Metaverse
Last updated
Last updated
A Metaverse is a novel concept that is best defined as a shared virtual environment that participants access via the internet. Metaverses are born out of the combination of different technologies, including aspects of social media, gaming, virtual reality and cryptocurrencies. None of these aspects can form a Metaverse by itself. Instead, it is the interaction between them that can form one.
Other recurrent features of Metaverses are the convergence of physical and virtual worlds, the existence of an internal economy and the ability to transfer digital assets between different spaces within the Metaverse.
Metaverses integrated with the Multiverse Bridge gain full compatibility with any connected chains. Digital assets on those chains can then play specific roles in that Metaverseβs associated applications and games. Via this described compatibility, an on-chain asset could become an avatar on a social media platform or a playable character in a game.