Metaverse Investing: How nfts, Web 0, Virtual Land and vr are Going to Change the World as We Know It

Introduction

“Metaverse is the future.” If you are interested in internet technologies, you have probably heard that phrase before. Is it true? Should you care? Both Mark Zuckerberg and Bill Gates have answered that question with a resounding yes. Facebook's Zuckerberg has even rebranded himself to fit the new territory. So indeed, the metaverse is the next big thing—what people who missed the
"Web 2.0 train" have been waiting for.
The idea of a metaverse has been around for a while. The term was coined by Neal
Stephenson in the 1992 novel Snow Crash. In the novel, protagonist Hiro meets a skateboarder who refers to herself as “Yours Truly.” The two strike up a partnership and start conspiring against the government and mafia. Once the metaverse is fully realized, this scenario could easily be a Sunday afternoon activity for us.
Thankfully, technology is catching up to the idea, making the metaverse an increasingly important concept. Virtual reality (VR), Artificial intelligence (AI), and blockchains are all examples of pieces of the metaverse slowly coming together. Funding and R&D from big names will be one of the final pieces of the puzzle. It seems we may be on our way. As part of their Metaverse initiative, Microsoft is creating business tools. They aim to enable businesses to create virtual and augmented reality environments where employees can meet using its software products, such as Microsoft Teams. In the meantime, Facebook is working with Nongovernmental organizations (NGOs) worldwide to keep the foundation of the metaverse ethically sound.
Now you might be thinking, “Isn’t living through your avatar in a virtual world already a thing?” You’re absolutely right. Second Life, for instance, is a classic example of a virtual world with its own culture and financial system. This is why it has come up in discussions about the metaverse. The metaverse we are discussing today, however, is a broader concept. The process involves entering cyberspace with VR glasses and fully interacting with the surroundings as if they were in person. In that case, Second Life would be part of the metaverse and not a metaverse in and of itself.
Mark Zuckerberg describes the metaverse as an embodied internet, which implies the metaverse will be an upgrade to the internet as we know it, perhaps going so far as to replace it. Tim Sweeney, the founder of Epic Games, follows a similar approach. He says that he imagines the metaverse to be “a kind of online playground where users could join friends to play a multiplayer game like Epic’s ‘Fortnite’ one moment, watch a movie via Netflix the next.”
The tech giants clearly have a vision of the internet's future, and the metaverse is going to play a crucial role. It may not be at our doorstep just yet, but Web 3.0 is definitely around the corner, with technology advancing at a rapid pace. The metaverse is already home to a number of people working on content, selling virtual land, and more.
Cryptocurrencies have become more popular than ever before, and are becoming a more respected investment tool. Consequently, the concept of making money from the metaverse is also becoming more prevalent.
In this book, we will dive deep into the metaverse. We will cover technology, philosophy, economics, and more, so you will be equipped with all the knowledge you need to take part in this revolution.
Now, without further ado, let's tackle the question of what exactly is the metaverse.
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