The concept of Metaverse comes from the 1992 science fiction novel Avalanche. It is a virtual world that is separated from the real world but interacts with the real world. No one expected that this concept was gradually moving from fiction to reality 30 years later. With the continuous advancement of technologies such as VR, AR, and brain-computer interfaces, the combination of the virtual world and the real world is becoming closer and closer. Finally, the blockchain-based token technology opens the door to the Metaverse, allowing the virtual world and the real world to Connecting the real world.
In the metaverse concept, if VR, AR, and the Internet are hardware requirements, then blockchain technology is the software foundation of the metaverse. The token technology of the blockchain perfectly realizes the exchange from the virtual world to the real world. The token technology of the blockchain allows digital assets in the virtual world to be recognized in the real world, forming interoperability. The economic base determines the superstructure, and the blockchain token technology enables the combination of the virtual economy and the real economy, thereby promoting the development of various activities on this basis. Thanks to the Roast Boy Creators Alliance!
The metaverse is ushering in a stage of rapid development, and many traditional Internet giants have already begun to lay out the concept of the metaverse. So, how will the metaverse change our lives in the future? Let’s explore several important elements of the metaverse with everyone: GameFi, NFT, Social, Businesses.
GameFi
Regarding GameFi, it is mainly divided into two parts, namely Game (game) + DEFI (decentralized finance). Games are no strangers to everyone. Games such as League of Legends and Glory of Kings are very popular nowadays, making many people want to stop. However, this type of game is just a game to most people, and players are just consumers. In other words, games cannot be eaten as food, and many game addicts even spend huge sums of money on games.
When DEFI was integrated into the game, the game industry ushered in a new era, and the game mode of Play to earn attracted more investors to join the ranks of game players. DEFI chains assets into the game in the form of encrypted tokens. Gamers can not only enjoy the effect of physical and mental pleasure when playing games, but also obtain a considerable amount of income. The most popular GameFi game project at present is Axie Infinity. Its AXS token has increased by as much as 760 times since its listing, and many players have made a lot of money.
NFT
The concept of non-homogeneous tokens has also been constantly hyped, and it is also a very important element in the Metaverse. Many applications of NFT are in chain games, which can be regarded as a part of GameFi. In the game, there will be many game props with different attributes, and this is the spirit of NFT. Game players obtain higher economic returns by continuously creating high-attribute props.
But in addition to chain games, NFT has also been applied to many aspects, such as the art market, celebrity limited edition cards, and so on. The emergence of NFT has made many artists see the gospel. The art market, which was originally flooded with pirated works, is driven by NFT to use blockchain technology to curb piracy and protect the vital interests of original authors. In the future, the art market will migrate more towards NFT. Now Ali and Tencent have released their own NFT trading markets one after another, which has also played a role in promoting this industry.
Social
The topic of social networking has always been the foundation of the development of the Internet. Only when social networking is done well can more traffic be brought. The development of social networking has progressed from text social interaction at the beginning to voice, video and other social methods, all of which are still in a two-dimensional social way. But now that we have reached the metaverse stage, the future social methods will undoubtedly come to the three-dimensional stage.
Just imagine, two people who are separated by thousands of miles can both be in the same scene through the Metaverse, and truly feel the existence of each other. This is definitely possible in the social era of the Metaverse. Metaverse Social has attracted the attention of Facebook CEO Zuckerberg. Zuckerberg said that he will transform Facebook into a metaverse company within five years.
Businesses
Now that the Metaverse has a sound virtual economy foundation, it will only be a matter of time before it becomes commercialized in the future. Back then, Ali used ten years to move its physical stores to the Internet, and now these stores will also be migrated to the Metaverse. Most industries in the existing business system can be realized in the Metaverse, including food, clothing, housing and transportation. Merchants can display their products through the metaverse space to attract players to consume in the real world.
In the metaverse world, we can build our own houses, shops, etc. according to our own ideas. Therefore, owning a piece of land in the metaverse space is a good choice. But now, the plots in the metaverse space have also been highly hyped.
Of course, the development of the metaverse is not without its drawbacks. When more and more people participate in the metaverse, they will become overly dependent on, or even addicted to, the metaverse. I believe that many people have seen the film Inception. The heroine in the film was unable to distinguish between reality and dreams, which eventually caused tragedy. In the metaverse space in the future, there may be similar worries. In the metaverse era, we should not be obsessed with the metaverse, but should focus on the real world.
Undoubtedly, the Metaverse is opening a new era, giving birth to a blue ocean market of over trillions. We are at the cusp of this era, let us seize this opportunity of the Metaverse together!
