Table of Contents

EXPLORING DIGITAL ASSETS IN THE METAVERSE

What is a Metaverse NFT?

Since we can make an NFT of anyone or anything does this mean that anyone would want to own this digital replica of something? Why would someone want to own an NFT in form of virtual land, or some sort of ownership that exists only in the virtual world? Well, if we were to answer that question, we will start by asking you to think about it differently. NFTs are like memorabilia. They are a digital representation of something that was important or is still important in time. With NFTs, everyone can create moments and the market has to decide what those moments are worth.

NFTs are the future of the internet, and whether or not people are willing to pay for NFTs, they have a place somewhere called the metaverse. The metaverse is the future of the internet, and if the current internet is 2 dimensional or 1 dimensional, you can think about the metaverse as the complete 3-dimensional internet where a whole lot of things are possible. It is the future of the internet and it is more immersive.

Two of the most popular games where people spend most of their time are fortnight, a game where you can play with other players in a multiplayer mode, and Reelblocks which allows users to build their own legal-like worlds. The metaverse, however, goes beyond gaming. Fortnight just added features that let players socialize with one another. In this mode, they can interact with other players and spend money right in the game.

Kids today are fast developing a great culture courtesy of the metaverse. Instead of asking for money to buy some toys as some adults did back in the day, you will mostly hear them asking for money to buy some tokens in a game that allows them to purchase skins, gears, and other in-game items. Today everyone is getting to that point where the way we see things in games will be pretty much the way things will be in real-live. You can meet people, chat, and achieve in-game goals in this whole new experience.

The pandemic has been pointed as the reason why more people prefer to live in the digital world. How else do you connect with people when you are not supposed to touch them or go too close. Well, the metaverse solved this problem and gamers were quick to dive into the new world to save themselves from the depression and other problems that could result from staying alone at home all day long.

NFTs are the spice in this new digital world, and the NFTs that exist in the metaverse is known as metaverse NFTs. Metaverse NFTs are the unique representation of ownership of in-game items, which can be digital assets, land, real estate, and other unique utilities in these games of virtual worlds. They are non-fungible tokens which means they are different from anything else that exists in the game and you cannot exchange one metaverse NFT for another and have the same thing.

Game developers have used the non-fungibility of metaverse NFTs to create items in-game that have varying levels of rarity which determines their value and the complexity of tasks that must be completed to earn them. With the help of blockchain technology, it is now possible to use these items in other games, and sell them across platforms outside the games provided they exist on the same blockchain or other compatible spaces.

Explaining the Metaverse

The metaverse is a convergence between the physical and digital persona. Today, we can say everyone is something in the physical world and something in the digital world. We can represent the digital world in terms of what people are on social media platforms like Instagram and Tiktok, while the physical persona is who they are in the real world. When we converge those two we get the next iteration of computing and the next iteration of the internet, known as the metaverse.

From the Snoop Dogg digital neighborhood in the metaverse to Justin Beiber's live performance, there is a lot of huge stuff going on at the moment in the metaverse comparable in every way to what we have in reality. The metaverse is becoming a modern-day market for real estate art galleries and digital land or virtual land, depending on how you chose to see it. Most of these worlds were inspired by science fiction, movies, and board games.

Upland, one of the biggest representations of the physical world in the metaverse, allows users to purchase properties in the metaverse according to their actual physical addresses. The platform also allows users to complete in-game tasks or compete for UPX tokens which they can then use to buy digital real estate. The virtual reality game has nearly all the physical destinations and addresses in the real world in-game. You can not only participate, but you can own actual items in these games by participating in the metaverse.

What Are Virtual Worlds?

Virtual worlds are parallels of the physical world, accessible through physical devices that can simulate this entire environment. It is about replacing your reality with a new reality from a computer-generated environment. It could be some game or environment that you walk around, but the idea is to trick your brain into thinking that the reality is presented is your new reality by presenting corresponding evidence.

VR started with the United States airforce flight training program where new pilots could learn new things like maneuvers, shooting, crashing, and ejecting without having to try this out on actual plains. For the airforce, the aim of VR is to allow such practicing and mastering at no cost since real places worth millions of dollars will not be used. Yet the experiences in virtual reality are comparable in every way to flying a jet or plane, thanks to VR.

