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The world is not as it was decades ago, things are changing and now even moving into a virtual world where you can make money from and do lots of other things. In this article, I will be explaining what the Metaverse is, and what you can do with it.
What is The Metaverse?
The metaverse is a virtual world that mimics the real world whereby users, businesses and digital platforms can exist and interact.
It makes use of augmented reality (AR), virtual reality (VR), and blockchain, along with concepts from social media, to create spaces for user interaction mimicking the real world.
The metaverse is said to be an immersive next-generation version of the internet. It is not a new concept and has actually existed for years.
Companies like Facebook, Epic Games and Microsoft have joined the Metaverse frenzy and have made investments into the Metaverse.
What Can You Do in The Metaverse?
1. Customize your character:
Just like online games, the Metaverse gives you the freedom to express yourself by customizing your avatar to your liking. You can do this by changing your hair colour, body type and more. It gives you the freedom to be anyone you like.
In the metaverse, you can shop for real and virtual products. With your avatar, you can walk into shops, try on clothes and even pay with cryptocurrency.
You can also buy real products and have it delivered to you.
3. Real Estate:
You can purchase land blocks called parcels, which can be bought using the environment’s unique crypto token.
You can then sell these real estate at a higher value or lease it to a property developer or virtual reality event organizer for monetization.
4. Attend Events:
In the metaverse, you can attend trade shows, concerts and other types of events. With the virtual reality real estate mentioned earlier, you can host all kinds of events .
5. Play Games:
You can play virtual reality games and it is one of the main uses of the metaverse and some even say it was the main purpose for which the metaverse was first envisioned.
Users can not only play games for fun, but also engage in ‘earn-to-play’ activities. Bloktopia will have casinos and other games designed for this use case, and money earned will be credited to the user’s cryptocurrency wallet.
6. Buy NFTs:
Another thing you can do is Invest in digital artwork through NFTs. In the Metaverse, just like there are concerts and workplaces, one can create art galleries as well. Users would be able to view digital art and purchase them as non-fungible tokens (NFTs).
Although the idea of the Metaverse has been in existence for years, it’s still going to take a couple more years to be fully accepted and put into practice.
It is going to pave the way for a new and improved life as it’s going to bring about job opportunities and a fresh way for self expression and we are looking forward to it.