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The Hitchhiker’s Guide to the Metaverses

What’s Metaverse? Why do we need it? How to invest in it? This guide will help you to learn everything about Metaverses.

Metaverse Guide

What’s now happening in the Crypto Universe is impossible to predict. Everyone is waiting for crypto winter to end. And investors can’t agree on what assets now are the best for investments. Many experts are saying that crypto trading today has too many risks. No one even knows what awaits Bitcoin in the future.

Investing in Metaverse

Despite everything, Metaverse tokens are showing positive results and growth in price no matter what. Of course, like crypto, these tokens are volatile, and it’s possible that they fall down for no reason, like Bitcoin. Still, many investors consider this asset as a promising one. Metaverses are quickly developing in various directions, and now they are drawing attention from huge enterprises. So their tokens have everything they need to become a successful investment.

If you want to learn more about Metaverse projects 2022, you should check out this article.

The creation of Metaverse

The word “Metaverse” first appeared in an old book, “Snow Crash,” written by Neal Stephenson in 1992. In his novel, the author came up with the idea of ​​a virtual world where people could communicate using a special sphere called the Metaverse. Using digital avatars, people could do the same things as in the real world: work, order pizza, visit a psychologist, and so on.

This crazy idea would have remained in science fiction books if it wasn’t for Mark Zuckerberg, who decided to make it a reality and popularize it all over the world.

What is the Metaverse?

It is a virtual space in which people can interact with each other and with digital objects through their avatars using VR technologies. Interaction can take place with the help of different devices like usual laptops or VR glasses, for instance.

A good example of the interaction between the Metaverse and the real world is the movie called “Ready Player One.” Just skip the poverty and bad life described in the film — real Metaverses are meant to make our lives better in reality and in the meta.

Major brands are already entering the Metaverse. For example, fashion house Gucci held an exhibition in the Roblox Metaverse where people could visit several locations in the “Gucci Garden’’. Adidas has not only acquired land in the virtual world of The Sandbox but also launched its NFT collection.

Giants such as Burberry, Samsung, Coca-Cola, Nike, and even the AMC TV series “The Walking Dead” have joined the Gala Games ecosystem, allowing gamers to own land, earn and find assets, and trade with other players.

What are Metaverses made for?

1. Entertainment

Gamers should be number one fans of Metaverse — it can give them the effect of complete immersion. Play-to-earn games are especially popular now in Metaverses. They allow users to earn money while playing. We have a whole article dedicated to these projects, you can read it here.

2. Business

In Metaverse, there are opportunities not only for gaming but also for work. You can buy a piece of land there — you will receive a non-fungible token (NFT) which can help to promote your brand.

Or for instance, there is a possibility of developing a special Metaverse for doctors, for example. There they will be able to give consultations and examinations to people from all over the world.

3. Education

Also, Metaverse is a perfect place to study new things. It can simulate almost any situation, and it connects students and teachers. Just think about the new way of studying that Metaverse can offer! A history student could see everything that happened in the past with his own eyes, or a fan of literature may speak with the author of his favorite book. We talked more about education and blockchain in this article.

Legal Aspects of the Metaverses

Regulations in Metaverse

It’s quite simple to control Metaverses — developers can create some set of rules or a user agreement that we should agree on in order to log in the system.

However, with the growing popularity of the Metaverse concept, governments might want to look closer at whether a set of rules comply with laws.

Can governments influence Metaverses?

Probably. If administrators violate public interests: the safety of life and health of citizens, security of the state, environmental protection, etc. The simplest example is that the metaverses will have to comply with privacy laws. Otherwise, they can be blocked.

Official restrictions for the Metaverses

If the concept of Metaverse becomes popular, there will definitely be restrictions. For example, there might be a limit on the amount of time that is allowed to be spent in the Metaverse. Like in China — there are rules on the amount of time spent in video games for minors: one hour on Friday, Saturday and Sunday. The virtual world might become more interesting than the real one.

Restrictions on authorization in the Metaverse are also quite possible. To pass it, it may be necessary to provide a passport or other data. There will certainly be requirements for the developers and managers of the Metaverses themselves.

Final thoughts

Now we hear almost at every corner that the “future is coming”. We read about earning millions on NFTs or about how people buy expensive pieces of land in non-existent worlds and organize entire exhibitions there. Sometimes it’s hard to understand how new concepts are working, and how we can use them. This guide should help you understand Metaverse better.

Don’t forget that the easiest way to buy or exchange coins is to use SimpleSwap services.

SimpleSwap reminds you that this article is provided for informational purposes only and does not provide investment advice. All purchases and cryptocurrency investments are your own responsibility.

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