Recently, there has been much talk in the tech industry about the Metaverse; this mode is the vision for a new, decentralized internet that utilizes blockchain to create virtual worlds. But what are those words actually means? And why should you care about this new technology? What is Metaverse, What are its benefits and security concerns?
What is Metaverse?
Metaverse is a blockchain-based virtual world that allows users to create, own, and monetize their digital assets. Metaverse is also home to a number of decentralized applications (dApps) that run on its blockchain.
Metaverse was founded in 2017 by Eric Gu, a serial entrepreneur who also founded Viewfin, a FinTech company that specializes in blockchain technology. Metaverse is headquartered in Shanghai, China.
As of June 2019, Metaverse has a market capitalization of $41 million and a daily trading volume of $1 million.
What Is The Virtual World (Metaverse) Like & How Do You Get There?
The virtual world is a constantly evolving place where people can interact with one another in a variety of ways. There are many different types of virtual worlds, but they all share some common features. For example, most virtual worlds allow users to create avatars, or digital representations of themselves. These avatars can be used to explore the world, interact with other users, and participate in various activities.
Virtual worlds often offer a wide range of activities for users to enjoy. Some virtual worlds are designed for specific purposes, such as education or business training. Others are more general in nature and provide a variety of entertainment options, such as gaming, social networking, and shopping. No matter what your interests are, there is likely a virtual world that caters to them.
In order to access a virtual world, you will need to download and install special software on your computer. This software will allow you to connect to the server that hosts the virtual world and create an avatar. Once you have created an avatar, you will be able to explore the world and interact with other users.
What are the Benefits of Metaverse
Some of the key benefits of the Metaverse include:
-A more immersive and engaging online experience: The Metaverse will provide a more realistic and lifelike experience than traditional 2D web platforms. With avatar-based interactions and virtual reality capabilities, users will feel like they are truly present in the Metaverse.
-A more efficient way to do business: The Metaverse will offer a new way for businesses to operate online. Virtual storefronts, meetings, and conferences will allow businesses to save time and money while still interacting with customers and partners in a highly immersive environment.
-A level playing field for all: The Metaverse will be open to everyone regardless of location or economic status. All users will have access to the same rich pool of resources and opportunities.
-A more secure online environment: blockchains technology will make the Metaverse a more secure place to transact business and interact with others.
Security Concerns in the Virtual World
In the virtual world, security concerns are very different from those in the physical world. In the physical world, we are concerned with things like keeping our belongings safe from thieves and protecting our bodies from attackers. In the virtual world, however, we are more concerned with things like keeping our data safe from hackers and protecting our identities from fraudsters.
There are a number of ways to keep your data safe in the virtual world. Most common is to use VPN. Another way to keep your data safe is to use a secure browser extension such as HTTPS Everywhere. This extension encrypts all of your traffic so that it cannot be read by anyone except for the website you are visiting.
Identity theft is also a concern in the virtual world. fraudsters can use your personal information to impersonate you online or even commit financial crimes in your name. To protect yourself from identity theft, you should never share your personal information with anyone unless you trust them completely. You should also be careful about what personal information you share on social media and other public websites.
If you even follow all the precautions, it is important to remember that there is absolutely no way to make yourself 100% secure. Even if you take all of these precautions, there is still a chance that your data could be stolen or your identity could be compromised.