Blog Jan. 12, 2022, 2:08 p.m.

What is Metaverse?

Written By Ginoa

Introduction

Metaverse is simply a virtual world where people feel themselves with augmented virtual reality devices such as computers, 3D devices, etc. This virtual-world makes it possible for people perform some actions, such as going to shopping, theater or a concert or maybe even more without changing the physical enviroment. So basically you can do anything and go anywhere you want to while you’re sitting on your couch.

 

The Word comes from “meta” and “universe”. This concept first showed up in the 1990’s. Although it was citicized as an exaggerated and unrealistic thought at first, today it became real and popular. One of the reasons for its popularity is that the cryptocurrency market and related projects have become widespread.

 

 

Metaverse and NFT’s

Some metaverse projects use NFT tokens as proof of the “ownership”. Decentraland is a great example of this. Decentraland is a popular metaverse project. In Decentraland, lands are sold by NFT tokens. It basically stands for a “land register”. If you want more informations about NFT, you can read it in the “NFT” content in our website.

 

Ginoa and Metaverse

As you know, Ginoa is an artificial intelligence-based NFT pricing service. Since Metaverse and NFT’s are related to each other, Ginoa becomes related to both of them.  To go through the Decentraland example, Ginoa basically gives accurate prices to lands.  Ginoa makes the pricing process according to the closeness of the land to the center with artificial intelligence and presents it to you. In brief, this makes it possible for you to own a land at the most accurate prices, to invest wisely and not to make losses. If you are interested in Ginoa’s process, you can also get more informations about how Ginoa actually works and how can you use it from the other contents on our website.

You might also enjoy