The Metaverse as a new paradigm of digital interaction

The concept of the metaverse has gained increasing popularity in recent years, but its roots date back to 1992, when writer Neal Stephenson described this idea in his novel “Snow Crash.” In the work, the metaverse was a layered space that combined elements of virtual, augmented, and mixed reality, existing parallel to the physical world.

What is meant by the term metaverse

Modern interpretation of the metaverse describes it as a three-dimensional digital environment of permanent existence, where users can interact, work, entertain, and communicate. Many experts refer to it as the “internet of experiences” or “the third iteration of the World Wide Web,” combining Web3 principles with cutting-edge technologies.

It is worth noting that the vast majority of tech giants and innovative startups are developing their own versions of such virtual spaces. Some explicitly position their projects as the metaverse, while others cautiously avoid this term. Interestingly, many analysts consider video game platforms to be the most successful practical implementation of the metaverse idea to date.

The role of blockchain in the development of the metaverse

Although blockchain technology is not a mandatory condition for the functioning of the metaverse, it creates unique opportunities for its full development. Distributed ledger technology allows for the implementation of a complete digital economy with independent currencies, functional tokens, and collectible assets (NFT) that users can truly own.

Cryptographic wallets provide users with an unprecedented level of control over their virtual assets, ensuring their security and mobility even between different metaverses. Additionally, blockchain infrastructure guarantees transparency and reliability in managing data of future digital worlds.

Thus, the metaverse is viewed not just as another technological innovation, but as a fundamentally new level of organizing digital space, where blockchain solutions will play a key role in ensuring autonomy and fairness for every user.