One of the most popular topics of recent times is undoubtedly the Metaverse, the Virtual Universe. So, what is Metaverse. It can be summarized as the transfer of almost everything we currently use on the internet to a parallel universe, to a virtual world, parallel to the real world. How will this concept which is also known as the Virtual Universe, affect our lives? What will Metaverse which is seen as the future of the internet, add to our lives? In this article, we will answer these and similar questions. So What is Metaverse? What is Virtual Universe?
What is Metaverse?
Metaverse was first used as a word in Snow Crash, a cyberpunk & science fiction novel written by Neal Stephenson in 1992. Later, its popularity increased with the movie Ready Player One, which was released in 2018. Today, with Facebook changing its name to Meta, it has taken its place among the most popular technology topics. So what is Metaverse? What does Virtual Universe mean?
Metaverse is simply an improved version of the existing internet world, including online games, AR/VR applications, cryptocurrencies, NFT-based artworks, decentralized financial systems, a universe parallel to the real world, a new internet world. Although this world has not yet been built from there, the investments made in this new universe show that life in the metaverse may begin sooner than expected. And everything we do on the internet right now, we will soon be able to do in this virtual world.
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At the moment, we can play games, shop, use virtual money, attend online trainings and meetings over the internet. This internet experience we have with Metaverse will be transferred to the 3D environment. We will now be able to take part in a game with our 3D avatar, browse through online virtual stores, and shop. We will be able to use the virtual currencies we have in these 3D virtual environments. In short, everything we can do on the internet, we will be able to do on this new universe. Here comes the best answer to the question of what is Metaverse. In this context, Metaverse will be our new internet or our new world.
Metaverse and Matrix!
After answering the question of what is the metaverse, let’s go back to the world of movies if you want. Do you remember The Matrix?
As you know, The Matrix is a trilogy that was released in 1999. The following films were included in this trilogy:
• The Matrix (1999)
• The Matrix: Reloaded (2003)
• The Matrix: revolution (2003)
In December 2021, the last movie of the series, Matrix Resurrections, was released. The main subject of these films is a war between the virtual world and the real world. So what is the relationship of the Matrix and the Metaverse? Is Metaverse is the Matrix?
The real and virtual universes, which are the main themes of these films, are similar to the universe we live in today and the Metaverse universe. In the film, the world lived in is viewed as a virtual world. But this virtual world is so realistic that it cannot be distinguished from the real world. Metaverse is not in this reality for now. But increasing data capacities and speeds will perhaps bring the technology to these levels in a short time. And maybe the Matrix will come true.
New Internet: Metaverse!
In 2021, Facebook founder Mark Zuckerberg said that Facebook is a Metaverse company and changed its name to Meta. Metaverse, which had already become popular, became even more popular with this explanation and change. Although Facebook tries to own the word Metaverse with the name Meta, there are actually many companies that have invested in this virtual universe and attach great importance to the construction of this world. The most well-known of these companies are Microsoft, Epic Games, Nvidia and Roblox. So why are these companies investing in this virtual world?
The metaverse universe or virtual universe is viewed as the future of the internet. In fact, it is said that Metaverse will be such a revolution, just as the internet started a revolution. In short, WEB 3.0 is the future of the internet. In addition, the development of WiFi 6 and 5G technologies seems to accelerate the transition to this new internet world, as it will further strengthen our connection with the online world.
Of course, the Metaverse world is a huge world, even the universe. This world is the future of the internet. As such, not only certain companies, but also other companies that are not related to technology in real life, wanted to get a share of this pie and made various investments in this area. Especially companies that want to keep a good relationship with the new generation and want to reach them got on this train a little faster. World-renowned brands such as Nike, Gucci, and Lego, for example, have begun to offer a variety of online store experiences. Although these initiatives are in their infancy for now, in the near future, they may even be able to overtake the real store experience.
