Metaverse: Are you ready for it?

19 Aug, 2022 19 Aug, 2022 By NEWSHOG By NEWSHOG

Understanding Metaverse

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What is Metaverse?

[{"selector":"#anim-6ab540d0-fe88-449f-bc14-fdda84b7737c [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":2,"duration":6000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-c5abd4d5-5a8a-457f-bcda-2d5055fc3e84","keyframes":{"opacity":[0,1]},"delay":10,"duration":2000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Metaverse is a decentralized ecosystem powered by its own ETP token. It aims to bridge the gap between the real world and the virtual world by using blockchain technology.

Metaverse Ecosystem

[{"selector":"#anim-9a95ac6b-cf0f-46d3-94d2-a7ddb4011a91 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":2,"duration":6000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-77c3d54d-2055-45e9-b4f0-587e47d6db25","keyframes":{"opacity":[0,1]},"delay":10,"duration":2000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Metaverse’s ecosystem includes virtual worlds and services like wallets, exchanges, and blockchain technologies.

[{"selector":"#anim-fae5ac60-8736-481d-9cda-c328baac6d87 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-19.29337382698167%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":2,"duration":6000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-d7ecfe80-4c63-4fe9-b510-b4ac37e8e551","keyframes":{"opacity":[0,1]},"delay":10,"duration":2000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Metaverse is powered by the VeriCoin. This is a decentralized stablecoin that functions like a digital asset. Crypto-based Token of Metaverse

[{"selector":"#anim-93beed10-e74a-4134-b09d-0724e35e5f00 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":2,"duration":6000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-1455ead0-839e-4c5d-be7b-f2ac15a26e44","keyframes":{"opacity":[0,1]},"delay":10,"duration":2000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] The VeriCoin is designed to provide a stable value, maintain prominent levels of liquidity, and avoid price instability.

How Metaverse Works?

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How Metaverse Works?

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Benefits of Metaverse

[{"selector":"#anim-13b0926f-d1ab-4c84-ac08-a47ef9d8fe42 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(7.73607833491078%, 22.123893805309734%) scale(1.4424778761061947)","translate(0%, 0%) scale(1)"]},"delay":2,"duration":6000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-ee816b81-b6f5-41bf-8625-a49f008be256","keyframes":{"opacity":[0,1]},"delay":10,"duration":2000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] One of the most exciting features of Metaverse is the ability to create a decentralized virtual world that connects users and tenants.

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Trust

[{"selector":"#anim-a9f2cc98-34e1-4902-b436-a12f626304c0 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(7.757502187765952%, 22.123893805309734%) scale(1.4424778761061947)","translate(0%, 0%) scale(1)"]},"delay":2,"duration":6000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-7d54f6fa-835d-4d15-adf6-3871a84de6c8","keyframes":{"opacity":[0,1]},"delay":10,"duration":2000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Decentralized platforms like Metaverse are built on the concept of trust among users.

Privacy

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Investment Risk

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Wallet Risk

[{"selector":"#anim-55337257-8db9-48e2-86dc-2d8a9e8f1157 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(7.73607833491078%, 22.123893805309734%) scale(1.4424778761061947)","translate(0%, 0%) scale(1)"]},"delay":2,"duration":6000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-a33d1c35-7484-4a20-a7f0-9bbdaac94176","keyframes":{"opacity":[0,1]},"delay":10,"duration":2000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] The VeriWallet is where you store and use your VeriCoins.

Limitations of Metaverse

[{"selector":"#anim-38d54262-b2ef-439f-a81e-306515f16cf9 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(7.73607833491078%, 22.123893805309734%) scale(1.4424778761061947)","translate(0%, 0%) scale(1)"]},"delay":2,"duration":6000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-21653702-dede-4bc1-908d-a06004c9920a","keyframes":{"opacity":[0,1]},"delay":10,"duration":2000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] One of the most important things to understand about Metaverse is that it is an emerging platform that is still in development.

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[{"selector":"#anim-5f18bf59-350b-43b3-ae9c-a0c45d4085b4 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-7.452923867884813%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":2,"duration":6000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-abf869f1-79e2-4ad6-b7cc-aa1c1e913d52","keyframes":{"opacity":[0,1]},"delay":10,"duration":2000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] The virtual reality industry has grown rapidly over the past few years, fueled by the popularity of products like the Oculus Rift.

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[{"selector":"#anim-b7a43fce-dc84-4f2a-9c6e-25aa5a3bd84e [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-1.167335639672147%, -14.871969394162589%) scale(1.4132231404958677)","translate(0%, 0%) scale(1)"]},"delay":2,"duration":6000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-053a37ff-21f9-4bdf-b0b1-4a77d43dd698","keyframes":{"opacity":[0,1]},"delay":10,"duration":2000,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] With the introduction of Metaverse, a decentralized platform based on the blockchain technology, a new virtual reality ecosystem has emerged.