Metaverse

Metaverse

Metaverse is an umbrella term for the online world where everything is connected. It is a world created by people with the (decentralized) blockchain as the underlying layer. Blockchain technology makes it possible to make digital objects unique and give them value. The Non Fungible Tokens (NFTs) are used for this. You can also no longer make purchases here with old-fashioned dollars or euros, but crypto money is used. In combination with Virtual reality and AI technology, the metaverse has the potential to completely change our way of life. The concept of metaverse was already invented in 1990, but only now does it seem to be technically possible. A well-known virtual world where a lot of experimentation is done with the possibilities is Decentraland.

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Cryptopedia: Metaverse