Sunday, June 23, 2024

Metaverse is the future of crypto – some experts say we’re already in it

In May 2021, Consensus, one of the biggest events in the world of crypto and blockchain, was organized. In this event, ‘Long the Metaverse’ was debuted. This is a VR exhibition that features several crypto artists. It was launched in collaboration with curators Decryptolorian of the $WHALE community, Justin, and Anissa, and producer Godfrey Meyer. During the Consensus, every day, they hosted 30 minutes long roundtable talks inside the metaverse. This could be accessed via a VR headset or a PC browser. During these talks, they would discuss the world of NFTs (Non-Fungible Tokens) and art.

Currently, there are a lot of big brands from a wide range of industries who are dipping their toes slowly into the world of the metaverse. Linking themselves to the word ‘metaverse’ was a strategic decision made by the Consensus.

In the early 2000s, not a lot of brands thought that they were in need of a social media presence, which is why they left it for the summer interns to set up and manage their corporate social media accounts. But, this has now changed. Similarly, in the 2020s, brands set up metaverse teams to help them enter the world of Web 3.0.

Metaverses of today are simplified virtual services or items that can be accessed with and without VR headsets. In the future, the metaverse will include blockchain with NFTs (Non-Fungible Tokens), ubiquitous networking, extended reality (XR) with AR and VR along some other newer technologies. Over time, this metaverse will become an omniverse with several cross-chain possibilities.

Cryptured Team
Cryptured Team
The writers team at Cryptured.com is composed of passionate and experienced journalists who cover the latest developments in the crypto and blockchain space. They aim to provide accurate, unbiased and easy-to-understand news and information for their readers, as well as insights and analysis from industry experts. The writers team is always on the lookout for new and exciting stories that can help the general public learn more about the potential and challenges of these technologies.
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