08/23/2022

Understanding The Metaverse And How It Works

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The Metaverse will revolutionize social interaction and create virtual experiences unlike any other.

Here are some tips to help you plan your digital adventure as we navigate the Metaverse.

  1. What is a Virtual World?
  2. What is the best way to operate in a virtual environment?    
  3. What are some virtual worlds we should explore?

What is a Virtual World?

The Metaverse is a digital universe that contains all other virtual worlds. Each world is designed to offer a unique experience and can be accessed with the right technologies.

Augmented Reality [AR] tools are used to enhance these worlds. They use sound and visuals to augment the physical world. These AR tools are activated by users’ real-time movements in the physical environment. We have all experienced AR experiences via website engagements or other means, but we expect the Metaverse will accelerate AR experiences with new and better technologies.

Virtual Reality [VR] tools are used to create immersive experiences and transport users from their real world into virtual worlds. Users wear headsets that simulate the experience using visuals, sounds, and digital content. While VR has existed for a while, we have only recently experienced it through gaming. However, the Metaverse will allow us to create immersive experiences in a simulated 3D environment.

What is the best way to operate in the virtual world?

We now know how to access the virtual world. The question is: How can we get around it?

The transaction tokens that enable digital transactions in the virtual universe are cryptocurrencies. Each digital world has its own transaction tokens that can be used for buying and selling in that particular environment.

SAND is the digital token that can be used in The Sandbox. Decentraland’s biggest competitor, Decentraland, uses MANA as its digital currency. Each virtual world also has its own currency, which allows users to exist in the world. 

Non-Fungible tokens (NFTs) are digital assets that can be used in the Metaverse. These digital media can be bought from their creators and are made up of images, text, and codes.

To represent themselves in the digital world, users can create a 3D avatar. This digital representation is even more fun because users can personalize it and add NFTs purchased to it.

Virtual Worlds to Explore

Decentraland

It is the first blockchain-enabled virtual world in the Metaverse. Users can explore, create, and trade in this digital world. Decentraland was launched in February 2020. It offers a fully immersive experience through social engagement and gaming.

This world allows users to purchase land and craft it in their own way. Later, they can monetize it. Users can also create their own avatars to represent themselves in the world. The marketplace allows users to trade digital and land assets.

The Sandbox

Decentraland’s competition, The Sandbox allows users to trade land plots in its virtual world. You can make your land monetizable by adding digital assets to it and creating games for others. Users can monetize their gaming experience by using the Sandbox platform.

What’s even more fascinating? Snoop Dogg owns his home in The Sandbox. His virtual land is available for sale at $4,50,000

Breakroom

Breakroom is a new virtual world that allows companies to make their workplaces digital. Companies can easily create their own workspaces and personalize them in a flexible and affordable way.

Breakroom allows work to be digitally integrated through virtual offices and virtual classrooms.

The Breakroom provides immersive experiences that facilitate networking and allow the audience to increase their digital presence.

Gather

Gather was launched in May 2020. It focuses on the essence and positive emotions of humankind in virtual interactions among users. Gather is a 2D virtual world that uses simpler art styles than many others.

Users can create their own events and social engagement parties in this virtual world. Gather brings together millions of people in virtual space, from weddings and birthday parties to conferences and virtual offices.

Horizon Worlds

Horizon Worlds offers immersive gaming and social experiences. This Virtual World allows users to create their own world and build upon it with their creativity.

The users have the choice of how they want to operate in the Virtual World. Users can choose to play games, attend events or interact with their community. Users can create their own gaming environment and share it with one another.

The Metaverse is enabling us to see the digital transformation of our world in a way we have never seen before. We have the chance to explore many digital ecosystems today and discover their unique offerings.

Our question is: Which virtual world will you first explore?

About the author

Kobe Digital is a unified team of performance marketing, design, and video production experts. Our mastery of these disciplines is what makes us effective. Our ability to integrate them seamlessly is what makes us unique.