In this blog article, we will dip into how to enter the metaverse. Metaverse has already become a part of our life with social media improvements, virtual reality, artificial intelligence, and so on. We still live in this routine of the real world. However, soon our perception of reality might change! We are not talking about time travel or parallel universes. Especially the ongoing pandemic introduced us to new virtual reality. We’re able to work, study, meet up with friends from the comfort of our homes.
Like it or not, the metaverse reality is coming soon into our lives. Maybe, you are not a person who wants to completely adapt to the metaverse reality. Yet, you still can profit from the metaverse. There are multiple steps that explain how to enter the metaverse.
But first, what is the metaverse?
It is difficult to explain the metaverse. Since it is a popular concept that is still building up. Metaverse is a virtual social space where people can hang out, work, and play through different devices. There is no special device to enter the metaverse. You can use VRs, smartphones, laptops, and so on.
Another answer to what is the metaverse: is simply the combination of the real and virtual world. There is a space for every need in the metaverse. Instead of being in front of the screen, you can experience all your activities online. You can go shopping, meet people, or go to concerts.
Indeed, there are several advantages of the metaverse. Firstly, just like real life metaverse is an active world that can’t be reset. The boundaries between reality and virtuality are blurred. Moreover, technology is fast developing to provide realistic experiences. Furthermore, since metaverse is the reflection of the real world, each user has individual agency. Lastly, virtual economies are already created through cryptocurrencies.
How to enter the metaverse?
Especially, with the change of Facebook to Meta, the curiosity about Metaverse has increased. Metaverse is still processing. However, entering the metaverse is not that difficult. There are opportunities for every need or demand. Are you curious about how to enter the metaverse? The easiest way is to look at metaverse trends!
Metaverse is a whole new trend that increased in 2021. However, various metaverse trends emerged immediately. Here is how to invest in metaverse trends:
1. Investing in crypto coins
Metaverse coins are significantly growing in the cryptocurrency world. Big companies are already interested in metaverse coin projects. Some of the upcoming trending metaverse cryptos are AXS, MANA, and SAND.
Sandbox was created in 2011. Then the gaming company introduced the SAND crypto coins (in 2021) that are used in the platform. Through Sandbox you can play games, enjoy NFT exhibitions and socialize with other people.
There are multiple platforms where you can follow and analyze cryptocurrencies:
2. Get a crypto wallet
The metaverse has its ongoing digital economy. To send, receive and spend the crypto coins you need a digital wallet. Crypto wallets ensure that your private keys and cryptos are safe.
3. Invest in NFTs
To invest in NFTs, first, we must know what an NFT is. An NFT (non-fungible token) is a virtual entity that imitates real-world entities such as art, music, games, and other items. NFTs are built just like cryptos. However, the only similarity is in their programming. You can exchange or trade cryptos just like money. However, you can not exchange NFTs. Therefore, NFTs are unique and limited. By buying an NFT you are having ownership of an original item. So, there is one owner for each NFT item. Indeed, you can sell NFTs just like your real-world owning.
Firstly, we discussed how to enter the metaverse. Then we went through how to invest in metaverse and metaverse trends. However, the metaverse is more than an individual virtual experience. Since metaverse is the representation of the real world, there is a place for businesses too. As an entrepreneur, you must know what is metaverse for businesses. Therefore, how businesses can profit from metaverse?
The ongoing pandemic increased the opportunities of working from home. We are already familiar with online meetings. Metaverse allows businesses to have active virtual meetings. So that, you are not just staring at your screen, but you are a part of this virtual world. Meetings can be done through different devices such as laptops and VR assets. Indeed, with the developing technologies, virtual reality devices will become even more affordable. Creating a virtual office that represents a real-world office is more profitable than physical offices. Most importantly, an active workspace will be created for people who are struggling to focus while working alone from home.
Furthermore, entertainment, gaming, and fashion companies are already shaping the metaverse. If you are a startup in these areas you have a great chance to succeed. However, this doesn’t mean that other businesses can’t enter the metaverse. Since metaverse is the imitation of reality, all the companies have the opportunity to work in the metaverse. Yet, the metaverse is still developing and there are no specific rules of how to enter the metaverse. However, many cosmetic businesses entered the metaverse by developing avatars, NFTs, and games.
To conclude, in this article we discussed how to enter the metaverse. It is important to follow fast-changing metaverse trends if you want to be more just a user. There are no limitations or risks to entering the metaverse world. Since companies are already joining, metaverse will certainly be part of our lives. Yet, metaverse for startups might be scary. Do you have a startup idea for the metaverse? Then you might consider joining our community! You can meet other enthusiastic young entrepreneurs who can help you shape the future.