The metaverse is a virtual digital world in which individuals can explore and earn money interacting with this virtual 3D space through the use of cryptocurrencies.
The term Metaverse has become quite popular in recent years. The term originates from a novel published by Neal Stephenson in 1992, called Snow Crash.
In the novel Snow Crash, human 'avatars' interacted in a 3d world.
“In the lingo, this imaginary place is known as the Metaverse. Hiro spends a lot of time in the Metaverse.”
What does 'Meta' in Metaverse mean?
When Neal Stephenson coined the term Metaverse, it's believed he intended the first part of the word "meta" to mean the idea of transcending reality (as in metaphysics). Today, the term is more often used to refer to 'self-referential' or distinct from the "real-world'.
How Does the Metaverse Work?
The metaverse is a 'virtual place' where individuals via their avatars can interact socially and professionally. As the metaverse grows in popularity and more people enter this virtual space, it may become the dominant place where people spent both their work and leisure time.
Already there are individuals who work and live full time within the metaverse and earn their income from it. As this trend continues, we will likely see the metaverse grow into a dominant domain where people spent the bulk of their waking time.
What Is the Difference Between AR and VR?
There are many terms used and adopted within the metaverse and two popular terms are AR and VR.
What is AR?
The term AR is short for Augmented Reality. Augmented reality is the enhancement or overlapping of visual elements, sounds and other sensory stimuli in real-world settings. AR can be accessed through a smartphone or VR headset.
What is VR?
The term VR is short for Virtual Reality. The metaverse is a virtual reality where everything is virtual and independent of the real world. To fully immerse within a virtual reality, requires a headset device.
How Do I Invest in the Metaverse?
There are many ways to invest in the metaverse. The most popular method is by purchasing a metaverse cryptocurrency (token). Alternatively, if you enjoy interacting within the metaverse, there is the opportunity to build digital assets, from tools, clothing and even virtual businesses within the metaverse.
The most popular and profitable approach many investors have taken to is investing in metaverse land. This land can be bought and sold at a profit or even developed into residences (rented out), business real estate (rented out), or different types of business or service offerings, providing a source of passive income for the owner.
What are the Top Metaverse Projects?
There are currently over 100 different cryptocurrency metaverse projects in different stages of development. It's likely over the next few years, we will see new players dominate the scene. These new players will come from the micro and small-cap markets.
For the most current listing of rising top metaverse projects offering +10x potential, read this article:
Richard Knight
Learn to Profitably Invest in the Metaverse
The metaverse will likely be one of the biggest sectors within the cryptocurrency space and with this growth and adoption will be a lot of opportunities for wealth creation.
Whether you are looking to invest in Metaverse land, participate within the metaverse or engage in developing (metaverse land) by simply holding metaverse tokens, there are many ways to profit from this new and exciting market sector.
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