METAVERSE — New Reality?
METAVERSE : The New Reality and How you can benefit from this METAVERSE
What is the Metaverse?
The word “Metaverse” is coined from a combination of the prefix “meta” which means beyond and the word “universe”; the term is typically used to describe the futuristic concept of internet evolution in a perceived virtual universe.
The Metaverse is a combination of multiple elements of technology, including virtual reality, augmented reality and video where users “live” within a digital universe. It is basically an online virtual world that also incorporates 3D holographic avatars. As the Metaverse expands, it will offer a hyper-real alternative world for you to coexists in. The proponents of the Metaverse envision that the users will work, play, stay connected with friends through everything from concerts and conferences to virtual trips around the world.
Game designer Ralph Koster defines the Metaverse as a multiverse, which consist of multiple different worlds connected in a network which do not have a shared theme or ruleset, which interoperates more with the real world, incorporating things like augmented reality overlays, VR dressing rooms for real stores, and even apps like Google Maps.
Who is using it?
The Metaverse today, is a virtual space shared by people who are represented by digital avatars. This digital world constantly grows and evolves based on the decisions and actions of the within it. Eventually, people will be able to enter the Metaverse, completely virtually, for example with the aid of virtual reality or interact with parts of it in their physical space with the help of augmented and mixed reality.
Where can you find the Metaverse?
Neal Stephenson famously coined the term “Metaverse” in his 1992 novel Snow Crash, where it referred to a 3D virtual world inhabited by avatars of real people. Stephenson’s book remains one of the most common reference points for Metaverse enthusiasts, along with Ernest Cline’s 2011 novel Ready Player One.
In most current discourse, the Metaverse does not have a fixed set of attributes. It is an aspirational term for a future digital world universally accepted as a fancy successor to the internet and feels more tangibly connected to our real lives and bodies.
Features of METAVERSE-What?
Tech industry figures who talk about the Metaverse are usually excited about digital platforms that include some of the following things:
*Feature sets that overlap with older web services or real-world activities
*Real-time 3D computer graphics and personalized avatars
*A variety of person-to-person social interactions that are less competitive and goal-orientated than stereotypical games
*Support for users creating their own virtual items and environments
*Links with outside economic systems so there can be trading of virtual goods
*Designs that seem well-suited to virtual and augmented reality headsets
Informally, the Metaverse is also used to describe any digital platform that meets the criteria listed above. Epic’s FORTNITE and Facebook’s HORIZON have been individually described by their own people as one piece of a larger interconnected Metaverse not unlike the individual social network on the present-day internet.
Second Life, a virtual world that is not a traditional game, has been frequently described as a Metaverse. So too is ROBLOX which is referred to by some people as the Metaverse.
Microsoft’s MINECRAFT and the lower profile THE SANDBOX, which incorporates a complex cryptocurrency-based economy, are also regarded as examples of the Metaverse.
Why Metaverse?
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Whether in virtual reality (VR), augmented reality (AR) or simply on a screen, the promise of the Metaverse is to allow a greater overlap of our digital and physical lives in wealth, socialization, productivity, shopping and entertainment.
These two worlds are already interwoven as shown by several present world examples. Think about the UBER app telling you via location data how far away and where the car is. Think about how Netflix gauges what movies you have watched before making suggestions. Think about how the LiDAR scanner on the new iPhones take 3D scan of the surroundings. Basically, the Metaverse, also known to many proponents as the Web3, is an evolution of our current internet.
Online communities have existed since the mid-1980s and progressed in the 1990s with chatrooms, AOL instant messenger and social media sites. The game The World Of Warcraft became a persistent social scene for millions in the early 2000s. Internet communities have continued to sprout up like mushrooms in and around games.
Today, logging onto FORTNITE, joining a chat with friends over a digital platform and launching into a game with them is, especially to the present younger generations, just as social an experience as most other physical interactions.
How $CAGS Community can get involved in the Metaverse?
As you are aware, many corporations are having their own vision of Metaverse. Like Internet, each of these Metaverses will all be connected and we will be able to move from one metaverse to another metaverse. $CAGS Community could potentially create its own metaverse, CAGSverse to be connected with other Metaverses.
In this way, CAGS Community can gather together to meet, share and play online games by entering into the Metaverse. We can possibly appear in real form as hologram in real meetings in the Metaverse.
How do blockchain and $CAGS come into play in the Metaverse, you may ask?
Blockchain will increasingly be used to ensure that these virtual world and currencies are safe in the Metaverse.
According to experts, the Metaverse will only really be considered a true metaverse, a legitimate parallel world, when there’s enough money being exchanged inside it for it to be considered its own economy. In order for these digital economies to hold up against hackers and fraud, they’ll have to be encrypted, meaning that any money exchanged is verified via blockchain.
We will buy and sell goods and services via the Metaverse using $CAGS among our community. We will buy things for the metaverse using $CAGS too: digital experiences, art, clothes. We are already seeing this in games like Fortnite and Roblox, where kids are spending their pocket moneys on skins and accessories for their avatars. We will buy and develop land, rent out buildings and create and sell digital NFTs, assets and experiences in Metaverse using $CAGS.
What will these objects be? NFTs. Because unlike other kinds of digital file, NFTs use blockchain to certify their legitimacy. This means that they are immutable and, crucially, retain their value.
We would expect that the demand for $CAGS would increase in the near future when the DAO is involved in the Metaverse.
We will be working on expanding our community via several tie ups. This includes getting virtual land in Sandbox or Somnium Space exclusively accessibly by our token holders. We are in the process of figuring the best land investments and will be working on building it out as our own. The plan is to make that a super fun space that we can all hang out in as a community! It’s a nice size piece of land so we can pretty much do anything we want
$CAGS is the first Crypto Gold DAO to be built on Binance Smart Chain. The Vision of $CAGS is to become a Decentralised Autonomous Organisation (DAO) that will buy or sell digital assets, crypto assets and NFTs collection over time using the Binance Smart Chain for our community .
$CAGS is also a digital money designed to offer financial freedom to everyone. Payments are instant, easy and secure, with near-zero fees. The Community can purchase goods at thousands of merchants and trade it with $CAGS around the globe and in the Metaverse. Community can gather in the Metaverse to play games and win prizes.
Its uniqueness is that it is a DAO and a digital gold backed by physical golds and other digital assets. The target price of CAGS is expected to be the price of 1 troy ounce of Pure Gold, which is about $2000.
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