The metaverse is a superset of virtual reality, augmented reality and the internet. No one person or company can have control over the metaverse, but the usual suspects of the tech world are staking their claim. MetaverseWeek, presented by Nuvei:
When technology changes our lives, it’s not often by surprise. The internet, the smartphone and the cloud, to name a few, all arrived to the world preceded by a presence in science-fiction. It’s likely that the “next big thing” of the digital age is about to arrive, and with it the potential to change everyday life. It's called “the metaverse.”
Like a virtual theme park with no limits to its size and creativity, users will be able to move seamlessly from place to place with thousands of other people, all within the same digital universe.Even if the metaverse fails to reach the epic vision many have in store for it, it could fundamentally change the way we interact with the digital world.
Facebook plans on spearheading this development with its own set of investments. It currently owns Oculus, which makes the popular Quest VR headset. While VR technology still has a long way to go, according to Zuckerberg, it’ll be ready for metaverse capabilities “by the end of the decade.”No one person or company can have control over the metaverse, but the usual suspects of the tech world are already staking their claim on the future of the space.
Companies like Decentraland and The Sandbox have developed virtual worlds that integrate cryptocurrencies so gamers can create structures like virtual casinos and theme parks, and monetize them. In Decentraland, the currency used is called, and is available to purchase on exchanges like Coinbase. There are even casinos in Decentraland where you can gamble in MANA, with dealers paid in MANA to show up for work.
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