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you can in the comments below with the blockchain technology and the decentralization of the online
finance some new paths have been unveiled in the internet world one of the most hyped and
riveting of which is the concept of metaverse many companies took the initiative to have a place in
the metaverse and some of these companies are so big that their impact set the internet for all the
lights in this video we are going to talk about the concept of digital worlds and beyond first
we need to understand what materials is when this term was first introduced in the 90s its vision
was not so different from today's understanding basically it was a virtual reality that was
hardly distinguishable from our real world in our time this is the path that the metaverse
developers are walking on but how close are we to this blurred line between real worlds and the
virtual one already some games that are not even calling themselves meta have been started to plant
the seeds for this online world of connection in the fortnight for example some massive concerts
took place one of which drove more than 12 million players as audience fortnite also shares some dna
with meta wars games in both genres you need to create an avatar that will visually represent you
and in both games you will be rewarded and you can buy and sell items if you want to however
gameplay wise fortnite is an online arcade game metaverse on the other end aims to replace the
real world by mimicking the real things we do and reaching far beyond the limitations of our world
thus their goal is immersion and that's because they are closely related to vr and ar technologies
in such installments you can go to online meetings you can buy some clothes you can
buy some land you can go to gym and much more one of the most important elements of the genre
is that you can earn money you can sell and buy land for example or you can have a job that you
would go on a daily basis or you can sell your nft collection in an exhibition that you opened
and these are some of the reasons why metaverse is closely connected to crypto and decentralized
worlds also the blockchain technology is most likely to be used to connect these small worlds
into a one big metaverse according to some metaverse will be the next big thing after
the internet by replacing it all the connections relationships and online personas some people have
will be transferred to metaverse one of the people who have been so outspoken about metaverse is the
creator of facebook mark zuckerberg his company have been investing into ar and vr technologies
since 2014 by buying oculus the frontier of vr headsets yet recently facebook did cover the
front pages by changing its name to meta if this radical change is not enough to make you believe
that mark zuckerberg is so serious about metaverts let's have a look his explanation on the subject
we've gone from desktop to web to phones from text to photos to video but this isn't
the end of the line the next platform and medium will be even more immersive
an embodied internet where you're in the experience not just looking at it
and we call this the metaverse and you're gonna be able to do almost anything you can imagine get
together with friends and family work learn play shop create as well as entirely new categories
that don't really fit how we think about computers or phones today this isn't about spending more
time on screens it's about making the time that we already spend better screens just can't convey
the full range of human expression and connection they can't deliver that deep feeling of presence
but the next version of the internet can that's what we should be working towards technology
that's built around people and how we actually experience the world and interact with each other
it is clear that he believes as the technology evolves the medium which we use to connect and
interact with the world changes and the next step is going to be the metaverse this is a fair reason
for a company to make such investments also by adopting such a new and promising technology
facebook wants to set itself free from the platforms that it cannot operate without
is being apple and google we still do not know if and when the meta wars will truly come to
life but facebook is sure determined to be the leader company to shape the future of metaverse
right now most metawars projects allow people to trade items and land using cryptocurrencies so
let's have a look at some of the most advanced and popular metawars projects the central and
axi infinity the sandbox and theta network looks like they are the top four popular projects
their market caps are all really high scrolling down we can see there are many projects
that has got huge investments and focus on vr side of the metaverse such as cvr and blocktopia
let's take a look at the central land first the central land has a graphic that generally moves
upwards its market cap is almost four billion dollars let's take a look at the central lens
website and let's read their introduction it says here the central land is a decentralized
virtual reality platform powered by the ethereum blockchain within the decentralized platform
users can create experience and monetize their content and applications like all virtual reality
platforms the central land also uses a special coin for the transactions and it is called mana
mana is decentralized fungible erc20 cryptocurrency token mana is burned or spent
in exchange for land parcels in the market sandbox has really high confidence rates and
can be used with lots of sources lastly let's have a look at some growing projects such as seek vr
and blocktopia seekvr introduces itself as a d5 for artists sports and content creators
and it has a market cap rate of 250 million dollars blogtopia on the other end is more
on the gaming side and they have a similar mark to cap rate with cqr it's 230 million dollars
investment wise these newly established and growing projects can be really good opportunities
so this concludes our video metaverse is a promising and inspirational project
even big brands choose to invest their money in such a new technological advancement
and this shows us that metaverse has the potential to open the gates
to a new virtual and exciting future thank you for watching fintech until next time
you