The Metaverse is a set of virtual realities where people can engage in different activities. Some virtual worlds aim to replace real-life, implementing a vast range of mechanics, professions, items, and interaction
Such a global transformation of human experience will influence businesses in all industries. In this video, we will discuss the history of Metaverse, how blockchain is accelerating its growth, and then will focus on eight ways in which any business can expand into Metaverse.
What is Metaverse?
How Blockchain makes Metaverse economically viable
What are the benefits of Metaverse?
Applications of Metaverse
The term ‘metaverse’ is a portmanteau that combines the words ‘meta’ and ‘universe.’ It is used primarily to refer to an anticipated future iteration of the internet that’s often hailed as Web 3.0.
Blockchain has three vital functions in the fabric of Metaverse. Firstly, it creates an infrastructure for economic activity within these universes. Initially, the in-game economy mainly consisted of marketplaces where players could sell gaming items for an internal currency. Blockchain enables a significantly more expansive number of mechanics in which game objects can be fractionalized, transferred between universes, and linked to a stream of royalties. It enables lending, short selling, issuance derivates, and myriad other possibilities.
Secondly, blockchain is introducing new monetization strategies. Thirdly, blockchain enables participative governance. Due to superior governance, Decentralized Autonomous Organizations are rising in popularity. In the last two years, the market capitalization of top-10 DAO tokens increased tenfold.
Stobox is ready to give you a hand in your exciting adventures in Metaverse and provide advisory on the suitable applications and nuances of their implementation. To assess how we can help you book a 30-minute call with our specialists by filling in the form on our website, stobox.io, or writing us at firstname.lastname@example.org.
Stay tuned, and see you in the next episode!
01:26 What is Metaverse?
04:35 How Blockchain makes Metaverse economically viable
09:04 What are the benefits of Metaverse?
10:09 Applications of Metaverse
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