April 29th 2020

@btcreadCharles J Read

Growth Strategist for Bleeding Edge Technology Companies. Writing about cool tech stuff.

During the past few months – with the world locked at home and forced online to socialise, traits of the Metaverse have rapidly evolved and begun to redefine the way that people will interact online forever. Despite that, most people still haven’t heard of the term. So, what does it mean?

The Metaverse is a collective virtual shared space, created by the convergence of virtually enhanced physical reality and physically persistent virtual space, including the sum of all virtual worlds, augmented reality, and the Internet.

Described by some as the next version of the internet, the Metaverse is starting to take shape in numerous game spaces on the internet. During the Covid19 global crisis, the way that we interact socially has completely shifted online..

It doesn’t stop there though, and where we start to see more traits of The Metaverse is in playing games like Animal Crossing – New Horizons. Selling a record 5 million copies in March of its apparent Capitalism Simulator, in which new players are given a mortgage and made to pay their bills!

Then of course there is the Travis Scott concerts in the weird and wonderful world of Fortnite – where over 12 million concurrent players watched Travis in game, bought merchandise and skins, and even streamed to separate larger audiences. This was a monumental feat and really demonstrates how ahead of the curve Epic Games are when it comes to metaverse building.

This sets precedent for some incredible things. The most innovative and creative of those amongst us will soon have to tools to build entire worlds, showcase whatever they can imagine and monetise their imagination to their audience.

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