Author: Cautron Software

Real Estate Sales in Metaverse are at an Astonishing Level

Buying land on the metaverse, which tries to bring the physical world to the virtual world, has become fashionable nowadays. It is obvious that metaverse plots, whose land values ​​compete with physical plots, will increase in value in the future.

The fact that Facebook changed its name to meta has helped people use the word metaverse more and somehow bring it into their lives.

However, while platforms are generally seen to create a reconstructed universe without being based on the real world, some platforms develop a universe based on the real world and purchase land and metaverse parcels.

To give an example, a company named Atari SA paid $4.3 million for a 24*24 metaverse parcel within the metaverse application called Sandbox. Another example is Metaverse Group purchased a plot of land for $2.43 million through the Decentraland application.

What Is the Use of Buying Land in MetaVerse?

Of course, if we compare it with other physical land purchases, it is aimed to build income-generating structures such as concerts, shopping centers, hotels that can be built in the metaverse world, even if it is not a tangible thing, and to bring high income and earn income when the metaverse world starts to attract visitors.

How Is The Land Price Determined?

Currently, it is known that the only criterion that can evaluate the price in real terms is the investment value. If it is made for the person, institution or organization whose value is to be calculated, a price is determined based on his/her situation, risk perception and expectations. However, there will be other factors that will affect these pricing in the future.

How Is Payment Made?

The land purchase is usually provided with a crypto currency determined by the application, but can also be paid with NFT depending on the situation.

Which Brands Are Buying Land in Metaverse?

It is known that brands such as Nike, Pepsi,  Balenciaga, Samsung, Wallmart, Zara, H&M, Mercedes Benz, Coca&Cola, Adidas, Gucci, BMW, Google will start to open their own stores in the metaverse.

 Questions answered by the blog:

• What Are the Examples of Land Purchase in the Metaverse?
• What is the Use of Buying Land in Metaverse?
• How Is The Land Price Determined?
• How is Payment Made?
• Which Brands Are Buying Land in Metaverse?

NFTs Will Become North Star on the Metaverse and Beyond

NFTs may seem like art and collectibles digital objects which can be bought with crypto currencies, but they are much more than that. In fact, it is obvious that NFTs will make more sense for businesses and investors in the future and will be adopted more.

However, we all know the word metaverse and what it means (realistic virtual world) and its potential. Metaverse parallels the real world. Real world communications, Finance, Game worlds, personal information and NFTs will also be parts of this virtual world. Particular interest in NFTs allows NFTs to become an ossified structure in the Metaverse world. The entry of NFTs into the metaverse world through blockchain games is only one way for NFTs to enter the world of the metaverse.

Available for Your Identity on Metaverse – NFTs Role in Metaverse

You know that NFTs are known as non-exchangeable tokens. If we were to use this feature of NFT in the metaverse, it would be used for authentication in the metaverse. Due to the immutability of the blockchain, NFTs are the #1 technology that can decrypt identity theft in the metaverse. And also NFTs are very compatible for being items in metaverse. They can take the real items place in metaverse even such as furniture for houses or gasoline for cars, or cars themselves. So it can be easily state that NFTs are very important parts for metaverse.

Questions Answered by the Blog:

• What is the Role of NFTs in the Metaverse?
• What Are NFTs Used For In The Metaverse?

In order for an idea or a new technology to enter our lives, its commercialization is of great importance. Technologies with very high costs in the beginning become available to users together with large companies.

Today, the term metaverse is one of the words we hear a lot. He is mentioned a lot in blogs, news and social media. Metaverse is at the target of companies with the potential it brings. So what are these companies?

Google

In an interview, Google CEO Sundar Pichai defined the meta-universe as “a computer that evolves in 3D with augmented reality”. Unlike other companies whose prototype was announced in 2015, Google had done a lot of work on augmented reality with its own product, Google Glass.

Google focuses on connecting the two worlds with augmented reality, which combines the digital and physical worlds far more than a virtual one.

Meta

Meta (Facebook) is one of the leading companies in metaverse development and also one of the first to invest in it. The company has shown its interest in this matter by changing its name from Facebook to Meta.

The company bought Oculus VR, one of the first virtual reality companies, in 2014, when the metaverse was not that popular yet.

Knowing the importance of many technologies that come with Web3.0, Meta has started to develop Diem, a crypto money payment system that can be used in a possible metaverse.

