Will All Metaverses End Up Being Connected?
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It’s not easy to define what it means to be human in a single sentence, but one of the things that definitely separates us from other forms of life is our ability to carve out more meaningful social connections and interactions with others. Now, as humanity evolves to live a second kind of life in the metaverse, those social interactions and engagements will remain integral to that new existence.
The metaverse today is geared to foster those social connections. It’s an interwoven network of immersive, virtual, 3D worlds hosted on the blockchain that come together to form a much larger, digital universe. People access the metaverse through their avatars, which are used to see, feel, communicate and interact with others they come across.
When we think about the metaverse, the idea of virtual world-based games comes to mind. But the metaverse is actually much more than that, serving as a place for people to come together to socialize, work, collaborate, shop, play, design and do much more besides.
The metaverse as we know it is still in its infancy, made up of separate and more or less independent but functional virtual worlds like The Sandbox and Decentraland. They’re home to complex, functioning economies. Decentraland’s for example, is focused on its virtual land system. Land is represented by NFTs, which can be owned and traded freely, with MANA serving as the main utility token and means of transactions. People use MANA to buy parcels of land and pay for in-game services. It’s notable that land within Decentraland is limited to just 90,000 parcels, meaning that the value of
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