In November, Metaverse Group, a virtual real estate firm located in the real-life city of Toronto, splashed out $2.5 million on 116 blocks of virtual land in Decentraland’s fashion district.
Read moreWhere did the term metaverse come from?
The term metaverse can be traced back to Neal Stephenson and his dystopian cyberpunk novel Snow Crash . The novel was released in 1992, and it’s considered a canon of the genre, along with William Gibson’s Neuromancer, which describes a virtual reality dataspace called the matrix.
Read moreWhat is metaverse and how it works?
What is Metaverse and how does it work? Metaverse is a term that is formed by combining the two different words including Meta and Universe. It is basically a digital space in which digital objects and things represent the digital people .
Read moreWhat is metaverse used for?
The metaverse is basically a representation of an immersive 3D virtual world where users can interact with different spaces as their digital avatars . Just like the real world, the metaverse can allow users to move around different metaverse spaces as their digital avatars.
Read moreIs metaverse and Facebook the same?
Those plans are now coming into focus: Facebook is now called Meta , and it’s not just a social media company, it’s a metaverse company. And as the new name implies, Meta wants to win in this space, just as Facebook won in social media.
Read moreDoes metaverse replace Facebook?
Two months after its buzzy name change from Facebook, Meta announced a further leap into the “metaverse” Thursday , making the beta version of its multiplayer virtual reality game downloadable to all American and Canadian adults for free.
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