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What is The Metaverse?

• by System
• Wednesday, August 31, 2022

Metaverse, one of the most intriguing technologies in the crypto world, brings together the virtual world and the real world for people.

With devices that can connect to the Internet, it has now become very easy to engage in 3D virtual universes or simpler applications, and to trade there as in real life, thanks to blockchain technology. Since the interest in these projects is increasing, metaverse projects are also among the top earners in the crypto world in recent months. Metaverse games and platforms are developing and attracting more and more users.

What does metaverse mean?

English “meta” and “universe” The concept of Metaverse, which consists of the combination of words, is "virtual universe" in Turkish. or “"the universe” known as. For the first time in 1992, Neal Stephenson's "Snow Crash" in the cyberpunk genre. the concept mentioned in the novel, the virtual reality of people in the novel; and described a digital space that they accessed using a fiber optic network. The cryptocurrency world has taken this concept to another dimension and given it a new meaning.

History of Metaverse Concept

In 1992, Neal Stephenson's cyberpunk novel “Snow Crash”; The concept of metaverse, which we heard for the first time in the novel, has recently gained a lot of popularity in the cryptocurrency world. Although the concept of metaverse, which we begin to hear often, has been moved to a new dimension with the cryptocurrency world, its origins actually go back much further. For example, the Second Life game released in 2003 was a second world where people exist in the virtual world with their own avatars, and in 2013 it reached more than one million users. Second Life is defined as the first metaverse game with this feature.

Minecraft, one of the most popular video games in history, is another of the well-known metaverse games. Roblox, which was released in 2006, can also be counted among the well-known metaverse games.

Nowadays, games like this one reach a much more advanced structure on the blockchain and offer a world and financial structure in their own right, with the support of cryptocurrencies.

Today's Most Popular Metaverse Games

Today's most popular metaverse games include Axie Infinity (AXS), Decentraland (MANA), MyNeighborAlice (ALICE), The Sandbox (SAND), Alien Worlds (TLM) and Bloktopia (BLOK) ) are included.

Axie Infinity (AXS): A blockchain-based battle game owned and operated by players, Axie Infinity is designed with inspiration from Pokemon and Tamagotchi. AXS allows players to collect, upgrade, fight and trade token-based creatures known as Axies that can take various forms. Axie Infinity, which has a game model called play-and-win, gives players the opportunity to earn money while having an enjoyable gaming experience. Players can monetize AXS tokens created on Ethereum on exchanges. Axie Infinity, strong Due to its community and rapidly rising success, it also functions as a social networking and business platform.

Decentraland (MANA): Decentraland is a 3D metaverse platform consisting of 90,601 parcels of land. In Decentraland, which is run on the Ethereum network, users can buy and sell virtual properties in the form of NFTs or build their own world on these properties called LAND. They do this with MANA, an ERC-20 token.

MyNeighborAlice (ALICE): MyNeighborAlice (MNA) metaverse game, where players can buy virtual islands as NFT with ALICE, an ERC-20 token, on which they can build their own farm and find collectibles. and offers a world where they can communicate with other players via their avatars. The ALICE token can also be used to earn staking rewards on the MNA ecosystem. In addition, token holders have the right to participate in the decentralized management process in the development and growth stages.

The Sandbox (SAND): Created by the Pixowl company, The Sandbox is quite different from traditional games. The Sandbox is a metaverse game that offers the player the opportunity to create their own universe on a piece of land using various resources such as water, sand. As this universe expands, the value of the piece of land may increase.