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Understand all about METAVERSE

We illustrate the internet as follows;

  1. 0 Netscape

Where does Crypto fit into this?

Web 3.0 crypto Metaverses are virtual world economies from emerging markets with a complex mix of continuously developing digital goods, services and assets that deliver real world value to users.

The first Web 3.0 metaverse worlds were typically built on blockchain computing platforms with a number of parts contributing to game development and in-game items that can be freely traded on the blockchain.

Users who buy these items are starting to build a new e-commerce experience. Examples of some of the most popular business activities in Decentraland and other virtual world economies today are:

Art galleries , such as Sotheby’s , were launched, allowing owners to display and sell their NFT digital art at auction.

Business offices : Cryptographic companies such as Binance and others have established digital headquarters in Metaverse where employees can meet and collaborate.

Games and casinos where players can earn MANA .

Advertising : Digital billboards were built by property owners to advertise to players for a fee.

Sponsored content , such as the newly announced Atari arcade, which feature games that can be played on Decentraland.

Music venues where DJs and musicians play music and perform.

These Metaverse Web 3.0 worlds are part of a larger interconnected cryptographic economy. These decentralized protocols interoperate and provide the technical infrastructure to support the Metaverse’s virtual economies.

Payment networks : Web 3.0 metaverse economies can use their own digital currency, such as MANA, or the currency of the single-base cloud encryption platform they are built on, such as Ethereum (ETH) or Solana (SOL).

Decentralized Finance: Decentralized exchanges allow users to trade in-game items, while borrowing platforms allow users to borrow on their virtual land.

NFT Sovereign Goods : Players can buy NFTs from other creators and bring them to other virtual worlds to be displayed or sold.

Decentralized governance : Legal frameworks take control of digital economies away from centralized corporations and allow a global network of Web 3.0 metaverse users to decide the rules of their collectively owned virtual space.

Decentralized cloud : File storage solutions like Filecoin provide metaverse Web 3.0 worlds with a decentralized infrastructure solution for storing data, while services like Livepeer provide virtual worlds with a decentralized video transcoding infrastructure.

Sovereign Identity: Internet-native social reputation coin data (“creator coins”) from other platforms can be transferred to the Metaverse and used for identity or credit scoring.

Metaverse is a digital universe that goes beyond the internet we know today. This vision for the future state of the web has the potential to transform our social interactions, business transactions, and the Internet economy in general. The metaverse is still taking shape, but Web 3.0’s open virtual world cryptographic networks are offering a glimpse of what the future of the Internet could bring.

The market opportunity to bring Metaverse to life could be worth more than $1 trillion in annual revenue and can compete with Web 2.0 companies worth about $15 trillion in market value today. This potential has attracted companies like Facebook to turn to the Metaverse, which could serve as a catalyst for other Web 2.0 technology giants and investors to follow…

BLOCKBR Digital Assets is a fintech that unites technological innovation and digital knowledge, transforming physical assets into digital assets that we call tokens. Creating new financial products for the market in a democratic and decentralized way makes it simpler, as well as more efficient, how people will invest money and learn about new financial products.

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