A blockchain is a distributed list of records, each of which is linked together using cryptography. Its data is stored in a block, and its timestamp is used to verify the transactions.

Each block is linked together using cryptography and has a cryptographic hash. The timestamp shows that the transaction data was stored when the block was published.

Each block contains information about the previous block. Since data in a given block can’t be changed without altering its subsequent blocks, it’s resistant to data modification.

Blockchains are distributed ledgers that are managed through a peer-to-peer network. Its records are unalterable.

In 2008, a person or group of people using Satoshi Nakamoto’s name established the public transaction ledger for Bitcoin. The identity of Satoshi Nakamoto is still unknown.

The Bitcoin implementation was the first digital currency that solved the double-spending problem. Its decentralized nature and its ability to be used by the public inspired other blockchains.

A non-fungible token (NFT) is a way of proving that a digital item is the only one of its kind in existence and can be thought of as a digital certificate of authenticity.

NFTs can be used to represent ownership of intangible items such as digital art, sports cards, real estate and even be redeemed for event tickets.

They are not directly exchanged for fiat currency (dollars), The majority of NFTs are purchased and created using the Ethereum blockchain.

These blockchain assets prove that a digital item cannot be replicated & sold again without the owner’s permission. This gives potential buyers confidence, as they can see verified artist and their NFT creation/purchase history at https://opensea.io/or simply on the blockchain via https://etherscan.io/

One of the primary benefits of owning a digital collectable is that it contains distinguishing information that distinguishes it from a physical collectable. This makes it impossible to create and distribute counterfeits. Another advantage of selling digital artwork is that it can be set up to pay royalties.

Some NFTs can also yield substantial profits for their owners. On Decentraland, for example, a gamer sold his NFT for $80,000 USD worth of ETH.

A cryptocurrency investor purchased a stake in a virtual racetrack and used its NFT to collect 5% of all transaction. 

The best example is a digital real estate transaction in which a gamer was able to combine several parcels of land into a single estate. In exchange for $200,000 worth of Ethereum.

Have you seen the movie ‘Ready Player One’? Seriously go watch that movie and you will understand the term “Metaverse”. 

Imagine a world where Fortnight & Wallstreet are portals down the street from your custom built digital house, which is also an NFT. Still confused? Go watch that movie!

For those more technical I advise the term “metaverse” has several definitions, each with its own set of characteristics. Today’s popular metaverses is a conceptual network of 3D virtual worlds centred on social interaction, back by decentralized Fintech. Better known as Blockchain.

It is frequently described in science fiction as a universal virtual world powered by the use of augmented reality headsets. Users can transfer virtual items from one Metaverse to another thanks to its interoperability.

To put it simply, consider a 3D web powered by virtual and augmented reality. A metaverse can be self-sufficient with it’s own digital land and business opportunities.

Understanding how the COVID-19 pandemic has affected various countries, businesses adopting Zoom meetings and Facebook changing their name to ‘Meta; is real-world examples of Metaverse hype coming to life.

Because of the persistent nature of humans, users can now experience real-time events and experiences regardless of their physical location. People who were isolated from one another, could go to popular events within these unique metaverses worlds. 

Metaverse brings together the advantages of virtual spaces and digital communication tools like videoconferencing. With the increasing number of people working from home, they rely on these digital platforms to communicate and collaborate online.

Metaverse’s 3D immersive world allows users to experience the world in a whole new way.

Metaverse’s platform can help manage remote work better by allowing managers to communicate with their employees in real-world settings. It can also prevent employee productivity problems.

Metaverse is an immersive world that enables healthcare professionals to interact with patients without being physically confined to a physical location.
Most Metaverse games have a decentralized economic model, where developers and publishers are responsible for the in-game assets.

Since everyone can’t travel around the world, Metaverse has become an integral part of people’s lives. Its combination of AR, VR, and Metaverse allows users to experience a virtual world wherever they are.

Blockchain is a distributed ledger technology that enables the mass adoption of Metaverse in various industries. Its decentralized nature enables it to serve as a distributed ledger for transactions.

Metaverse is a virtual space where users can interact with each other and make better buying decisions. Through its platform, Metaverse has been promoting blockchain games, where players can collect in-game tokens.

Due to the covid-19 pandemic, businesses have started adopting digital modes of communication. This has led to the emergence of video conferencing platforms. However, these solutions fail to provide a compelling experience due to the lack of interaction features.

Metaverse aims to provide a more immersive and compelling experience through its 3D avatar and virtual environment. Instead of using a computer screen, people can interact with each other through the immersive meetings.
The increasing adoption of Metaverse has created new opportunities for businesses. They now have the ability to offer a more immersive and compelling experience to their customers.

E-commerce businesses can now interact with their customers in a virtual space and perform various administrative tasks such as negotiating a deal or performing an inspection.

Metaverse’s platform combines AR and virtual reality to provide a more immersive experience to social media users.
Metaverse is a digital universe where users can create content. Its graphic-intensive features make it possible for users to become content creators themselves.