Welcome to Metaverse »Crypto Insiders

Mark Zuckerberg, Apple, Microsoft, Google and many other names. They are all investing heavily in “The Metaverse”. It is estimated that “The Metaverse” will be a $ 800 billion industry by 2024. By comparison, the smartphone industry was worth about 380 billion euros by 2020. Yet the average passerby does not know what the metaverse exactly means. It sounds futuristic, something out of a movie, but what exactly is it?

What is the metaverse?

“A built-in internet where you are in the experience”

Said Mark Zuckerberg in his keynote address, announcing that Facebook would take a whole new course and become one of the builders of the meta-verse. But this is perhaps even more vague than the term itself. Virtual reality† A great video game? A virtual world as depicted in the science fiction movie Ready Player One? Is it the meta-verse?

To understand exactly what the term means, let’s take a look at where the term comes from. The term metaverse was first mentioned in a book called Snow Crash by author Neal Stephenson. This book describes a virtual world where people have built their whole lives up in a digital world using virtual reality glasses. Virtual real estate, basically do your shopping, and choose your own look using an avatar.

Today, Virtual (and often Augmented) reality is still used regularly in 1 sentence when it comes to the meta-verse. The metaverset is starting to get a bit of the same charge that the internet also got in the 1970s. The meta-verse is the digital world of the future. This digital world is not only the world you see through your VR glasses, but also a digital world when it comes to payments, intellectual property and social infrastructure.

Metaverse solves problems in the present

Metaverset is therefore not only a kind of utopian video game world, but can also be used to solve today’s problems. Think augmented reality glasses that can help doctors perform surgery down to the millimeter, or glasses that construction workers put on so they can see the real measurements of a building down to the centimeter.

Another driving force behind the metaverse is the web3 world. Although web3 and the metaverse terms are very close to each other, they are slightly different in meaning. As mentioned before, the meta-verse is the complete digital world. Web3 is specifically about the digital world through blockchain technology. Blockchain technology is often seen as a favorite for meta-verse implementations. Payments, property rights, but also digital art are, for example, all implementations that can appear in the metaverse.

The boundary between the real and the digital world is disappearing

In summary, it really comes down to 1 goal: Making the metaverse amazing makes people worry about their digital world as much as they worry about their real lives. The line between them is getting thinner and thinner, and may even disappear. Now people attach a lot of value to their real life and the digital is less. So this will change. Many people will now think, “Of course Jordi, value your digital world more, what shit.” And while this may seem like it at first glance, people forget how much value people attach to social media. Today, so many people are after views, likes and are so worried about their profiles on social media. This is not much different and the metaverse is an offshoot of this.

The meta-verse as mentioned above is not some kind of complete digital world that humans live in. The “real” life will always continue to play a very big role. In the near future, you can think of augmented reality much more. In 5 years you will see a lot of implementations of augmented reality. Think of a kind of user interface from which you can easily see things. I also see crypto implementations end in this. But you can also incorporate the “fun” side of the meta verse into this. For example, you look at a friend and see a Bored Monkey. So the metaverse still has a long way to go again, but the possibilities are endless!

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