Introduction to the Ecology of the Metaverse (1)

Following yesterday's article, we continue to think, if the Metaverse may become part of the virtual world in the future and become another living space for us, what elements might it consist of?

I think the first and most important element is a virtual "location" or "space".

In yesterday’s article, I mentioned that the world’s top auction houses Sotheby’s and Binance Exchange have their own showrooms on Decentraland, using their showrooms to showcase their activities and interact with enthusiasts. This showroom is the "location" in the virtual world.

If we want to "live" in that virtual world in the future, we will probably frequent and even hope that we can have such a "residence".

Back in 2017, there was a project that already thought of this problem, and this project was Decentraland. This project auctions a large number of props in the virtual world, including land.

However, in that era, the extremely low performance of Ethereum could not support such a game experience, so this project has not attracted much attention from the public. Its token, MANA, has been sluggish for a long time since its peak in 2017, and it was not until this bull market broke out. If calculated from the low point of the bear market after 2017 to the peak of this round, its tokens have increased by nearly 100 times.

This is enough to show that the market's attention to this area has begun to heat up significantly.

In addition to Decentraland, there is another project that is also attracting attention in the metaverse field, and it is Cryptovoxels (hereinafter referred to as CV). This project provides the player with a sense of 3D space in the interior. It also auctions a large amount of land and various props. Users can buy land and various props, and build their own houses, exhibition halls, etc. here. There are already many NFT enthusiasts and even project parties gathering online, socializing and releasing projects here. We can even think of this project as a 3D version of Facebook.

This project has not issued coins yet, but with its popularity, if coins are issued in the future, it will definitely be favored by Metaverse enthusiasts.

If Decentraland (MANA) and Cryptovoxels are trying to make the best use of existing technologies to create another virtual space, then Somnium Space has gone further. It comes with support for virtual reality (VR) technology and devices (including Oculus, Vive and Steam), trying to create a VR version of the virtual space.

It also auctions land and props, allowing players to construct their own spaces in it.

This project actually appeared very early, but when I saw this project a few years ago, I thought it was too unrealistic to combine it with VR/AR at that time. However, after these years of rapid development of VR/AR technology, especially recently Internet giants (Facebook, Apple, Amazon) and graphics card giant Nvidia have shown great importance and vigorous promotion of VR/AR technology, and then look back at this project, I have a completely different feeling about it.

It was not until this year that this project issued its own token (CUBE), but the strange thing is that the project tokens are almost in a state of constant decline once it goes online. Is this a dislocation of the market or a problem with the project itself? Let time tell.

Not only overseas giants are promoting and deploying Metaverse, domestic giants such as Tencent have also begun to mention the concept of "full truth Internet". The concept of "Full Truth Internet" seems to me to be similar to Metaverse. They all want to create a three-dimensional, unified virtual world.

Giants at home and abroad are vigorously deploying the metaverse at this time. I think that on the one hand, the existing Internet ecology has developed to its limit, and the 3D world and the metaverse are probably the only direction for the Internet ecology to develop into a new dimension; The emergence of block chain technology makes the Metaverse have the basis of value transfer and identity identification.

Ethereum ERC-20 tokens and NFT tokens allow holders to bring their virtual wealth and virtual identity to any virtual space without being restricted by any platform, which will create a unified future for the future The metaverse created the foundation and the necessary conditions.