What is Metaverse? A World Created by Virtual Reality How to Use the Metaverse?

It is formed by combining the Greek word "meta" meaning beyond and the English word "universe" meaning universe. It means "beyond the universe". The concept was coined by American writer Neal Stephenson in 1992 in a science fiction novel titled Snow Crash. It is possible to encounter such fictional universes based on virtual reality in many other science fiction novels.

The Metaverse, which we've been hearing a lot about lately, is a digital sharing and communication platform created by merging virtual worlds. This technology, which is increasing in popularity day by day, is referred to as the most popular innovation of the internet world and makes the utopian idea of an alternative universe possible.

What is Metaverse, What Does It Mean?

It is a combination of the Greek word "meta", meaning "beyond", and the English word "universe", meaning "universe". It means "beyond the universe". The concept was coined by American writer Neal Stephenson in 1992 in a science fiction novel called Snow Crash. It is possible to encounter such fictional universes based on virtual reality in many other science fiction novels.

What Does the Metaverse Mean?

Metaverse refers to a fictional universe parallel to physical reality where users can exist and interact through characters called avatars of their choice. The Metaverse gives us the opportunity to find ourselves in a digital universe and build a new life through virtual reality or augmented reality.

Where is it used?

Virtual reality technology is currently mostly used in games, but in the near future we may encounter this technology in different areas of life. Thanks to this fictional universe, we will be able to create a three-dimensional avatar and perform many daily activities such as working, going to concerts, shopping, etc. in virtual universes.

Cryptocurrencies and the Metaverse

Cryptocurrencies, another popular investment today, played a big role in the creation and sustainability of the Metaverse. On the NFT platform, where digital artworks are offered, sales are made with these cryptocurrencies and the artworks are protected in these fictional worlds. At the same time, Metaverse provides the opportunity to use a digital asset in the fictional universe thanks to blockchain technology. Cryptocurrencies allow the Metaverse to have its own economy, just like in the physical world.

How did the Metaverse become so popular?

The main reason is that many technology companies are pioneers in the Metaverse and see this technology as the future of the internet. Leading technology companies such as Facebook, Epic Games, Microsoft and Sony Electronics believe that the internet will take on a different dimension with the Metaverse. For this reason, companies are making breakthroughs to be at the center of this future.

COVID-19 Pandemic and the Metaverse

One of the reasons why the Metaverse has become so popular recently is the COVID-19 pandemic. The pandemic, which emerged in the last months of 2019 and took effect all over the world as of 2020, has turned everything about our daily lives upside down. We started to carry out our work, education and many other activities from our homes and digital environments. For this reason, the idea of an alternative universe like the Metaverse started to seem more feasible. In addition to giant technology companies, small investors have also taken their place on this platform.

Buying Virtual Land from Metaverse

Lands are seen as the most lucrative investment in the Metaverse. These digital plots are strategic investments that can appreciate in value over time, just like in the physical world. Users can generate passive income by buying, selling or renting the assets. This requires a valid cryptocurrency on the platform and a digital wallet to hold the cryptocurrency. If you want to buy a piece of land, you first need to decide on the platform where you will buy the land.

The world is changing, we are changing, and what we once could only dream of is slowly becoming part of our lives. The Metaverse is one of them. In the not too distant future, perhaps our only reality will be the Metaverse that we create with our own hands, and we will not be able to believe in any other reality. Considering the pace of innovation, it doesn't sound impossible at all.