Today, VR is used by video gaming companies who make VR glasses and headsets that work as your everyday headset, except that when you put them on, you will have access to a new world where you can perform a limitless range of actions. VR devices can take over your sense of sounds too, taking you further into the world that you are in. The headsets use to access VR are two types, the first one allows you to plug your smartphone into it so that it becomes the screen you see when you are connected. The other type has a gyroscope, a screen, and every other thing you need such as Oculus Rift, and HTC's vibe.

These devices allow you to see images that are so huge and close to your face, which may not be great for the eyes but are interesting nonetheless. They also use a built-in gyroscope and accelerometer that helps you track your head movement while getting you into your own new world. The purpose of these diverse is to get you immersed.

The first type of VR mentioned is not as good as the complete VR headset because connecting your phone to a device in order to access virtual reality may not be as fun as you imagine it. With the other device, however, you can get completely immersed in virtual reality and do all the crazy stuff that lay within your imagination.

Virtual reality is a computer-generated simulation or replacement for one's environment. With VR, you can put on a headset that will substitute your world for a digital world that makes you feel you are somewhere else. VR started in 1962 with the invention of the sensorama by Mort Heilig. It was an arcade-style cabinet that featured a 3D display, vibrating seat, stereo sound, aromas, wind, and vibration. One of the experiences using the sensorama was riding a motorcycle down the streets of Brooklyn. The device allowed the viewer to have a 3D view of the street, with the wind blowing their face and the ability to smell the city.

The idea quickly gained traction and popularity. Most people also point to MIT computer scientist, Ivan Sutherland as the pioneer of VR displays. He created the first VR headset and started the first VR experiments with his friends and invented software, sketchpad, advanced software for human-computer interaction. The term VR was popularized by Jaren Lanier, an American computer philosopher, and scientist in the 1980's. VR is an approximation of reality that is not reality but digital. VR has also been used in the health and higher education sector over the years to improve services and advance tech. Now let's talk about what you can do with VR.

What Can You do in a Virtual World?

While virtual reality is becoming increasingly popular, the most common thing that comes to mind when we talk about it is gaming. Although there is so much more you can do with virtual reality. First, you can watch movies and TV shows with VR. Although this is a bit obvious, a lot of people do not think they can watch movies and TV shows with VR headsets. Using a VR headset could in fact magnify your experience while watching TV. You can also enter a virtual movie theatre with your friends to watch 3D and non-3D movies in a virtual cinema.

The next thing you can do with VR is learning to play an instrument. If you have ever thought about buying a piano, but you don't really think it will be a great idea to have it right in your room? Welcome to virtual reality, where you can learn that skill you have always loved. With VR you can set up your piano in virtual reality and play Morzat's 5th symphony or any other sounds of the greatest orchestra right from the confines of your room. Oculus VR also has a great VR piano tutorial where you can learn how to play piano from a simulated real-life piano. The best part is that you will not have to make the noise that comes from the actual instrument.

Tourism is yet another interesting thing about VR. With apps like Google Earth on VR, you can visit nearly anywhere in the world in real-time. You can imagine that. With VR you can visit the Burj Al Arab, the Eifel Tower in Paris, and the Whitehouse in Washington DC right from the comfort of your home. Thanks to virtual reality, before you visit a city, you can explore the fun spots and other interesting things about the area before you visit real life.

Can you meditate in VR? The answer is an absolute affirmative. Meditation does your mind a lot of good, taking your focus away from your problems to the strength that lies right within you. Distractions, however, prevent us from meditating as efficiently as we ought to. With VR you can simply put on your headset and immerse yourself in the silence of nothing until you feel you have enough strength to continue with your daily tasks. A study published by the American Psychiatry Association mentioned that VR was effective at treating war veterans suffering from post-traumatic stress disorder.

VR is also great at helping you face your fears. Phobia therapy is one of the things that made VR popular on social media like Twitter and Facebook. The reactions of people to their fears in real life got several retweets and Facebook likes. VR is also being used in additive manufacturing, which is gathering pace as the preferred method of designing and making various objects all over the world. You can easily create and print designs with your hand using a 3D VR application. VR is also effective in the world of sport since it allows the simulation of parallel game experiences.

