The metaverse (or metaverse in French) is a parallel, virtual or alternative world to the world we know. The least we can say is that for a few years now, the metaverse has sparked passions. Who has never even imagined a world full of possibilities where the laws that govern our current world would not exist. Whether it’s on the entertainment, cultural, artistic, or even economic level, the metaverse is undergoing, whether we like it or not, an incredible digital revolution.
This digital revolution, many people still have trouble imagining it. This is completely understandable, because every time there was a new invention in history, few people were immediately interested in it. It is actually proven that from a societal point of view, people struggle with change, especially when it comes to cutting edge technologies.
What is Metaverse?
The Metaverse is a world parallel to ours. It is a virtual and digital environment that allows the free use of imagination and thought. Although it is very complicated to find a real definition of this complex and constantly evolving word, the metaverse can simply be described as a virtual world. The Metaverse is above all an immersive adventure, yes, that is arguably its primary goal. The immersion of the special in the metaverse is not inaccessible, it is only necessary to use the appropriate technologies.
The metaverse is nothing unique, in fact its principle is to have infinite possibilities, and among these different possibilities is that there are several different metaverses. This term is ultimately more of a notion, a concept, an idealization rather than something very concrete.
Origins of the Metaverse
To understand the origins of the metaverse, one must go back in time, to the early 1990s. Already at that time, some people had understood the importance of technology, and more specifically the Internet. Some wondered what all these advances will be in the future and what different opportunities they will offer. Among these people we find the American writer Neal Stephenson and his novel The Virtual Samurai published in 1993. This novel is really one of the forerunners of the very precise concept that is today the metaverse. In his novel, Stephenson imagined a world where it is possible to exist without anything but the thought of the brain.
A real parallel world
The latest cultural example that perfectly represents what the concept of metaverse is is the film by the genius Steven Spielberg, Ready Player One released in 2018. This movie really represents the current state of the virtual world where a person will be immersed in this world through a virtual reality headset. In the film, Spielberg tried as best he could to represent what a user of a virtual reality headset might feel, both emotionally and physically.
The main purpose of the metaverse is to allow its users to be able to realize their wildest dreams, to become something or someone that they could not become in real life. But the metaverse also makes it possible to realize what characterizes man the most, namely money. The metaverse has quickly become an important source of investment for many, especially since many know that it is a concept with infinite potential.
A very special technology
To function, metaverse uses very specific technologies:
- For starters, there are virtual reality headsets or augmented reality headsets. Virtual reality headsets, also called VR headsets, are used to fully immerse the person in the game, in the world they want.
- The augmented reality headset, also called AR headset, is used, as the name suggests, to increase this feeling of virtual reality, therefore enhancing the user’s immersion.
- Blockchain technology is also used in the metaverse. This technology allows decentralized transactions between users. This means that transactions are carried out directly between individuals, without any intermediary in buying or selling.
What to do in Metaverse
There is a multitude of possible activities in this parallel universe, which is also what makes it so charming. Ultimately, there are a lot of real-world features in the metaverse. From things like economics over cryptocurrency, to art with NFTs, there is plenty to do inside. Thus, everyone can find a shoe that suits them in this universe.
Have fun in a parallel world
It is possible to be entertained simply in the metaverse, especially by the metaplatform formerly known as Facebook. With meta, Mark Zuckerberg, CEO of the company, wanted to set up a connected system of very extensive digital data. So there are many games in the meta, like Axie Infinity or Sandbox. It is also possible to cultivate properties and real estate by the best-known means from the Decentraland platform.
Invest and earn money
Investing in the metaverse requires several things. It is actually not just any kind of investment here that can be found with shares in companies in the stock market in particular. You must first have certain ideas about and knowledge about the virtual world you want to invest in. Indeed, one should not surf the trend and popularity of the metaverse, thinking that an investment in this universe is necessarily profitable.
It is also necessary to know the different cryptocurrencies to acquire before you even want to invest. Trading in the metaverse is very often done through specific tokens specific to the various platforms you will be using. Caution and your different knowledge are the two elements that allow you to make consistent investments.
How to invest in the metaverse?
There are several different ways to properly invest in Metaverse.
Some games allow you to acquire money. The principle of these games is characterized by the “Play to Earn” system, which literally means play to win. The further you progress in these virtual games, the more cryptocurrency rewards you will earn. However, these games do not pay much today.
NFT trading, on the other hand, is much more interesting in terms of investment. A booming phenomenon, NFT (non-fungible token) trading allows you to make money in two ways. Either by performing a Mint, which means buying an NFT on the day of its release cheaply and selling it at a higher price afterwards, or by a simple resale purchase process on the OpenSea platform.
Finally, the best way to invest in the metaverse is digital real estate. The purchase of LAND by the Decentraland platform is a good way to invest your money, because just like in real life, the value of real estate, even digitally, is likely to increase significantly in the coming years.
You must, before investing in the metaverse, understand the still current instability in the market. Thus, it is not recommended to invest huge sums in this medium unless you have the opportunity to do so.