The document discusses the metaverse, which is a virtual space where individuals can interact using virtual, augmented and mixed reality technologies, as well as blockchain. It identifies key elements of the metaverse like Web 3.0, blockchain protocols, NFTs, cryptocurrencies, VR, AR and MR. These technologies will allow for a decentralized internet and new ways to connect, interact and conduct transactions. While several companies are working on metaverse projects, full development is still needed as mass adoption of this new virtual world will take time.
2. What is
METAVERSE?
Metaverse is a virtual or digital space where
individuals can interact with one another. It’s a
combination of virtual reality, mixed reality,
augmented reality, blockchain technology, and so on.
Many companies are already working on various
projects; however, it will still need time to get fully
developed.
3. Elements Of METAVERSE
Web 3.0
01
BLOCKCHAIN Protocols
02
NFTs
03
GAMES
04
CRYPTOCURRENCIES
05
Augmented Reality (AR)
06
Virtual Reality (VR)
07
Mixed Reality (MR)
08
4. WEB
3.0
WEB 3.0 &
BLOCKCHAIN PROTOCOLS
Centralised servers to Decentralised
network systems.
User can connect with each other
without any third parties.
5. NFTS &
CRYPTOCURRENCY
NFTS will become a method of
payment. It allows user to exchange
assets.
Cryptocurrencies will be the main
source of value within the system.
6. VR, AR and MR
Augmented Reality (AR) enhances the
real world using imaging, sounds,etc.
Virtual Reality (VR) creates a different
virtual world. To experience VR, head
mounted Displays are needed.
Mixed Reality(MR) merges VR and AR.
So users can interact with both digital
and physical objects.
8. Future Of
Metaverse?
Metaverse is still far behind in giving full experience to
the users. After proper integration of Reality systems,
users will be able to fully utilize the metaverse and it's
service.
Metaverse could be the second world where people
can socialize, play games together, work,etc. However
mass adaption takes time.
