Metaverse and Blockchain - Crypto Academy / S5W1 - Homework Post for @wahyunahrul.
IMAGE CREATED BY ME USING CANVA
You all are welcomed in the season 5 week 1 of the steemit cryptoacademy. Is a great privilege to be in the class. Professor @wahyunahrul has made a wonder lecture about metaverse and blockchain
Well many people suggest that metaverse to be the future technology. Metaverse is like a virtual reality where you can interact with people just by entering a virtual world.
1). Do you think the Metaverse is "the next level of Future Technology"? Explain your personal opinion by showing some evidence.
Metaverse aims to be a virtual platform that allows individuals to have access with device where they can interact with people and feel like it's real
A lot of news going around the internet right now about metaverse and it's a big deal for the internet blockchain technology cryptocurrency over the next coming years. Many people discuss about how it's a massive trend and a huge game changer. But what is this metaverse? Why is it such a big deal? What are it's uses?.
One of the main reason for this is, facebook has rebranded itself to be called META i.e to ficus on the metaverse. Earlier this year, news have been spreading about this. The CEO of the FacebookMark Zuckerberg said" we are going to pivot the vision of facebook itself from being a social media company platform to a metaverse company,Currently, this came through. Facebook changed it's name to meta, it's a parent company which owns the Facebook social media app that we use. So if you are using like facebook, the app it's just to be called facebook but thr parent company that owns Facebook oculus Instagram, thats being rebranded meta to focus on the metaverse and thats a pretty significant deal because facebook is a massive gaint and they decide they are going to scrap their old strategy and start focusing on this.
This change is actually a pretty big reason why we are seeing crypto market continues to do well. Yea investors are trying to allocate capital and now as metaversevhas come into equation, its another reason why people will be using blockchaik in the first place.
Metaverse is an embodied internet. It take to a 3 dimensional(3d) experience. You can think about technologies like virtual reality, we have a headset and we are fully immersed in a different world or augmented reality where you can see the world around you.
The metaverse is a different space, altogether that's not controlled by any centralized platform and this is what makes possible by blockchain technology. This is the open link that makes an open internet where you can do things like you own a property or own a digital asset that isn't under anybody's central control but you can actually take thses things and move them around and transfer ownership freely inside the embodied internet experience.
2). Explain why Metaverse and Blockchain are compatible technology pairs.
Well, the reason why metaverse and blockchain are competible technology pair is because they arr being decentralized i.e it's not being controlled by any third party that makes it work perfectly. People under blockchain technology have full control of their digital asset as the proffered metaverse are expected to be.
Owner will have full control of their property without involving any third party ot institutions comtrolling it for them.
In blockchain technology, users transfers token to another user directly to his or her address and its very fast. So in metaverse, it required to make transfer from one person directly to the other person. This is also why metaverse and blockchain are compatible technology.
Metaverse is being seen to be a virtual world which will be decemtralized and this is also applicable to blockchain technology which has been decentralized. One can have access to it's property anytime they wish to, due to it's decentralization.
3). Choose a Blockchain-based Metaverse project and do a fundamental analysis of the project (Don't choose projects that have been discussed in the discussion above). (Screenshot Required)
Decentraland is the oldest metaverse cryptocurreny. Decentraland is said to be a 3d virtual reality platform which is decentralized, where you can buy a digital land in the central and build whatever you want to build on it and then people will start coming and view your art and also view your land then when the land goes up in value, you can sell it and make profit through selling it or by charging people to visit your land.
Decentralamd token is called (MANA). Below are it's detailes as for the time i was writing this homework.
|Trading volume 24h||$3,667,669,730|
|Fully diluted marketcap||$7,192,969,537|
|Volume / market cap||0.6107|
The biggest attraction to decentraland is that, it has virtual parties, virtual events where many different people can come in and watch a lot of amazing art for free.
Although, in decentraland, there are many server, so if you are on different sever, you cannot see your friends, you cannot see other people that are on different server. Also there are lot of lag when you are playing decentraland.
Lets compare decentraland to real world company. So we can have a better understanding of how big decentraland can go. The most similar company to decentraland is "ROBLOX". Roblox is an online game where people can buld there own virtual world and create anything they can imagine to create.
4). Explain the steps for connecting a crypto wallet with a Metaverse project that you chose in question number 3. (Screenshot Required)
In this section, i will show step by steps on how to connect my crypto wallet (metamask) to decentraland platform.
First of all, i have my metamask wallet linked in my browser. Using that same browser, i searched on decentraland. The first option that shows is the official site, so i clicked on it.
Now the site opens, at the top right side of the page, you will see where the wrote"start exploring" i clicked on it.
The next page displays, showing 2 options to play. So i clicked on the first option so that i can be able to connect my metamask wallet.
There was a pop out which shows 3 different wallets to connect with. Since am using metamask, i clicked on it which is the first option.
It lead me to my metamask page, asking me to put my password to unlock my metamask, so that i can be able to connect with decentraland. I typed in my password then clicked Unlock
The next page displays showing "Connect with metamask" i clicked on next, then clicked on connect in order to connect with decentraland.
At the top right page of it, i make sure that the option is in Ethereum mainnet. Decentraland only allows it. You can see the image below, i have successfully connceted my metamask wallet to decentraland platform.
5). Explore the Metaverse of your choice and show the various features, advantages, and other unique things of the Metaverse project. (Screenshot Required)
Since i have connected my metamask wallet t9 decentraland, i will show some features of it.
Once you have successfully connected to this platform. You can start playing your game. First of all, it needs human setup, how you want to look like. You have to choose wether to use a female avatar or male avatar
You can change the shape of the head, like changing it's outfit. The options to do that are provided. By changing its cloths, shoes, eyebrow, all this can make it look good.
Meanwhile, if you are not comfortable with the thing you see, you can visit the market place to purchase many different outfit of your choice, each with it's tagged price.
You can also purchase land, buy clicking the the land option, there you will see different land with different tagged price. You can choose anyone you wish to choose
To start the game, once you finish setting up your avatar, you can click on done and type in a random name, then agree with the terms and conditions. You can then come into virtual space.
Metaverse is just a virtual world and you can do everything inside virtual world. The project that is focusing on this is decentralized, they are project that has been around for quite some time. A virtual world is kind of fundamental feature of an embodied internet because there's so much that you can do inside the metaverse and this is powered by Nft technology or non fungible token. Thanks to professor @wahunarul for this wonderful lecture, i really learnt a lot.