Microsoft

Silicon Valley companies generally tend to enter an industry with sequential and divergent developments. The first project developed by Microsoft on the metaverse is the application called Mesh for Teams, which was released in 2022. It has emerged as a result of the increased work from home method during the pandemic. With Mesh for Teams, virtual office experience is aimed with standard devices and VR glasses.

Binance

Binance, as one of the largest cryptocurrency exchanges in the world, has a very important place in topics such as crypto and blockchain. For this reason, it is an important company regarding Web3.0 and metaverse, especially in terms of finance. It helps build the infrastructure needed for the new financial systems and payment methods that come with the Binance metaverse.

For example, Binance NFT Marketplace provides an environment for buyers and sellers to buy and sell their NFTs on different blockchains. This helps to increase the interoperability of different metaverse projects and provides support for metaverse projects especially in terms of financing.

Epic Games

Epic Games is one of the leading companies in the metaverse with its Fortnite game and Unreal Engine. Although Fortnite first emerged as a “Battle Royale” type game, later on, with the improvements such as avatars and free design mode in the game, it has become the prototype of the concept of metaverse, although not the full metaverse that users can experience.

At the same time, Unreal Engine, the game engine they developed, supports users in metaverse design. The game engine, which has developed over the years, allows to make more realistic and detailed designs day by day.

Tencent

Tencent, one of the world’s largest video game companies, also owns the social networks WeChat and Tencent QQ based in China. Both of these platforms are supportive for the development of Metaverse. Tencent QQ provides a mobile payment application that can be used on social media thanks to WeChat, along with the game, e-commerce, music, movie and voice chat features on its portal, and Tencent actually offers an infrastructure that can be transferred to the meta universe. Tencent senior executives emphasize that game infrastructures are of great importance, especially in metaverse development.

Questions Answered by the Blog

• Which companies are working on the metaverse?
• Does each company create its own meta universe?
• Why was Facebook renamed Meta?

Metaverse is the reflection of the real world in the digital world and also as a conceptual part of the new generation internet called web3, which includes all the services offered by this decade’s internet web2.

Metaverse and Multi-Metaverse

One of the most common debates about the metaverse is whether there will be a single metaverse or will it be a combination of multiple metaverses. Web3.0 and metaverse terms are quite intertwined with each other. The existence of a secure functional meta universe is possible with the possibilities offered by Web3.0.

Just as the existence of a single authority is not welcome in the real world, so will the digital world. In fact, the desire for a decentralized economy that triggered the emergence of cryptocurrencies and it applies to the metaverse as well. For this reason, the user-based decentralized internet created by Web3.0, decentralized funding tools such as cryptocurrencies and artificial intelligence form the basis of the meta universe.

There are two different future projections for the functional metaverse. The first is a future where different meta-universes are connected to each other, where each user creates their own meta-universe, and the other is a single-universe model where users make their own designs at different points in a single meta-universe.

Advantages and Disadvantages

• The existence of a single universe facilitates the integration of different concepts. It provides easy transition between thematic universes for users.

• Since the existence of a single universe requires a lot of collaborative work, it is a more difficult model for companies and individuals to develop, especially due to data privacy.

• In the multiverse model, when each user enters a meta-universe, he may have trouble transferring his avatar to other universes.

• The existence of a single universe will require a lot of protocols and standards, but it is more advantageous in terms of user convenience.

• If there is a multiverse, each universe will have its own standards and rules, so it will be difficult for users to be included in the possible metaverse.

Questions Answered by the Blog:

• Is the Metaverse a single virtual universe?
• What is Multi-Metaverse?
• What are the advantages and disadvantages of the multi-meta universe?

What is metaverse? – Metaverse is a hypothetical part of the new generation internet as a reflection of the real world, which is generally accessed by the use of virtual reality (VR) and augmented reality (AR) headsets, especially in futurism and science fiction, or as a virtual world built entirely on design.

Metaverse, which provides its users with privileges and environment that does not exist in the real world, also aims to make the interpersonal aspect of communication one-to-one, just like in the real world, by removing the restrictions on communication in the virtual environment.

Where Did the Term Metaverse Come From?

The term “metaverse” originated as a combination of the words “meta” and “universe” in the 1992 science fiction novel Snow Crash. Metaverse is particularly associated with advancing virtual reality technology, as it aims for an absolute virtual reality experience.

Web 3.0 and Metaverse

The decentralized internet offered by Web3.0 is one of the requirements for working in the metaverse. The free development environment created by the decentralized internet is one of the keys to spreading the future projects such as the metaverse to the general audience. It provides the opportunity for anyone with access to the Internet to become a metaverse developer if they wish.