The benefits of VR for the economy come from truly adding value to our daily lives. Assets in VR games can be sold on Ethereum based platforms or platforms and the subject of many of our wishes and discussions go beyond chatting on Facebook or any other Facebook-related application to services and experiences in reality. Metaverse land can exist today in virtual reality, holders can buy land and sell the land like a physical asset and other interesting experiences can be created.

You can hold members-only parties and other fun stuff. These possibilities and benefits have led analysts to predict the VR economy to be worth several millions of dollars. Trade in the new reality will be the trade of the future. You can see the shop using VR avatars designed to work like you, search items, search places, and so much more. Nonfungible tokens are also crucial in the VR economy. You can use the app, and the currency to explore and have fun.

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The Nature of Immersive Virtual Worlds

VR offers a completely immersive experience. The idea of VR comes from the possibility of having a parallel, but the new reality comes as close as possible to what we would see as ideal. Nearly all experiences in real life can be simulated using VR. Games like the Walking Dead, the graphic adventure video game can now accommodate you since you can be the hero in the best experience possible. Gamers spent the entire week gaming during COVID, and we have seen instances of rappers performing live in VR. The feeling is just like it existed, and with works underway at companies like Facebook, VR things will smell and feel like they truly are in the metaverse.

Immersive worlds, whether in metaverses, VR or augmented reality is like the real world, and will evolve to be so in reality in a short while. COVID-19 has taught us that we may not be able to continue with our normal ways of living, as these will be replaced by a parallel world. The idea is a matter of necessity rather than the excitement of the technology alone. With variants now mutating from the last time COVID hit hard, we may see worse strains of the virus in the future.

Virtual reality works using 3D vision. It is a common-sense idea that is based on the fact that we have two eyes that are inches apart. The separation of our eyes causes each to see the world from a slightly different perspective. Our brain is what combines these views to create a sense of depth. Our brain sees how far or closes an object is depending on how far or close it is from the left versus the right eye. 3D vision is made possible by the stereoscopic display, which simulates what our eyes do naturally by creating a sense of depth. VR is as easy as fitting a mobile phone into an enclosed device provided that the device has an accelerometer for sensing your head movement. The tough part, however, is that there are other aspects to experiences in virtual reality, such as mimicking our 5 senses to correspond to the displayed environment.

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Rejolut Can Help You Build Your Gaming Metaverse and NFTs

If you have a game idea you are trying to build, you can work with us at Rejolut to help you create all the infrastructure and aspects of your game that will make it stand out in the space. We also understand that you want to allow your users to trade assets in the game like they would do to assets in the real world. With blockchain, the deployment of in-game tokens and assets is now possible. We are experienced in the tools and technologies used in building gaming experiences as well as other aspects of VR and metaverse-based games that can inspire a parallel reality experience and add value to the space where they exist.

Working with the right metaverse or VR game and reality development company will always be worth the investment in time and effort. Our developers are seasoned specialists in unity, web technologies, and AR/VR/XR technologies. We have worked with several big companies in the gaming and blockchain industry, to build the most fun, action, shooting, adventure, and other game genres you can think about. You may not have it in mind to launch the next Axie infinity, but there is so much possible if only you put the work and resources in the hand of the right people.

Conclusion

If you are building a blockchain game today, adding a metaverse feature by doing NFT development is something you cannot do without. You need to create that experience that makes it feel like the players of the game are living in the reality and doing all their mayhem or completion right now and here. Achieving this, however, is not an easy feat. There is so much you need to put in place to ensure that your users get the feel of playing a game like Somnium space. Games like Somnium space that use virtual reality have always won the race and hold a spot in the mind of gamers. Launching an Ethereum based platform is another part of the story.

In this article, we have explained the metaverse as a new universe made possible by parallel reality technologies like VR and AR. We have also explored the possibilities with blockchain technology and why it is possible to sell virtual representation of real assets, something that would be considered unheard of before. We talked about non-fungible tokens as a representation of the value and rewards of time spent interacting with these games. We looked at the history of VR and explored the various use cases which are quite surprising for the fact that they exist as much as the economic benefits that the world stands to gain from using these technologies.

We rounded off by letting you know that you can get help, although at some cost if you just have the idea that could lead to the next billion-dollar game. That means you do not have to be an expert in all the areas mentioned before launching your own game with tokens and assets in the metaverse.

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