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What is the metaverse and how to enter the metaverse

By Wayne Ingram
Aug 8, 2022
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The metaverse is a concept of a persistent, online, 3D universe that combines multiple different virtual spaces. It is somETHing like an evolution of the internet. The metaverse will allow users to work, meet, game, and socialize together among other various functions in these 3D spaces. Because the notion of the metaverse is so enticing, it is common for people to wonder: how to enter the metaverse?

While the metaverse is not fully in existence, some platforms contain metaverse-like elements and features. For example, video games currently provide the closest metaverse experience possible. Developers have pushed the boundaries of what a game is through hosting in-game events and creating virtual economies. Video games are therefore an online place for gamers worldwide to socialise and interact with one another.

What is the metaverse?

As mentioned earlier, the metaverse is a concept of an online, 3D, virtual space connecting users in all aspects of their lives. It would connect multiple platforms, similar to the internet containing different websites accessible through a single browser. This concept was initially proposed in the science-fiction novel Snow Crash by Neal Stephenson, but it may soon become a reality.

The metaverse will be driven by augmented reality, with each user controlling a character or avatar representing themselves in the metaverse. You can carry out all the functions that you are able to carry out in the real world. For instance, you might take a mixed reality meeting with an Oculus VR headset in your virtual office, finish work and relax in a blockchain-based game, and then manage your crypto portfolio and finances all inside the metaverse.

The metaverse is a platform that will combine economies, digital identity, decentralized governance, and other applications. All these features provide blockchain and cryptocurrencies the potential to power this future technology.

Crypto in the metaverse

While gaming provides the 3D aspect of the metaverse, crypto can offer the other key parts required, such as digital proof of ownership, transfer of value, governance, and accessibility.

When we transfer and purchase virtual items in the metaverse, we have to show ownership in a safe manner. This is where cryptocurrencies and blockchains fit right in. This is because blockchain is a decentralized and transparent way of dealing with the issues at hand.

For example, when you carry out transactions, your blockchain wallet instantly shows a transcript of all previous transactions on the block. This establishes a digital identity and proof of ownership. Moreover, through NFTs, we can create objects that are 100% unique and can never be copied or forged. This is to prevent scammers making a living in the metaverse.

Among many other functions, blockchains most importantly serve the purposes that we need to carry out to run the metaverse like how we run society.

How to enter the metaverse

As mentioned earlier, there is not a singular, collective metaverse in our world yet. However, there are some prominent projects that resemble the concept of a metaverse. SecondLive and Axie Infinity are among such examples.

In Conclusion

With the evolution of crypto and blockchain, a completely decentralized world that is governed by itself may be possible in the future. Big companies such as Facebook, Microsoft, Apple and Google are strong supporters of the metaverse.

How to enter the metaverse? It is extremely simple to join platforms that already incorporate certain characteristics of the metaverse. Such platforms make use of cryptocurrencies, NFTs and blockchain to govern itself.

Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of BitKan. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. BitKan shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. Products mentioned in this article may not be available in your region.

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