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Metaverse is capable of transforming any aspect of real life into a virtual aspect. With the evolving technology and systems, the term Metaverse is no longer just associated with science. With a drastic shift in technology, people's perspective has also changed toward virtual spaces. Think of the metaverse as a visually rendered internet that you go into, instead of just looking at it. Rather than being behind your screen, inside your device, your devices will project the metaverse around you. Hypothetically, you'd connect to the metaverse in much the same way as you log on to the internet today. However, instead of turning on the Wi-Fi or 4G in your laptop or phone, you'd view content using a head-mounted display like a pair of smart glasses or a VR headset. As we've seen time and time again, humans are too curious to leave the potential for innovation unexplored. The building blocks for this new world are barely defined – let alone ready to stack. The architects of the future are missing one of the core tools they'll need to assemble the metaverse – accessible randomness.
As Rabindra Ratan and Dar Meshi neatly summed up in a post for Bright Think,
"Web 3.0 will be the foundation for the metaverse network. It will consist of blockchain-enabled decentralized applications that support an economy of user-owned cryptocurrency assets and data."
Randomness is a core aspect of cryptography, which in turn underlies several technologies that will be foundational to metaverse network construction – most notably, blockchain.
Blockchain's functionality hinges upon cryptographic features such as randomly generated public-private key pairs and the app of the nonce (number used once) in proof-of-work validation.
For a simple example, we can turn to cryptocurrency wallet keys. These public-private key pairs are randomly generated to prevent a malicious actor from guessing them and gaining access to users' hard-earned crypto.
Without randomness to provide security, a single lucky guess from the hacker could lead to crippling financial losses for the user.
One of the top features of Metaverse is decentralization with the integration of blockchain technology. It is gaining popularity for being the openly shared digital world to move from one platform to another without any issue. Decentralization helps users to trade and exchange digital assets with economic value without having any presence of central authority. It takes a very short dddddd to provide the freedom to do anything they want in this Metaverse ecosystem.
One notable and crucial Metaverse feature is its security which protects from potential cyberattacks and crypto criminals. There is a dramatic rise in cyberattacks from multiple groups of cybercriminals on the dark web. They always tend to seek weak links to steal all kinds of digital assets with ransomware and malware. Thus, Metaverse is set to provide additional focus on cybersecurity in the form of ethical and privacy standards. If there is better and improved cybersecurity, more players and viewers will get attracted to the new ecosystem with user protection and user identities.
Virtual reality experiences are one of the popular features of Metaverse to offer to the online gaming target audience. Players or users can wear VR headsets for getting complete access to the virtual world with seamless virtual reality experiences. It is persistent in providing multiple different ways of virtual reality experiences to play highly interactive games 24*7. The rising popularity of VR headsets is helping to yield sufficient profit for global tech companies which are focused on virtual reality or augmented reality.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
