LOADING...

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.

Discover more terms

Related Cryptopedia

All-time low (ATL)

All-time low (ATL) is a term used when a price reaches the...

Read more

Ledger (two meanings)

A ledger is a commonly used term in the crypto world...

Read more

Software wallet

A software wallet is a kind of digital wallet in which a user's...

Read more

Bitcoin

Bitcoin is the first and most important cryptocurrency. The anonymous Satoshi Nakamoto invented and ...

Read more

All-time high (ATH)

All-time high (ATH) is a term used when a price reaches the...

Read more

Altcoin

An altcoin is an "alternative coin" or a cryptocurrency launched after Bitcoin. The term “altcoin” thus refers ...

Read more

Related blogs

26 - 08 - 24 Knaken

How to easily link an external wallet to Knaken's mobile app?

Linking an external wallet to the Knaken app allows you to manage your cryptocurrency across multiple platforms seamlessly. Whether you’re moving assets for security reasons or integrating with other services, the Knaken app makes it easy to connect your external wallet. This guide will walk you through the process step by step, ensuring your wallet is linked securely and efficiently. Let’s get started!

Read more
26 - 08 - 24 Knaken

How to verify your business account?

Are you ready to verify your business account on Knaken to access all the features? This guide will walk you through the necessary steps for completing your business verification. Let’s get started!

Read more

Ready to discover Knaken?