Metaverse is a term that is used to describe the virtual world that exists online. This world consists of all the different websites, social media platforms, and other digital spaces where people interact with each other. It is sometimes also referred to as the “matrix” or the “cyberspace”.
What does metaverse mean?
A metaverse is a virtual universe that people can explore and interact with. It’s similar to the real world, but it’s also a lot different. In a metaverse, people can create their avatars or digital representations of themselves. They can explore different worlds, meet new people, and do all sorts of things that they couldn’t do in the real world.
Some examples of the metaverse
A metaverse is a user-created virtual world that exists on the Internet. It is similar to a physical world in that it has its own economy, culture, and social structure. However, the metaverse is not constrained by the laws of physics, making it possible to create environments and experiences that are not possible in the physical world. Metaverses are used for a variety of purposes, including social networking, gaming, and education.
Metaverse market size
The metaverse is still being defined, but it already can spark the next round of digital disruption. More than $120 billion has been spent on developing the metaverse’s technology and infrastructure in the first five months of 2022. That is more than twice the $57 billion that was invested in 2021 as a whole.
Crypto projects in the metaverse
The current crypto market on Metaverse is near about $11B as of August, 2022.
Axie Infinity (AXS)
Theta Network (THETA)