TL;DR 👀

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

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

References

https://www.techtarget.com/whatis/feature/The-metaverse-explained-Everything-you-need-to-know

https://www.forbes.com/sites/deborahlovich/2022/05/11/what-is-the-metaverse-and-why-should-you-care/?sh=6490bb4c2704

https://cointelegraph.com/metaverse-for-beginners/a-beginners-guide-to-the-gamefi-ecosystem