value creation and free flow of value in the Metaverse more efficient and convenient in the future.

Most of the current "Metaverse projects" in the blockchain world involve land sales, games, entertainment, displays, transactions, etc. In fact, they are still rudimentary concepts and only build the Metaverse. It is a prototype, but each project almost forms its own metaverse. The assets, equipment, etc. in each metaverse cannot interact universally. It is difficult for people to imagine that this is a possible metaverse.

04
Summary

Of course, limited by the current underlying infrastructure of the blockchain, the Metaverse project It is indeed difficult to have a large space for display under the current conditions.

However, when public chain expansion, cross-chain, storage and other infrastructure develop further mature, coupled with the development of D

eFi, NFT, GameFiecology, as well asAR/VR, artificial intelligence I believe that with the further implementation of new technologies such as intelligence, Internet of Things, big data, and cloud computing, the Metaverse will truly begin to take off.

Once the Metaverse begins to take off, what will be the growth rate of assets in the virtual world? let us wait and see.

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