One of the possibilities provided by the decentralized internet will be to prevent the monopolization of a possible metaverse universe. A virtual universe that provides equal rights to every user is the desire of the general user and the necessity of the age. Blockchain technology that comes with cryptocurrencies, and the economy’s coverage of everyone involved in the system are important features that ensure the future of the metaverse has solid foundations.

Especially the financial innovations that come with Web3.0 provide freedom in terms of funding metaverse-based projects, accelerating investments in this field and bringing the future that includes metaverse even closer.

Metaverse Technology

Appropriate access to the Metaverse universe requires internet access points, general purpose computers and smartphones, augmented reality, mixed reality, and virtual reality technologies.

Equipment:

Commitment to VR technology limits metaverse developments and large-scale adoption. The need to balance the cost and design of portable hardware causes a lack of high-quality graphics and mobility. Lightweight wireless VR systems are insufficient to achieve the retina display pixel density required for visual immersion (smooth transition to the metaverse), while higher-performance models often require cables and are much larger and difficult to transport.

Software:

A standardized specification for Metaverse integrations has not been widely adopted and current integrations are based on legacy proprietary technology. But we can say that, the integration between metaverses, NFTs and crypto currency platforms mostly performed with crypto wallet integrations. Interoperability is a major concern for Metaverse-focused developments due to transparency and privacy issues.

Questions answered by the blog – What is Metaverse?:

• What is Metaverse?
• How did the term metaverse originate?
• What is the purpose of Metaverse?
• What is the connection between Web3.0 and Metaverse?

The Internet has become a big part of human life today. We do most of our work online. Many of us use the internet for shopping, work, education and leisure. So what is web 3.0? Let’s have a look.

In line with this widespread use, the web we call the internet network is gradually developing and evolving. In the late 1980s, the web we know as Web 1.0 emerged and had fewer users. We have been using Web 2.0, known as the interactive internet, for over 20 years. The future of the internet, which is eagerly awaited, has been constantly on the agenda lately thanks to Web 3.0, cryptocurrencies and blockchain technology.

What is Web 3.0?

Web 3.0 is the next generation of internet services for websites and applications that focus on using a machine-based understanding of data to create a data-driven web. The goal of Web 3.0 is to create smarter, interconnected and open websites.

It is difficult to define Web 3.0 fully because it has not yet been implemented in an efficient and effective way. For this reason, it is predicted that the transition from today’s internet networks to Web 3.0 will only take place in more than a decade. Technologies such as smart home appliances and the internet of things (IoT) using currently developed wireless networks are actually good examples of how Web 3.0 is already affecting technology.

What are the features of Web 3.0?

Web 3.0 can be built on the basis of artificial intelligence (AI), taking into account the semantic web and the standard features used today. The idea behind using AI in Web 3.0 is based on the goal of providing faster and more useful data to end users. A website using artificial intelligence should be able to filter and deliver data that it thinks a particular user will find appropriate.

Social bookmarks are websites whose results are voted on by users, so today’s browsers can provide better results. However, since these results can be manipulated by humans, artificial intelligence can be used to distinguish legitimate results from falsified ones.

The idea of ​​the semantic web, on the other hand, is based on separating and storing information in a way that helps teach a system what data means. In other words, a website should be able to detect keywords added to search queries like a human and help improve the content.

Technologies such as micro-formats, data mining, natural language search and machine learning are among the features that will create these features. Web 3.0 will also focus more on peer-to-peer (P2P) technologies such as blockchain, while other technologies such as open APIs, data formats and open source software will be used when developing Web 3.0 applications.

What are the differences between Web 3.0 and Web 2.0?

Web 2.0 brought websites and applications that use human-created content into our lives. Web 2.0, which is used in many websites today, focuses on user interaction and collaboration. Web 2.0 also aims to provide more global networking and communication channels. The difference between Web 2.0 and 3.0 is that Web 3.0 aims to provide relevant content for each user, rather than just content provided by other end users, with technologies such as machine learning and artificial intelligence. While Web 2.0 essentially allows users to contribute and sometimes collaborate on site content, Web 3.0 likely delegates these tasks to semantic web and artificial intelligence technologies, allowing the tasks of making sense of site contents and information to be greatly automated.

Questions answered by the blog:

• What is web 3.0 ?
• What are the features of Web 3?
• What are the differences between Web 3.0 and Web 2.0?