Beginner’s Guide to Entering the Metaverse

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Without a doubt, a recent trend and buzzword in the Web3 space has been “Metaverse”. When Facebook changed its name to Meta, the term took the mainstream media by storm and got people excited.

The Metaverse has no single agreed-upon definition, but is generally described as an alternate virtual reality in 3D space. People in the metaverse can attend virtual events, shop, meet celebrities, friends, and more. and even start a business and earn a full-time income.

What is the Metaverse?

The metaverse uses digital currencies and non-fungible tokens (NFTs) for the operation of its economy and for the open ecosystem and environment, which can be explored by users.

The Metaverse exists on the Web3 and blockchain ecosystem. All one needs to enter the Metaverse is a compatible device and an active internet connection. Notably, recent innovations are pushing the boundaries of virtual reality (VR) and augmented reality (AR) of the metaverse.

The usefulness of the metaverse

As a 3D virtual world, the Metaverse opens up many possibilities for users. Some of the most popular utilities in this virtual world are events, concerts, and activities like shopping and partying.

Various brands and companies have used the community building and monetization aspects of the metaverse. Retailers like Samsung, Adidas, Gucci, Tommy Hilfiger and Louis Vuitton have opened their outlets on popular Metaverse platforms such as The Sandbox and Decentraland. Banking giants – HSBC and JP Morgan – are also jumping on this trend and opening branches within the Metaverse.

Another popular utility of the metaverse is the earning factor, where people are presented with different earning opportunities. A prime example of this is real estate within the metaverse which allows people to purchase plots or blocks of land which can then be rented out to organizers and other companies for monetization. Users can also sell their land if the value increases.

The metaverse breaks down physical barriers

The metaverse goes beyond physical barriers and offers everyone the opportunity to explore different parts of the world and socialize and interact with other people from all over the world in one place. It allows them to meet and greet brands, celebrities, and even friends, which might be somewhat unlikely in real life.

This concept supports a virtual economy where users have the opportunity to start a business, network with other entrepreneurs around the world, earn and enjoy many events.

The Metaverse also provides opportunities for developers and virtual architects with more job opportunities as it continues to grow.

How do I access the metaverse?

Two of the most popular Metaverse platforms are The Sandbox and Decentraland.

Decentraland was an early pioneer of the Metaverse which opened in 2017 and it is built on the Ethereum network. Decentraland not only allows users to buy, rent, and sell land, but also allows them to explore casinos, attend concerts, shop, and more. Famous companies such as Samsung, Walmart, Atari Casino, DKNY, Forever 21 and many more are only featured on Decentraland

The Sandbox is Decentraland’s biggest competitor and is a 3D Ethereum metaverse. It uses NFTs and Voxels to develop 3D elements into a more blocking art style. It turned into a metaverse in 2018 and has featured big names like Binance, Adidas, and even rapper Snoop Dogg over the years.

Both companies also offer full-fledged metaverse creators, allowing users to create 3D models that can be bought and sold on the marketplace. They can also create gigs, build buildings, develop games, etc.

Users can get started on the Metaverse by going to these websites, creating an account, and linking their wallets. Once your avatar has been created and personalized, you can enter the metaverse.

Besides Decentraland and The Sandbox, some popular Metaverse platforms you can be a part of are Cryptovoxel, Roblox, and Somnium Space. Even games like Minecraft and Fortnite have been described as a metaverse due to the nature of in-game 3D space combining with non-game elements.

The future of the metaverse

The Metaverse isn’t slowing down its development anytime soon. Herds of users enter the metaverse and seek to enrich and expand it. It also opens doors for people to earn passive income and with the turbulent times due to the COVID-19 pandemic, the Metaverse has shown that people can stay connected without leaving home.

This story was written in partnership with Linx Games

Linx Games is a blockchain game distribution community platform for gamers and developers to interact, socialize, and exchange ideas.

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