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Never-ending line of changes in innovative ideas across world

Editorials 2022-01-15, 10:59pm


Mozidur Rahman Biswas

Mozidur Rahman Biswas

‘Metaverse’ is a concept that is quite literally out-of-this-world although it has garnered a lot of social attention. Most people are still trying to wrap their heads around it, ever since Mark Zuckerberg changed Facebook's name to Meta. Many people, across the globe have asked how they can become a citizen of the metaverse?

Analysts believe, with many offerings like 2D interactive platforms to a fully immersive virtual reality (VR) experience – a computer-generated environment aims to mimic real life. In the metaverse, people can travel — virtually — to different places or they can work in offices alongside 3D avatars of their colleagues. Although, the concept isn't entirely new as metaverse already exists today through games. Today's gaming industry allows people to create their own alternative universes such as the popular metaverse game 'The Sandbox' or DAO-governed Metaverse project, Decentral Games that allows people to earn while playing. All these are the fruits of modern innovative ideas of new time that contribute , in many ways, in never-ending ways which general people, even maximum educated class too do understand very little.  .   

Most notable impact of the Metaverse fever was on Decentraland's virtual land value, which skyrocketed after investors realized the potential of this new concept. Overall, Decentraland's MANA reached new all-time highs last month increasing from a mere $2 to about $4.5 mid-November. Their virtual plots of land even sold for 618,000 MANA tokens, worth about $2.4 million at the time.

As more entities expand to the Metaverse, participating in these universes will require crypto tokens. Bloomberg Intelligence estimated that metaverse could be an $800 billion market opportunity by 2024, and this is probably one reason why investors are buying up metaverse tokens due to FOMO.The nation of Barbados is also preparing  to establish a virtual embassy in Decentraland's metaverse, connecting international diplomacy and digital real estate. This further increased MANA’s prices with a 6 percent  weekly increase in price and an annual surge of 3812.4 percent.

Keeping these benefits in mind, the region's largest crypto asset provider, BitOasis recently launched12 new tokens including Decentraland’s MANA, that one can now buy or sell for zero fees, according to internet experts.For certain, metaverse could fuel cryptocurrency adoption and the only uncertainty that will remain will be over which tokens will eventually win. Learn more on BitOasis, a place to easily buy, sell and store crypto currencies.

The above lines are wonders of the modern wonderland in which we all are living here and there across the globe. We being general people do not have the knowledge of this latest innovative methodology, but the advancement of civilization will not wait for us. Contemporary knowledge base has to be more widened to march ahead with the continuous flow of the path of scientific innovation that proceeds faster than the ideas and knowledge of today's youngsters or even children. This is life, life is like that!