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WHAT IS THE METAVERSE?
The Metaverse could replace the real world in terms of relevance.
It's a world of endless, interconnected virtual communities where people can meet, work, play and enjoy entertainment.
Metaverse technology is a core feature of Web3 and will be built using blockchain systems. It will be run by a network of computers around the world rather than a single entity.
You will use crypto for the Metaverse to purchase any products or services. It will also have built-in privacy and security.
The internet would be decentralized sans tech giants in the future of Web3. We could be looking at the rise of new social platforms, search engines, and marketplaces built and owned by the collective, rather than by a corporation. End users would reclaim their power and control over their own data.
Web 3.0 will be the foundation for the metaverse. It will consist of blockchain-enabled decentralized applications that support an economy of user-owned crypto assets and data.
Global spending in the Metaverse could reach US$5 trillion by 2030, according to a new report from international consulting firm McKinsey & Company
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