Category: Web 3.0 and Metaverse

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.

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?

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?

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.

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.

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 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?

Why Facebook Became Meta? – With the new and transforming world, companies are also changing shape. Many companies are starting new projects or getting involved in different projects in a way to adapt themselves to the developing technology. Among these companies, there is a company that completely adapts the company itself to the developing and changing world like a project and sees today from about 8 years ago: Meta.

In fact, Facebook’s work on the meta-universe dates back to 2014. At that time, while topics such as Web3.0, crypto money and NFT were only just beginning to be talked about, Facebook made a purchase that surprised everyone. The company, which is a social media company and does not go out of this field, bought a VR glasses developer named Oculus for 2 billion dollars.

One of the most important features in the meta universe is that a dive takes place without any problems and that the equipments are in ergonomics to be used. Facebook’s realization of such a move, when there is no meta universe in the middle, actually shows their power to predict the future.

Meta’s Metaverse Focused Projects

Diem

The blockchain and cryptocurrency technology project Meta is working on is Diem. Since he wanted to provide all the necessities of the meta universe he created, he had to have a project for the financial side as well. At the same time, with this infrastructure, it creates an alternative blockchain and payment unit for NFTs that can be integrated into the ecosystem in the future.

Instagram

Meta plans to create an ecosystem where all the content hosted by Meta is truly integrated, with many new features it has recently tested on Instagram. It was said that the avatar creation feature coming to Instagram and the created avatars will be available on all platforms of Meta. Apart from that, with the NFT feature they have recently tested on Instagram, the platform will also be able to become an NFT open marketplace. Announcing that it will not receive commissions from NFT sales at the beginning, this project of Meta is only open to a very limited user.

Questions Answered by the “Why Facebook Became Meta“ Blog:

• Why did Facebook make its name Meta?
• Why Facebook Became Meta
• What are Meta’s metaverse-oriented projects?
• What is Instagram’s place in the metaverse?

Twitter Interest in NFTs and Blockchain

The social media giant Twitter has an undeniable attitude towards the Crypto world, which is likely to gain ground in the world now and in the future. I wonder how this attitude will bring them in the future. We will see this together.

The Approach of Twitter and NFTs Attracts Attention

Its attitude towards Twitter, Blockchain and NFTs from the social media giants draws attention from everyone. With the latest update to Twitter, NFTs are popping up everywhere. With this update, users have the right to make them their profile photo if they have any NFT. This indicates that we will encounter NFTs more often. Because this update brought by Twitter seems to have attracted a lot of attention in other social media.

Bitcoin Will Play a Big Role in the Future of Twitter

Known for his passion and support for Bitcoin, Twitter CEO Jack Dorsey clearly stated in his statements that Bitcoin will play an important role in the future of twitter. At the same time, Dorsey said, “I think BTC will cover a large part of our future. It will play an important role in decentralizing social media and creating economic incentives. Therefore, it is very important for Twitter and Twitter shareholders that we turn to BTC.” In addition, mobile payments company Square, of which Jack Dorsey is the CEO, bought 3,318 BTC in February. Square also stated in June that it is in the process of developing a Bitcoin hardware wallet.

Questions Answered by the Blog:

• What is the Reason for Twitter and Its Approach to NFTs?
• What Does Twitter Think About Blockchain and Web 3.0?
• Twitter’s Team What are the Plans and Goals of “Twitter Crypto”?
• Will Bitcoin Play a Role in the Future of Twitter?
• What’s the Latest on Twitter’s New Feature Bitcoin Tips?