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The Slow March Towards the Metaverse

Introduction

In Neal Stephenson's Snow Crash, he paints a picture of the Metaverse - a virtual world that is inhabited by humans. This world is in many ways similar to the world we live in today, but with one significant difference - people can traverse it using VR headsets and avatars. While this may have seemed like science fiction when the book was published in 1992, I believe we are slowly marching towards this reality. In my latest Web3/Meta keynote, I compare what was built decades ago with what companies are prototyping now. Even industry leaders can see that the march to building mass-market 3D virtual Worlds has been long and slow, but I believe we are getting closer than ever before!

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Development

One of the key components of the Metaverse is virtual currency. In Snow Crash, this currency is known as "moolah" and is used to purchase goods and services within the virtual world. Today, there are a number of different virtual currencies in existence, but I believe that crypto currencies have the potential to become the de facto standard in the Metaverse. Crypto currencies offer a number of advantages over traditional fiat currencies, including decentralization, immutability and increased security. In addition, crypto currencies can also be used to power decentralized applications (dApps) which could potentially revolutionize the way we interact with the internet.

While the Metaverse may still seem like science fiction to some, I believe we are slowly but surely moving towards this reality. With the advent of virtual reality headsets, avatars and crypto currencies, we are one step closer to realizing the vision of the Metaverse. Who knows - in a few years time, we may all be living in a virtual world!


web3-and-metaverse-opportunities

This content is accurate and true to the best of the author’s knowledge and is not meant to substitute for formal and individualized advice from a qualified professional.

© 2022 Metaverse Developer

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