- No. Metaverse is a virtual universe in three dimensions. It employs the ERC20 standard token and is built on top of the Ethereum network (MVT). Developers can use it to create decentralised applications on top of the platform.
- In the virtual world, 3D means that the blockchain is responsible for everything. Everything on the blockchain is immutable, which means that once something is added, it cannot be removed. It also implies that everyone can check if the material is accurate or not.
- Players can create their own virtual world by owning parcels or land. Virtual galleries, casinos, and events are already being constructed. Consider this: everything that exists in the physical world will exist in the Metaverse as well.
- Attend a virtual meeting and see your coworkers as if they were in the same room as you. Horizon Workrooms has already done so with Meta's Horizon, which uses virtual reality (VR) to give consumers a dreamy meeting experience.
Read More: Why is Facebook so interested in having a metaverse?