In order to clarify this virtual universe a little more, let’s give a little more example if you want. For example, you are walking on a street, you have a high-capacity AR/VR glasses in your eye. Thanks to these glasses, you can see both real objects and virtual objects. There is a real object at the corner, a virtual object next to it. As you know, we sometimes collect objects in games. So how about buying these objects? For example, while you were on the road, you saw Nike’s virtual store or bought a product with your crypto money. There’s nothing where you actually see it, but you gave it a certain amount of cryptocurrencies. The next morning, while sitting at home, your doorbell rang and the product you bought is physically at your door.
Of course, this example is a combined example of the real and virtual worlds. A slightly changed version of the current system. What if I told you that you can only spend on the virtual world? For example, how about buying a cape, glasses or a t-shirt for your avatar in the virtual world? Here, the Metaverse universe will also create the commercial world within the virtual environment it will provide. And if you think about how you gain a certain status by using certain brands, it will be the same in the Metaverse universe. And you will now spend your brand spending in the Metaverse universe as well. Different disciplines carry out intensive studies for these areas. Many areas are preparing themselves for Metaverse, from the designer who designs the costume you will choose for your virtual avatar to the people who sell various accessories you will wear.
This is also true for the art world. Certain artworks are certified as non-interchangeable tokens, short for NFT (Non-fungible token), and you become the owner of the artwork in the virtual universe. Of course, these works of art are in the field of digital art. It can be an image file, a sound, a video, or a moment. In the new virtual universe, the Metaverse, NFTs will adorn the place of the artworks that adorn the walls in real life. You will be able to exhibit these works in your virtual home, office or any space that belongs to you. You can even use NFTs for trading. Today, the volume of NFT trading has reached millions of dollars.
At the moment, apart from virtual and physical products, even land is sold in the Metaverse universe. Metaverse plots for sale by owner. Just like in real life, you will be able to buy land from certain areas and establish various businesses there in the future. This is one of the areas that will make the Metaverse universe even more attractive and increase investment in this area.
Again, online trainings, meetings, seminars, panels and many other similar events can be held on Metaverse. You will be there with your avatar and you will be able to interact with classes and meetings just like in real life. There will even be concerts held this way. The first of these concerts was organized by Travis Scott in Fortnite in 2020. And this concert was attended by 12.3 million players worldwide.
Metaverse and Cryptocurrencies
Cryptocurrencies are one of the most popular investment areas today. This world, which started with Bitcoin and where people are increasingly turning to different cryptocurrencies and altcoins, is one of the sub-areas of Metaverse. Because in the Metaverse universe, cryptocurrencies are considered to be used. In other words, you will be able to spend the crypto money you have in the virtual universe. You will be able to use your crypto investment for both physical products and virtual goods.
Metaverse’s interest in cryptocurrencies isn’t just about spending, of course. The cryptocurrencies of big game companies investing in the metaverse world have also become very popular with the rise of this world. So what are Metaverse companies and their metaverse coins, cryptocurrencies? Here are the Top 5 Metaverse companies and cryptocurrencies:
- MANA (Decentraland)
- ENJ (Enjin)
- SAND (The Sandbox)
- AXS (Axie Infinity)
- ATLAS (Star Atlas)
Of course, apart from these, there are different companies and cryptocurrencies related to Metaverse. If we briefly touch on these, these coins are as follows:
- GHST (Aavegotchi)
- GALA (Gala Games)
- MATIC (Polygon)
- LUNA (Terra)
- SOL (Solana)
- FTM (Fantom)
- KDA (Kadena)
- ONE (Harmony)
- TLM (Alien Worlds)
- ILV (Illuvium)
- FLOW (Flow Blockchain)
These companies are companies that have come a long way in the direction of Metaverse investment. These coins, which have experienced quite a rise with the metaverse term coming to the agenda of the people, can be considered as future investments by making sufficient analysis and calculations. But of course, this is by no means investment advice. It will be better for you to make your investments as a result of professional analysis, graphic evaluations and researches. Because, the world of cryptocurrencies is a world where there are many ups and downs.