It is often referred to as Web3 or Web 3.0 because it’s supposed to be one of the key elements of the next generation of the internet.
Feeling confused? Don’t worry - so was everyone. Now let us try to paint a clearer picture.
The metaverse is a collection of 3D virtual worlds where one can socialize, conduct business, go to the cinema, attend events, play, learn, create and so much more. And what’s more is you can do all that from the comfort of your home.
Basically, users can create avatars of themselves and explore the metaverse through a pair of virtual reality goggles.
Sounds like some sci-fi movie, right? Well, the term ‘metaverse’ actually comes from a 1992 sci-fi novel called Snow Crash by Neil Stephenson.
But let’s get back to the topic at hand…
If users can buy properties and goods, run businesses, as well as own, buy, and sell digital assets, they need money. Needless to say that a digital world requires a digital currency, in other words cryptocurrency.
But, how can users get cryptocurrency in the metaverse?
That’s the million-dollar-question we will be looking at in our next article so stay tuned!
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