Everyone wants to own the metaverse including Facebook, But what exactly is it?

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metaverse

The metaverse has been a hot topic of conversation recently, with Facebook and Microsoft both staking claims. But what is the metaverse? And when will it get here?

“Right now, we are on the cusp of the next internet” and all actions are going digital. To have an authentic digital identity is very crucial. Is Metaverse letting us do that? Let’s discover 

What Exactly is Metaverse ? 

It’s a combination of multiple elements of technology, including virtual reality, augmented reality and video where users “live” within a digital universe. Supporters of the metaverse envision its users working, playing and staying connected with friends through everything from concerts and conferences to virtual Games and trips around the world.

When can we expect to see it?

Mark Zuckerberg, the CEO of the newly named Meta (formerly Facebook), estimates it could take five to 10 years before the key features of the metaverse become mainstream. But aspects of the metaverse currently exist. Ultra-fast broadband speeds, virtual reality headsets and persistent always-on online worlds are already up and running, even though they may not be accessible to all.

What are some examples of it?

The crypto gaming sector and the evolving play-to-earn (P2E) framework clutched with Blockchain and Metaverse is the potential future. Moreover, Reputed Blockchain game firms, major institutional investors, and NFT creators have been looking to annex plots in the Metaverse. However, MANA and SAND, the chief virtual world tokens, remained saviors of the falling global crypto cap over the past two weeks.

VLaunch: This is a metaverse project that has been creating immense hype in the crypto ecosystem. Also, VLaunch is supported in Ethereum, Binance Smart Chain, Phantom, and Polygon blockchains. 

The total supply is at 50 million with a deflationary mechanism. Also, The token’s nesting period is locked for 12-months, advisory tokens are also locked for 12-months. And community tokens are unlocked. The platform hosts major prominent investors holding the asset.

Crypto v/s Zombie

It is a crypto tower defense game, which requires players to multitask in offensive and defensive modes. It is based on the unique play to earn and competition to earn models. This is the first competition to earn a competitive tower defense game built on the Balance Smart Chain.

Legends Of Elumia

The metaverse project enables users to collect, create, and play NFTs. It is built on the Solana network, for quicker, less expensive, and more secure transactions. 

The NFT characters and goods are available for purchase, play, and exchange. Tokens for governance and in-game money development are now underway with a fully functional server and game infrastructure.

Pacific NFT: Pacific NFT is a decentralized NFT marketplace, as well as a custodial platform for metaverse and gamefi assets. The platform is Initial NFT Offering, it combines with IDO. The platform gives a crowdfunding alternative for companies looking to raise funds and effectively manage their communities.

It enables users to create their own decentralized NFT exchange, which is a pacific store. That will allow developers to use a blockchain-based digital asset application to develop related dApps. overall, The platform hosts feature such as Browsing, Ranking, INO, Wallet, and more.