What is the Metaverse? A Beginner's Guide To The Blockchain's Virtual World

The virtual world is the place where users can escape from their real life and enjoy fantasy. It has become a VR or AR game, movie, comic and animation through the Internet or mobile app. The Metaverse is another virtual world which hackers build in this virtual world. The Metaverse is a blockchain-based virtual universe populated with user-controlled avatars called "Corsers." The Metaverse also offers digital assets known as “virtual tokens” that represent ownership of virtual properties such as images, characters, items, properties and other rights. In this article, we introduce you to the Metaverse so that you can keep up with blockchain technology easily.

What is the Metaverse?

The Metaverse is a virtual world built on a blockchain. In the Metaverse, you can create your own avatar and explore a virtual world by visiting different planets and moons. You can also buy or sell virtual assets like digital collectibles, images, and even real estate through the Metaverse. The goal of the Metaverse is to create a virtual world where people can own virtual assets and do many things that they do in the real world. The Metaverse was created by a Chinese company called Viewfin that partnered with tech giant Foxconn to launch it. The company has also created a digital currency called ETP that people can use to buy and sell virtual assets in the Metaverse. The token sale for the Metaverse was one of the most successful ICOs of 2017, raising $100 million.

How Does The Metaverse Work?

The Metaverse has several different environments, including cities, deserts, and forests. In the Metaverse, you can use your mobile device or computer to travel to these virtual places and meet other people. You can also visit digital islands where you can buy, sell, or trade different virtual collectibles like artwork, images, and virtual badges. The Metaverse also has a built-in digital currency called Entropy. You can upgrade your avatar's abilities by using Entropy. Entropy can also be converted into ETP, the Metaverse's digital currency.

Blockchain: The backbone of the Metaverse

The Metaverse is built on top of blockchain technology. A blockchain is a decentralized ledger that is used to store all the data related to the virtual world. It is a transparent and highly secure system that makes it easy to track who owns what within the virtual world. The blockchain system also makes it easy to create and trade virtual assets in the Metaverse.

What is a Virtual Asset in the Metaverse?

The virtual assets in the Metaverse are the digital assets of the virtual world. There are mainly two types of virtual assets. One is the artwork that represents the scenes of the virtual world. The other one is the image that represents an avatar. The image of the avatar is displayed when people visit your spaceship or your planet. The artwork is used when you create a painting at your spaceship. The virtual assets can be traded for the ETP token. For example, if you have an artwork of the scenes of the virtual world, you can trade it for ETP.

Who Can Participate in the Metaverse?

Anybody can participate in the Metaverse. In order to participate, you need to create a new avatar and visit different planets and moons. You can also trade digital assets on the Metaverse. However, you need to own ETP tokens to buy and sell virtual assets.

Conclusion

The Metaverse is a virtual world created on a blockchain. It is a decentralized global platform where people can explore planets and moons and buy, sell, and trade virtual assets. The system is built on the blockchain technology which makes it transparent and highly secure. The Metaverse also has a digital currency that people can use to trade.