The metaverse is the future — but are current platforms failing users?
As things stand, many big brands and A-list celebrities are scrambling to get involved with the metaverse — but the platforms in the market are failing to meet the moment. The metaverse has potential to transform the way we work, socialize, party and even do business — but looking at the infrastructure that exists right now, and some would accuse this industry of running before it can even walk.Many virtual worlds are making bold promises about what they plan to achieve in the years to come, yet lack a tangible product people can try out now. Even those that have launched often suffer from....
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People can have a better knowledge of the Metaverse and Web3 by learning how to utilize Minecraft. What is the Metaverse?The Metaverse is a term coined by Neal Stephenson in his 1992 science fiction novel Snow Crash to describe a future virtual reality-based online world. Some have gone as far as pronouncing Stephenson’s novel a prediction of the future.Before you agree that it’s some mystical peek into the future and invoke the rules of time travel, let’s first investigate what the Metaverse is through the lens of something much more accessible: Minecraft. But, more on this later.Unlike....
Ericsson, the Swedish telecom hardware and services company, has linked the use of new technologies, such as 5G, with the use of metaverse platforms. According to a study, users that have 5G data services have been spending more time in the metaverse and extended reality apps, and believe these will migrate to headsets in the next two years. Ericsson Study Reveals 5G Is a Metaverse Enabler A recent study issued by Ericsson, the Swedish telecom giant, deals with the effects powerful data transmission tech — like 5G — have on the adoption of metaverse and extended reality tech. The study,....
According to a new report from Grayscale, the rate of active Metaverse users increased by 10X between the start of 2020 and June 2021. Crypto investment giant Grayscale has published a bullish report on the Metaverse, estimating that the “market opportunity” for bringing the Metaverse to the mainstream may be worth over $1 trillion in the next few years. The November report titled “The Metaverse, Web 3.0 Virtual Cloud Economies” was authored by Grayscale Head of research David Grider and research analyst Matt Maximo. The duo explores the burgeoning sector primarily from the perspective of....
The metaverse is fast becoming a household name. The innovation behind virtual reality has been around for a while and is only now starting to gain ground. Most of the current success of the metaverse can be attributed to the growth of gaming in the space that has seen players earn while enjoying this blossoming virtual reality. However, as more projects come out, it has begun to be a repeat of the same thing, with users in the space becoming bored with repetitive titles showing little creativity. Primarily, there have been those who have found success with these same tedious systems, but....
Is Bitcoin failing as a new currency? It's never said outright, but it is implied, inferred, or subject to innuendo. The rhetoric is coming from many of it's earliest and most ardent supporters in the corporate world, but are they right? Are they just being impatient that it is not growing fast enough for the demands of their stockholders? Are they mismanaging their business plan, being dependent upon Bitcoin's US dollar value? Do they have a point? Is Bitcoin itself the problem? Is Bitcoin failing, or are we failing Bitcoin? First, let's review the rhetoric, which has gained momentum over....