How to Enter The Metaverse?

The Metaverse is the latest buzzword in the tech world. While there are varying definitions of this nebulous term, the popular opinion is that the Metaverse is a network of 3D virtual worlds focused on social connection. Crypto pundits call it the next iteration of the internet, and big tech giants are trying to lead the way.

As exciting as all of this sounds, some might struggle to find their way into a Metaverse platform, particularly non-crypto natives. Therefore, we have curated this guide to help you understand the current trends in the Metaverse and how you can gain entrance into this new world.

What Is Metaverse?

The Metaverse term was initially coined by author Neal Stephenson in his dystopic cyberpunk novel Snow Crash back in 1992. In his book, Stephenson described the Metaverse as a 3D virtual reality dataspace accessed via individual terminals and reality goggles that feature VR headsets and Oculus Quest. 

This definition still largely holds true today. However, with the development of new technologies throughout the years, this nebulous term has also taken some minor twists and turns. 

Even so, the Metaverse is essentially considered a virtual world that allows users to dive into the digital space and do almost everything that can be done in real life. This can range from real estate, entertainment, and sports to relationships. 

What Metaverse can you access now?

The Metaverse is not fully in existence yet, though there are some platforms that contain almost all the necessary elements of a Metaverse. As of now, blockchain-based games provide the closest Metaverse experience on offer. Some of these projects include:

Decentraland

Founded in 2017, Decentraland is the first Metaverse built, governed, and owned by its users. The platform features various areas where people can meet and even party. Decentraland’s growth has been quite impressive, selling a piece of property inside its virtual world for a staggering $2.4 million.

Axie Infinity

Axie Infinity is an NFT online game similar to the popular role-playing game Pokémon in terms of game mode. The game implements the play-to-earn mechanism and is created on the Ethereum blockchain. In the Axie Infinity Metaverse, players can truly own, buy, sell, and trade assets they earn in the game.

The Sandbox

The Sandbox is a virtual world where players can build, own, and monetize their gaming experiences. This Metaverse game is also built on the Ethereum blockchain and enables users to own in-game assets and properties, as well as to play and build in the virtual world.

How to Enter The Metaverse?
Source: Freepik

What Do You Need to Access the Metaverse?

On the surface, users need a PC in order to gain access to the Metaverse. However, depending on the Metaverse and its requirements, other tools might also be needed. Some of these include:

  • Avatar

More like “profile pictures,” avatars depict digital trademarks in the virtual world. For example, they can be characters in video games that epitomize users as they carry out activities in the Metaverse.

Typically, these avatars can be regular 2D images used as direct profiles on social media and other online events. However, with the constant evolution of this space, digital avatars can be 3D images that give a more realistic and immersive experience for viewers connecting with them.

  • Tokens

Metaverse and Play-to-Earn (P2E) platforms usually have one or two native tokens that govern their network. Users are sometimes required to hold these tokens if they want to participate in their ecosystem. 

  • VR Headsets

The most common means of accessing the Metaverse is via VR headsets. Ultimately, that is the only tool that can help us fully experience the Metaverse.

  • NFT

Short for non-fungible tokens, NFTs are unique images, videos, or audio embedded into a blockchain. These innovations can inject ownership and an element of scarcity into the Metaverse, making the ecosystem even more valuable and fun. 

The majority of Metaverse platforms, especially the ones related to gaming, require participants to own an NFT in order to join. For instance, players need at least three Axie NFTs to play Axie Infinity.

Can anyone access the Metaverse?

The short answer is “Yes.” Everyone can join the Metaverse at any time from anywhere in the world. That is because the Metaverse is usually built on a public blockchain like Ethereum, which makes it open and censorship-resistant. 

How to Access Metaverse Without VR?

Although VR and Metaverse are interwoven in many areas, you can still access some Metaverses without VR. Additionally, many projects are coming up with new ideas to sidestep the need for VR tools. One notable example is PORTL M, which gives users access to the Metaverse using a two-way interactive holographic system.

Why Do You Need Access to The Metaverse?

The Metaverse connects people and allows them to socialize in a virtual world from the comfort of their homes. It also enables employees and colleagues to get in touch at a high level while working remotely. 

Among many other benefits are money-making opportunities. The Metaverse allows users to transact, buy, sell, and trade goods and services. It also offers creators and digital artists an extra source of income.

Entertainment and social network

The Metaverse has the power to disrupt and improve the entertainment industry in many ways. This is largely evident from the recent boom in blockchain-based play-to-earn games that have their own Metaverse. 

Likewise, the impact of the Metaverse on social events will be diverse and can change the way we experience live events such as music concerts, meetups, and even sporting events. For instance, people who are unable to attend events physically, like those with disabilities or sick ones, can use the Metaverse and have nearly the same experience as people who attended in person.

Investments possibilities

The platforms trying to develop the Metaverse, like the Sandbox, Roblox, and Decentraland, offer a wide range of opportunities for prospective investors. For one, users can purchase the native token of these platforms and enjoy a decent appreciation if their Metaverse proves to be a success. 

Aside from buying tokens, with platforms like the Sandbox, users can also purchase lands and properties, which would also appreciate in value over time if the Metaverse turns out to be a hit.

How to Enter The Metaverse?
Source: Freepik

Final Words

The Metaverse has become a global sensation discussed each day by millions of investors, gamers, 3D creators, and digital artists. The idea is so lucrative that some big companies, including Meta, have devoted millions in funds to invest in the industry. This can easily suggest that the Metaverse has a promising future. 

If you intend to take advantage of this new world and invest in some promising projects, then all you need is GamesPad. Learn how to get started in this comprehensive tutorial

Disclaimer. This material should not be construed as a basis for making investment decisions or as a recommendation to participate in investment transactions. Trading digital assets may involve significant risks and can result in the loss of invested capital. Therefore, you must ensure that you fully understand the risk involved, consider your level of experience, investment objectives, and seek independent financial advice if necessary.

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