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Frequently Asked Questions About Metaverse.pdf

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Frequently Asked Questions About Metaverse.pdf

  1. 1. FREQUENTLY ASKED QUESTIONS ABOUT METAVERSE 101blockchains.com
  2. 2. What Is the Metaverse? The Metaverse is a virtual world that uses blockchain technology, augmented reality, virtual reality, digital assets, tokens, etc. It’s a virtual space created to increase the users' online experience. As it will include sensory elements, users will be able to interact with digital objects similar to the real world.
  3. 3. What Are the Use Cases of Metaverse? Finance Gaming Fashion Marketing Art Galleries Virtual Shows Architecture Property Ownership
  4. 4. What Are the Important Elements of The Metaverse? Web 3.0 Blockchain Protocols NFTs Games Cryptocurrencies/Tokens Augmented Reality (AR) Virtual Reality (VR) Mixed Reality (MR)
  5. 5. What Is the Role of VR And AR In the Metaverse? Virtual reality (VR) and Augmented reality (AR) will play a huge part in offering an immersive experience for the users of Metaverse. With virtual reality, the users can see the Metaverse using the headset. It will give a full 360-degree view of the Metaverse. On the other hand, AR glasses will be able to connect the Metaverse with the real world. Here, AR will project the digital objects into the real world, and people will be able to interact with them.
  6. 6. Is The Metaverse Real? Metaverse is still a theoretical concept in the broader sense. Some NFT based games have introduced virtual worlds where users can move and explore using their avatars. However, it does not require the use of VR and AR technologies yet. Although it’s not been predicted when the Metaverse will become fully functional many companies are already working on it. It may take time to see it fully materialize.
  7. 7. What Will the Metaverse Look Like? The Metaverse will look like a 3D or a digital version of the internet. Users will be able to dive into the Metaverse using their VR headsets and interact with animated objects, buildings, streets, office spaces, events, and many more. Although, at this moment, companies are more interested in making their own Metaverse like Facebook. But in the future, we will see a common virtual world with every companies own Metaverse in one place.
  8. 8. What Is the Facebook Metaverse? Facebook has changed its parent companies name to ‘Meta’ for creating their very own Metaverse with services that Facebook offers and even more additional features. It will be a 3D iteration of Facebook for its users. Using the Oculus headsets of Facebook, anyone can develop their own avatar and explore their animated virtual world. It will also offer more privacy, security, and new terms of use for the people.
  9. 9. What Is a Metaverse Company? Decentralization is a main feature of Metaverse. It means no single entity or company will have dominance over the virtual world. The possibilities of a Metaverse company include having a digital company space within the world. Here, users will be able to interact with their services. Interoperability needs to be integrated within these companies to offer all users a better and safer experience. However, until the Metaverse is fully functional, no one can envision what a metaverse company will look like.
  10. 10. Is Microsoft Mesh a Part of The Metaverse? Yes, Microsoft Mesh will be one of the technologies that will help create the Metaverse. Microsoft Mesh is a work-centric virtual space. It will help companies or individuals to create an ecosystem for sharing experiences from any place in the world. It will help create a workplace within the Metaverse where users will just have to log in with their avatars. This way, employees won’t have to commute to work anymore.
  11. 11. What Are the Epic Games Metaverse? Epic Games is another huge name that is investing in metaverse technology. Sony has funded Epic Games with $1 billion to create their very own Metaverse. Metaverse was one of the dream projects of the co-founder of this company. With the help from Sony and other technological revolutions at this age, the company can finally create an open standard metaverse.
  12. 12. What Are the Top Companies investing in The Metaverse? Roblox Corporation Facebook Epic Games Microsoft NVIDIA
  13. 13. What Are the Components of The Metaverse Environment? Infrastructure Human Interface Decentralization Spatial Computing Creator Economy Exploring Experiences
  14. 14. Who Creates the Content for The Metaverse? Companies who are working on VR, AR, MR, or any extended reality solutions will play a large part in creating content within the Metaverse. Also, companies working on holograms, 3D models, blockchain will also help create content within the Metaverse. With proper tools, users can also take part in the content creation within the Metaverse, especially developers.
  15. 15. :) $ How Is the Metaverse Different from The Internet? The internet we now use uses a client-server model, which is centralized. For, Metaverse to work, it needs to be decentralized. This means we will see web 3.0 in use to create the Metaverse network structure. Therefore, the web 2.0 that we use today will become obsolete and focus more on peer-to-peer interactions than user to the server.
  16. 16. How Will NFTs Be Used in The Metaverse? NFTs or non-fungible tokens will offer added benefits for the Metaverse. With NFTs, you can turn any type of asset into a token. This token will be unique in nature, and it will contain the data for the ownership and when and who created it. This will help many industries to monetize their assets and individuals to sell their own created tokens on marketplaces, creating a booming economy.
  17. 17. Metaverse and multiverse have different concepts, but they are also linked with one another. To create the Metaverse, multiverses will be necessary. For example, as companies are already creating their own metaverses, these will all vary from one another. This will create different worlds where people are explored. By connecting these different virtual worlds, we can create the Metaverse. Is The Metaverse a Multiverse?
  18. 18. How To Create a Metaverse Persona? It will depend fully on the Metaverse itself. In theory, you will need a form of unique identification, which you can create using NFTs. Users are free to do what or how they want to look like or which name they want to be called with. The appearance, habits, etc., will all factor into your persona in the real world. Users may need to buy customized wearables or skins, but it will depend on the users themselves.
  19. 19. Can Anyone Access the Metaverse? With the right tools, anyone can access the Metaverse. The Metaverse is envisioned as a free space where everyone can join in and interact with one another. However, for this to happen, governments will need to offer better internet facilities, and users will need to get access to certain devices such as VR headsets to enjoy the Metaverse. But at the moment, no one is restricted from entering the Metaverse.
  20. 20. Learn More About Metaverse FAQ Metaverse Fundamentals Course https://academy.101blockchains.com/courses/ metaverse-fundamentals Introduction to DeFi Course https://academy.101blockchains.com/courses/d efi-course NFT Fundamentals Course https://academy.101blockchains.com/courses/ nft-fundamentals Tokenization Fundamentals https://academy.101blockchains.com/courses/to kenization-fundamentals
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  25. 25. The presentation is not intended to provide any investment advice and should not be taken as such. Claims made in this presentation do not constitute investment advice and should not be taken as such. Do your own research! While the information contained in this document and presentation has been obtained from sources believed to be reliable, 101 Blockchains disclaims all warranties as to the completeness or accuracy. Although 101 Blockchains research and training may address business, financial, investment and legal issues, 101 Blockchains does not provide any business, financial, legal or investment advice and this training should not be construed or used as such. 101 Blockchains shall not be responsible for any loss sustained by any person who relies on this presentation. Disclaimer
  26. 26. Thank You © 2022 101 Blockchains. All rights reserved. This document may not be distributed, transmitted or reproduced in any form or by any means without 101 Blockchains’ prior written permission. While the information contained in this document has been obtained from sources believed to be reliable, 101 Blockchains disclaims all warranties as to the completeness or accuracy. Although 101 Blockchains research may address business, financial, investment and legal issues, 101 Blockchains does not provide any business, financial, legal or investment advice and this document should not be construed or used as such. 101 Blockchains shall not be responsible for any loss sustained by any person who relies on this publication.

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