Moore’s law states that technology will become twice as effective every two years. As virtual reality platforms emerge, that means that we’ll see a sharp improvement in the quality of our virtual experiences. 

What do you get when you mix Moore’s law with a newborn metaverse? Distopias? A world where all humans exist solely online?

There’s a lot of confusion about the metaverse and what a metaverse platform really looks like. We’re going to take a look at this area of the internet today, giving you some insight into what it is, where it’s headed, and why it matters. 

Let’s get started. 

What Is The Metaverse?

The metaverse is a virtual space where humans can interact, exchange currency, and carry out normal tasks. The idea is to produce a space that’s separate from reality yet functional enough to serve real-world purposes. 

The extent to which metaverse companies evolve this new virtual reality could determine how humans live their lives in the future. Claims about the metaverse being the “next step in human evolution” are unfounded so far, but only time will tell how influential the metaverse could be. 

It’s easy to conjure up images of people living their lives almost entirely in virtual reality. The implications of that, for better or worse, are exciting ideas to engage with and ponder as we enter a new age of technology. 

That said, we’re not there yet. There’s not a space where you can live a meaningful life through virtual reality. There are, however, a number of metaverse platforms that already exist. 

Metaverse Platform Options

Platforms like Decentraland, Somnium Space, The SandBox, and other smaller platforms already exist. 

The primary idea right now is that individuals can purchase land on these platforms. Land ownership in metaverse platforms is much like owning an NFT. Your ownership of the land is established and you have legitimate rights to it. 

Once you own that land, you can do whatever you like with it. People have created games, virtual houses, businesses, and more. As technology advances, it’s not inconceivable that virtual landowners will start to rack up considerable wealth. 

Property could become extremely valuable as more people engage with the technology and drive up demand. The same is true for metaverse stock. 

Each of these platforms operates with the use of metaverse tokens. Tokens operate like cryptocurrencies. You can find the best metaverse crypto to use for particular platforms, but most platforms take numerous forms of currency.

Websites like Sandstorm give you the chance to buy and sell different NFT and metaverse platform goods. So, while the metaverse isn’t the digital utopia that some people think it could be, it’s already a functional space. 

Different metaverse platforms have pros and cons, and they might even be great places to start making investments for the future.  

Want to Learn More About Technology and Business?

Hopefully, the ideas above gave you some foundational insight into how a metaverse platform works. There’s a lot more to learn, though, and we’re to help you get all the information you need. 

Explore our site for more ideas on advances in technology, the metaverse, business insights, financial inspiration, and much more.