Metaverse Simplified Metaverse is a revolutionary new platform that is going to change the way we interact with the digital world. In this video, I’m going to cover what is metaverse and how it works? What is Metaverse? To simply put Metaverse is the internet that you are inside of. It is a 3D virtual world that people use to interact and do business with. It is an online experience where users can create an identity, socialize, explore, and conduct transactions. Why now? The world is becoming increasingly digital. Physical assets are being replaced by digital ones. We are buying, selling, and trading in a digital world. The time has come for a virtual world that can handle all of these transactions. Metaverse is that virtual world. What technologies enable Metaverse? Metaverse is built on the blockchain technology. This enables secure and transparent transactions between users. Metaverse uses Digital Identity. This allows users to verify their identity and provides a secure way to conduct transactions. Metaverse also uses smart contracts which allow for self-executing agreements. These contracts are tamper-proof and ensure that all transactions are carried out as agreed upon. What can I do on Metaverse? There are many things you can do on Metaverse. Here are some of the most popular activities: • Create, manage and trade digital assets: You can create a digital asset that represents your home and then sell it to someone else. • Socialize with friends and family: You can create a virtual space for your friends and family to gather and chat. • Participate in online communities: You can join a community of people who share your interests such as gaming or fashion. • Travel to new and exciting places: You can visit the Louvre in Paris without ever leaving your home. • Use digital services: You can use a digital banking service or a digital currency exchange. Who is using Metaverse? Metaverse is being used by all kinds of people for all kinds of reasons. Here are a few examples: • Musicians use metaverse to manage and distribute their music • Small businesses use metaverse to create and sell products online • Parents use metaverse to stay connected with their children • People use metaverse to find work and connect with new opportunities • Gamers use metaverse to play and interact with other gamers To conclude, the possibilities of Metaverse are endless and it is the future of the internet. Thanks for watching. Hope you found is useful.