WHAT’S VIRTUAL LAND?
Virtual land refers to digital spaces within virtual worlds that are represented by non-fungible tokens (NFTs) on a blockchain. These virtual lands are often created within blockchain-based virtual reality (VR) platforms such as Decentraland, Somnium Space, and The Sandbox.
“GameFi” is a term that refers to the convergence of blockchain technology and gaming. It combines the concept of decentralized finance (DeFi) with gaming, enabling gamers to earn cryptocurrency rewards by participating in games or other gaming-related activities.
What is NFT (Non-fungible token)?
NFT stands for Non-Fungible Token, which is a type of digital asset that is unique and cannot be replaced by something else. It is essentially a digital certificate of ownership for a specific piece of digital content, such as artwork, music, videos, and more.
Fiction on Metaverse
The concept of the Metaverse has been a popular topic in science fiction for many years. Some notable examples of fiction that explore the idea of a virtual world
In science fiction, the “metaverse” is a hypothetical iteration of the Internet as a single, universal, and immersive virtual world that is facilitated by the use of virtual reality (VR) and augmented reality (AR) headsets. In colloquial usage, a “metaverse” is a network of 3D virtual worlds focused on social and economic connection The Metaverse refers to a hypothetical future iteration of the internet that is fully […]
THE TECHNOLOGY OF THE METAVERSE
The technology of the Metaverse refers to the various tools and platforms that are being developed to create a fully immersive, virtual world. This technology involves a combination of hardware and software that is designed to allow users to interact with each other and with virtual environments in real-time.
Criticism and concerns on Metaverse
These are just some of the main criticisms and concerns surrounding the Metaverse, and it is important for developers and policymakers to address these issues as they work towards creating a functional and responsible virtual world.