Everyone’s talking about the Metaverse these days.
The concept of Metaverse, which means “beyond the universe” by combining the words “meta” and “universe”, actually has a very broad meaning.
The concept of metaverse was first used by Neal Stephenson in 1992 in the science fiction book Snow Crash to refer to an all-encompassing 3D virtual world that mimics, augments, enhances and connects physical reality. Since then, the Metaverse has continued with versions of the concept appearing in Ready Player One, Tron, and The Matrix.
“Behind it are gibberish explaining how to reach him. A phone number and an address for Metaverse…
“Stupid name,” he said as he stuffed the card into one of the hundreds of pockets of his overalls.
‘But you’ll never forget that,’ said Hero.”
This is the first time he mentions the concept of Metaverse in this way his book Snow Crash.
But what is the Metaverse really?
What is Metaverse?
There is currently no universally accepted definition for “Metaverse”, but the internet may have a more complex alternative. It can be defined as a virtual universe with a functional economy where all digital life is interconnected. Of course, the definition is unclear because no one knows exactly what shape it will take.
To truly understand the Metaverse, it is important to understand what it is not. It’s not a game, a piece of hardware, or an online experience. A virtual universe where anyone can exist as a digital asset (avatar) and collect, own, exchange and buy digital items. Once the Metaverse is complete, the goal is to merge our physical reality with the digital world.
What Can Metaverse Be Used For?
Since the concept of Metaverse is relatively new, many use cases will emerge in the future. However, some very promising uses are already being explored, such as going to a virtual concert, taking a trip online, watching or creating artwork, trying on or buying digital clothing. It could be a game changer for home-based work in the context of the coronavirus pandemic. Employees can join their colleagues in a virtual office instead of seeing them on video caller ID. Gathering your colleagues around a virtual table may seem more natural to some people than looking at their thumbnails on Zoom. In fact, it is envisaged that it will be a universe where all the activities of daily life will be carried out. If you’ve watched “Ready One Player”, one of the 2018 movies in which the concept of Metaverse is best visualized, you can imagine a similar structure.In the movie, people were spending time in a digital universe called Oasis, just like in the real world, through virtual reality. In this universe, which was entered with head-seats and special clothes, everyone had an avatar or, just like the robot-generated world of the Matrix, the Metaverse is expected to give people a chance to get lost in a digital world. In other words, Web 3.0, which allows people to communicate with each other online already, and virtual reality, which we are currently familiar with from games, are taken a step further.
Why Was Metaverse So Popular?
One of the main reasons why the concept of metaverse is not forgotten after being discussed and discussed for a few months is the huge investments made by the world’s technology giants in this field. Because everyone in the technology world believes that such a future will exist, and companies do not want to lag behind anyone when this happens.
The latest statements made by Facebook CEO Mark Zuckerberg about investing in Metaverse technology are on the agenda. In his statement, Mark Zuckerberg announced that the parent company name from “Facebook” had changed to “Meta” and was talking about what Metaverse technology would offer to people.
Another reason why the concept of metaverse has come to the fore for the last two years is the Covid-19 epidemic in the world. After the whole world is closed to their homes after this epidemic, all the work is done in the digital world, even people who are far from technology are trying to learn how to do it. The interest in the concept of Metaverse continues to increase with each passing day, as the epidemic continues and it is predicted that it will not end soon.
Where Is the Metaverse Heading? How Can You Join?
Currently, the technology to power a digital universe in which millions of people interact in a shared, simultaneous experience does not yet exist.
It’s worth taking a look at Seul and its efforts to become the city’s first metadata hub to see where the metadata warehouse could go.
Opening in 2023, the “Metaverse 120 Center” will provide consultation and public service currently available only through the Seul City Hall. The city’s leading festivals, such as the Seul Lantern Festival, will also be held on the Metaverse.
Imagine multiple interconnected cities, game universes and other online worlds. You may be wondering how to formulate all this and how you can participate in it.
