Metaverse is a new digital platform that connects users through a shared metaverse, or online 3D world, using Blockchain and digital identification technology. Metaverse uses the power of Blockchain to connect individuals in a digital arena, allowing them to construct, interact, and transact in a more efficient, secure, and cost-effective manner.

Metaverse aspires to establish a digital environment that is open, inclusive, and fair, where anybody may express themselves, make relationships, and produce value. Metaverse offers a new generation of online services and experiences, thanks to its technical base of Blockchain, digital identity, and virtual reality.

What is Metaverse?

The term "meta" alludes to "beyond," while "verse" refers to the "universe." Furthermore, some individuals use the term metaverse to refer to virtual worlds in which players can travel and interact with one another; for example, a world where developers can create buildings, parks, signs, and other items that do not exist in reality. It has massive hovering overhead light shows and well-known neighborhoods (where the rules of three-dimensional spacetime are ignored, and free-combat zones where people can go hunting and kill each other).

Why has the popularity of metaverse increased?

During the COVID-19 outbreak, people's lifestyles changed dramatically, and students began taking online classes and working from home. This shift in the working environment necessitated ways to provide real-world experience while working or learning at home. Facebook changed its name to Meta in October 2021 to reflect its goal of creating a virtual world, or metaverse.

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Whether Blockchain is necessary for metaverse?

The metaverse is a broad idea, and blockchain technology, like other new technologies, is expected to play a role. It is a collection of several technologies like machine learning, AI, VR, and Blockchain that have been brought together to work in harmony and revolutionize how we interact with the internet.

The metaverse is a three-dimensional virtual reality realm where users can interact with digital objects and each other in a fully immersive environment. The metaverse is infinite, continuous, real-time, self-contained, interoperable, and decentralized.

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This article is written by Shubhada Pande

First published on www.blockchainshiksha.com