What is the Metaverse?

MetaverseTechnological innovations and developments are connecting distinct aspects of the financial, virtual, and physical worlds. We can access anything we want just within a few clicks on our devices. The crypto and blockchain ecosystem is a unique and disruptive space. Blockchain games, NFTs, and crypto payments all share in the development of what we call the “metaverse.” But what is the metaverse, and how does crypto fit into this concept? Let’s take a look.The term “metaverse” is used to describe the future iteration of the internet. It is made up of persistent, shared, online 3D virtual spaces that are linked into a virtual universe. It connects multiple platforms, just like how the internet connects different websites in a single browser. Originally, the concept was developed in a science-fiction novel Snow Crash, written by Neal Stephenson. It used to be a fictional idea. But, with technological innovations, it could soon be a reality.The metaverse concept is driven by augmented reality. Some of the aspects of the metaverse can be seen in virtual video games like Second Life, Fortnite, or work socialization tools like Gather.town. They bring together elements of our lives into the online world. These applications are not the metaverse, but they are related to it.Metaverse has not fully come into existence, but we are starting to see the growth of what could be the foundation of a future metaverse reality. For example, in addition to gaming and social media, the virtual world connects economies, decentralized governance, and other applications. Valuable items and currencies can be created and developed in a single united virtual space. Sound familiar?As the metaverse concept is related to 3D virtual reality, video games provide the closest virtual experience to the users, because they offer various features that can intersect with some aspects of our lives.For…