A super brief summary of the chapter
What is the Metaverse
The metaverse is a virtual world in which people live, work, shop and interact with others –– all from the comfort of their couch in the physical world
In the metaverse, users traverse a virtual world that mimics aspects of the physical world using such technologies such as virtual reality (VR), augmented reality (AR), AI, social media and digital currency
Metaverse Economy
Non-fungible tokens (NFTs) figure to play a big role in the usefulness and popularity of the metaverse
The current increase in attention to the Metaverse is partly driven by the very recent ability to fully ‘own’ virtual objects, experiences, or land
Metaverse Companies
Some popular metaverse companies include Facebook, Epic Games, and Microsoft
GameFi is a system where gamers and creators can accrue value in cryptocurrencies and non-fungible tokens (NFTs) for themselves through gameplay
GameFi stakeholders include game studios, metaverses, gaming guilds, NFT renting platforms, gaming marketplaces and game launchpads