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Interest in blockchain-based virtual worlds is hitting all-time highs, inspiring many to ask, what exactly is “the metaverse”? This article will study the metaverse, what it is, why it's essential, and some of the trends to look for in 2021.
The term "metaverse" can mean different things to different people. However, the common ingredients remain the same. They include blockchains, cryptocurrencies, Non-Fungible Tokens (NFTs), and the three realities:
AR takes a real-world environment and overlays virtual objects into it.
MR goes further than AR and anchors virtual objects to real-world environments.
VR allows users to immerse themselves in an entirely artificial digital environment.
While we're at it, we should also mention Extended Reality (XR), an umbrella term covering all three of the above alternate realities.
Now that you're...