Does Metaverse have the potential to become a successor to the Internet

The term “Metaverse” was coined by novelist Neil Stephenson in the 1992 novel “Avalanche” to describe a shared virtual world where people can interact in real time and share various virtual experiences.

Many people are more and more interested in the decentralized meta-universe, which mainly includes the network, cryptocurrency, the underlying public chain, and extended reality (XR) including VR and AR, and NFT (non-fungible token).

Taking players already familiar with centralized games such as Roblox, Fortnite, and Animal Crossing as an example, the difference between a decentralized meta-universe and traditional virtual worlds (such as Roblox) is that they are built in regions. Above the block chain. These meta-universes are composed of many virtual plots, represented by NFTs, owned by players, companies, and investors, rather than by a corporate entity.

This allows users to create, experience, and profit from virtual reality content and applications in an independent economy. People have full ownership of their own characters, accumulated game props and digital land. Arthur Madrid, the co-founder and CEO of Meta Universe of ” The Sandbox ” pointed out: “The idea of ​​creating Meta Universe on the basis of blockchain is to establish a new type of digital asset ownership and new governance rights.”

Currently, the four decentralized meta-universes with a wide range of applications are: Decentraland , Somnium Space, CryptoVoxels and The Sandbox (not yet online). Creators can build (and profit from) structures such as virtual casinos, art galleries, and theme parks.

We have an in-depth learning section about each meta-universe here. Below is a brief overview of each meta-universe.


Decentraland is unique in that it is owned and run by users, rather than running on a central server. All content is hosted on nodes, which run on different computers around the world, which makes it decentralized. This means that it cannot be closed and will always exist on the blockchain.

Does Metaverse have the potential to become a successor to the Internet

Founded: 2017

Project founders: Esteban Ordano, Ari Meilich

Project leader: Decentralized community (via DAO)

Main graphic style: cartoon

Whether to use virtual reality (VR) technology: no

Construction difficulty: easy mode-drag and drop; advanced mode-SDK

Can the mobile terminal be used: No

Dream Space

“Somnium Space” is the second largest meta-universe running on the blockchain. The look and feel of “Somnium Space” is closest to the effect of “Ready Player One”, with the richest images and a more realistic feel. It can be a 2D experience or a VR experience. If you are looking for a complete virtual reality experience, this platform is by far the most advanced choice.

Does Metaverse have the potential to become a successor to the Internet

Founded: 2017

Project leader: Artur Sychov

Main graphic style: Realism

The main focus of the platform: virtual reality

Whether to use virtual reality (VR) technology: Yes

Difficulty of construction: simple-drag and drop

Can the mobile terminal be used: Yes (3D web version)


In terms of area, “Cryptovoxels” is the smallest of all meta-universes. However, it is also the only world that can expand continuously, and it can expand infinitely. So far, it is the easiest way to get started. If you want to explore, a simple URL click can push you into the world without fancy software or specific hardware. In the real world, we can simply drag and drop bricks to build.

Does Metaverse have the potential to become a successor to the Internet

Founded: 2018

Project leader: Ben Nolan

Main image style: Voxels (MineCraft style)

Whether to use virtual reality (VR) technology: Yes

Difficulty of construction: simple-drag and drop

Can the mobile terminal be used: Yes

What will happen in the future?

The recent surge in the NFT market has attracted more and more people and big brands to try to decentralize the development of the meta universe. Many companies are exploring use cases of innovative technologies to attract users into the meta-universe and build a bridge between the physical world and the digital world. They realize that it can bring new opportunities to creators, players and artists like NFT.

For example, the traditional auction house Sotheby (Sotheby) recently established its own gallery in Decentraland, while the world-renowned sports brand Adidas and Karlie Kloss organized a digital fashion show in Decentraland. show. Decentral Games became the world’s first official meta-universe employer, proving that virtual reality can be not only a place for entertainment and business, but also a place for work.

As more and more people appear at this gathering, the land in the meta-universe becomes more and more valuable. Some people even speculate that one day it will be as valuable as the physical land, and it may become its own ten thousand yuan. Billion-dollar industry. Eric Elliot is a coding and blockchain expert and a enthusiast of blockchain. He said that the meta-universe land may grow to 10 times the total value of the current global economy.

These speculations have proven to be a reality in the near future. The original land of “Decentraland” earlier this year sold for more than $900,000. Coincidentally, in February 2021, a piece of virtual land on the blockchain game ” Axie Infinity ” Sold for $1.5 million.

This is an exciting price. Many people will ask, what is the digital land used for in the meta-universe? With the rise of digital art, digital fashion and games, people’s demand for digital land is also increasing. Encrypted art galleries are popping up everywhere to showcase digital art. Virtual characters in the meta-universe wear digital costumes, and meta-universes like “the Sandbox ” provide an interactive environment for games.

In the words of venture capitalist Matthew Ball, Metaverse will become “the gateway to digital experience; a key component of surreal experience, creating the next great workforce platform.” Only time will tell. We, whether Metaverse has the potential to become the successor of the Internet and lead a new creator economy.


Posted by:CoinYuppie,Reprinted with attribution to:
Coinyuppie is an open information publishing platform, all information provided is not related to the views and positions of coinyuppie, and does not constitute any investment and financial advice. Users are expected to carefully screen and prevent risks.

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