Fri Feb 09 2024

Metaverse Metaverse

adulto-joven-pie-viendo-aventura-vida-ciudad-ia-generativa.jpg

What is the structure of the Metaverse?

The metaverse is clearly one of the ideas of the century, and we have already talked a lot about the economic, artistic, and social possibilities within virtual worlds. However, few people really know how these worlds work from the inside.

And the truth is that they have many characteristics, ranging from software and hardware to the gameplay of the virtual world. However, conceptually there are a total of 10 elements, all interdependent and necessary to form the identity of the metaverse. Let's see them in no particular order.

Crypto Tokenization and Non-Fungible Tokens

The tokenization of different elements for and within the metaverse is one of the first keys to this type of proposal. The most striking are NFTs because a non-fungible token can be anything, from a plot of land in the metaverse, to an artwork within it, or even your own representation within the virtual world.

In addition, we also have tokens of direct and fungible value, such as MANA in the case of Decentraland. This token, unlike NFTs, can be exchanged on any broker or exchange. They have a volatile value and, if the economy of the metaverse does well, the token will also do well.

Both tokens are key to the internal economy of the metaverse and the project itself.

wepik-export-20240216141120FXOP.jpeg

Interaction Center/Metaverse

This is another key element of the metaverse, a virtual world where players/users can interact. Each metaverse has its own interaction centers, a city, a village, an initial HUB, or something similar.

Interaction centers refer to any place where users can contact other people within the virtual world through voice or text chat. The marketplace is also a good place, but the main one is composed of three-dimensional environments full of avatars representing people.

Developers

Both the tokens and the virtual world where all users interact come from the developers of the project. The team is usually divided into several departments and teams and they are primarily responsible for making the entire project exist.

From their side, they have several tools available to implement within the metaverse and monitor the behavior of tokens in the crypto economy to address any problems that may arise. Communication with users is relevant for the future of the metaverse.

mujer-tiro-medio-gafas-vr.jpg

Decentralization

The metaverse is highly related to blockchain, they are not one and the same, but they really reach their full potential together. This implies the birth of decentralization and that the virtual world itself, its contents, applications, and monetary base do not belong to any entity other than its own users.

Marketplace

The "market" of this entire project is relevant to the project's economy and is related to the ability of users to interact. For many, this is the most important aspect, as they try to profit from all the virtual experiences they access.

In the next element, we will see how they do it, but first you should know that the metaverse marketplace is also decentralized and that all types of tokens are traded, making it the main means for carrying out economic activities that impact your real wallet.

concepto-collage-avatar-metaverso.jpg

Playful Experience

It is no secret that the interactive and visual idea of the metaverse is inspired by video games. Therefore, they have a lot in common, starting with the playful nature of many of the experiences they offer.

The metaverse offers a series of activities, missions, or challenges that, when completed, give you economic resources that can sometimes be exchanged for tokens, NFTs, or other virtual currencies. The idea is to play, have fun, earn tokens, and exchange them for goods to enjoy the metaverse more or directly change them for tokens in the marketplace.

Creation Tools

Finally, creation tools refer to the set of tools that any user can use at any time to generate more content within the metaverse.

That's right, not all content within virtual worlds comes from the developers. There are also buildings, games, art, lands, avatars, songs, and everything you can imagine that comes from the hands of users who are very interested in the project.

It is worth noting that part of this content is free and visible to everyone, while there is other content that is sold in the marketplace, so creation tools are directly related to the economic system of the metaverse.

Related...

main image
How to convert physical art into an NFT?
**Physical art in NFT?** The NFT boom continues to grow and more and more artists are looking for ways to tokenize their art, some in physical form, in order to earn some mone...

1/29/2024

physical art in nft

main image
What is ChatSonic?
If we talk about technological advances, there is no doubt that the development and implementation of artificial intelligence has become one of the most important inventions o...

2/2/2024

ChatSonic

main image
What does Minting NFT mean?
The frequent use of tools and applications makes the meaning of some terms and the difference between them, such as buying/selling and minting/redeeming, blurry. But in this p...

2/1/2024

Minting

main image
What is Synthesia.io?
Synthesia is a startup located in London, this platform generates videos that implement artificial intelligence, as they present a "person", to whom any text can be dictated, ...

2/1/2024

Synthesia

main image
What is Generative Art?
Generative Art is a style of art that involves an algorithmic process to generate new forms, ideas, patterns, colors, etc. It proposes thousands of possibilities for unlimited...

2/2/2024

Generative Art

main image
What is Replika AI Friend?
Artificial Intelligence (AI) is a disruptive technology that has been able to transform the way we relate to technology. Starting from the creation and improvement of algorith...

2/6/2024

Replika AI Friend

main image
What is Chinchilla AI?
Chinchilla AI/ In the world of technology, artificial intelligence has become one of the most important and most relevant aspects currently in the popularity statistics of the...

2/6/2024

Chinchilla AI

main image
Maximizing Technical Support: The Efficiency of Hourly Rates
Over the years, technical support in software plays a fundamental role in the user experience and efficient functioning of computer applications and programs. **In a world whe...

2/6/2024

Technical Support

main image
What is Somnium Space Metaverse?
Somnium Space is a virtual reality (VR) world built on the Ethereum blockchain. With this open-source platform, users can buy land, houses, digital buildings, and a variety of...

2/7/2024

Somnium Space Metaverse

main image
Benefits of Chat GPT-4
Chat GPT-4 refers to the newest version of ChatGPT, it is an open platform artificial intelligence language model, this model helps among other things to process images, text ...

2/8/2024

Chat GPT

main image
Artificial Intelligence (AI) and Software Development: Implications vs Opportunities
Until just a few months ago, the scope of what we know today as artificial intelligence seemed to be just an element belonging to the science fiction genre. However, the amazi...

2/8/2024

Artificial Intelligence

main image
What is Jasper AI?
Jasper AI/ Taking a look at the progress of artificial intelligence, we could say that it is one of the technological advances that has taken on greater relevance lately among...

2/8/2024

Jasper AI

main image
What is the structure of the Metaverse?
The metaverse is clearly one of the ideas of the century, and we have already talked a lot about the economic, artistic, and social possibilities within virtual worlds. Howeve...

2/9/2024

Metaverse Metaverse

main image
Artificial intelligence and Machine Learning in software development
In an environment where technology is constantly evolving, in a global context where hundreds of innovative projects are launched to the market every day, one of the most exci...

2/9/2024

Artificial Intelligence

main image
The Key Importance of Backend Developers in the Success of your project
In the contemporary information technology landscape, software development is emerging as a cardinal discipline that not only drives innovation but also shapes the digital inf...

2/23/2024

Backend Developers

footer bg