The good news is that you won’t necessarily need a VR headset to access and interact with the metadata. Computers provide an input just like smartphones and mobile networks. This means you can use the technology to be produced.
Companies Currently Creating Metadata Repository
When Facebook rebranded as Meta, the industry was keen to realign its investments and return to what would build the future. But the question is, who is building the Metaverse?
How do you determine the ownership of an essentially centralized and democratized concept? In Meta’s statements, no company will own Metaverse.
Here are some of the companies currently involved in creating the metadata-base.
Facebook has most of the seven infrastructure elements we discussed that go into creating the metadata store.
The Oculus line of headphones could manage to launch a working prototype in 2-5 years, thanks to its massive social media ad engine and booming creative economy.
Epic Games, the company behind the popular immersive game Fortnite, has always been perfectly prepared to build the Metaverse.
It formalized its intentions this year by announcing a $1 billion funding round to fuel growth opportunities for Metaverse.
Niantic’s Pokémon Go was one of the first immersive experiences to blur the lines between real and virtual.
Now the company has raised $300 million to build its own Metaverse; this will be an alternative to the original idea of the Metaverse as a “dystopian nightmare”.
While Nvidia won’t build a Metaverse of its own directly, it will be an important enabler.
In 2021, it announced Omniverse Enterprise, where creators can collaborate on 3D modeling, design, and simulation. Omniverse lays the foundations for metadata storage by combining 3D graphics with artificial intelligence and supercomputing.
Meanwhile, Microsoft is looking to build a business-oriented metadata warehouse that connects its hugely popular offerings in a digital medium called Mesh.
Inside Mesh you will be able to use Microsoft Teams, Windows and other services in VR.
Apple could be a surprising dark horse in the race towards the Metaverse. He is currently working on advanced VR hardware that could revolutionize the Metaverse experience.
Morgan Stanley went so far as to say that the mass-market adoption of the Metaverse is due to Apple, which is very similar to the smartphone and tablet markets before it.
How to Buy Land from Metaverse?
We mentioned that Metaverse is a virtual world that allows users to create various digital assets or buy and sell these assets through various coins. Like the real world, the metaverse is made up of landmasses.
Each Metaverse consists of a limited number of terrains with a fixed size. For example, Decentraland Metaverse consists of 90,601 (16m x 16m) parcels. Sandbox Metaverse consists of 166,464 (96 x 96 pieces) fields. Users can build these lands by filling them with digital assets (buildings, vehicles, games or any 3D objects) and earn income by renting these assets.
Just as we pay a monetary price (money) when buying any real estate in the real world, the same is true in the virtual universe. However, with one difference; The material costs here are not paid with money, but with coins. For this, you need a valid crypto currency on the platform where you will buy the metaverse plot and a digital wallet that will keep this crypto money.
Places That Sell Metaverse Land
OVR is among the most popular platforms for selling The Sandbox and Decentraland metaverse plots. Here are some other marketplaces where you can buy land in the Metaverse universe:
- Axie Infinity
- Genesis City
- nextearth. io
- Dvision Network
- MatrixWorld Land Sale
Here we will now go through the example of how to get a plot from the popular metaverse platform OVR.
While more than 20 thousand parcels were sold in OVR from Turkey, more than 11 thousand parcels were purchased in Istanbul, mainly on the Bosphorus line. We mentioned that you should have a suitable wallet for Metaverse investment. While the platform that sells virtual land can sell it with its own coin, the land can be purchased with the OVR coin to be sent to the virtual wallet or by connecting to the platform with a virtual wallet.
OVR Metaverse Land Taking Method:
Finally, you can buy land on OVR Metaverse by following the 10 steps below.
- Login to OVR Market official site
- Click the “Register” button in the upper right corner
- Login after you have registered as a member
- Get a metamask wallet
- Get OVR (OVR) Coins to buy land
- Land via plot map choose where to buy
- Check for busy, large and roadside lands when buying land
- Select the parcel you have decided
- Buy land with OVR Coin or Metaverse Coins
- Shape the land you have purchased according to yourself.