![]() The virtual world is made up of a grid of parcels, each one of which can be purchased and owned by an individual or organisation. It is built on the Ethereum blockchain and has a growing community of creators and developers. 10: CryptovoxelsĬryptovoxels is a virtual world platform that allows users to buy, sell, and own virtual land using cryptocurrency. The emerging metaverse could also have a range of applications for enterprises, with no better example of tech companies' interest in the metaverse coming from Facebook's rebrand to Meta heading into 2022.īut while the metaverse has massive potential - research by McKinsey suggests it could be worth as much as US$5tn by 2030 - adoption has been slower than some people expected.Ĭould 2023, then, be the true year of the metaverse? We look at 10 of the top metaverse platforms to keep an eye on. These technologies allow users to experience immersive and realistic virtual worlds, which has led to the development of a wide range of metaverse platforms such as Decentraland, The Sandbox, and Cryptovoxels, that are becoming increasingly popular among users. One of the key drivers of the metaverse's popularity is the increasing availability of VR and AR technology. ![]() The concept of the metaverse has been around for decades, but recent advances in technology such as virtual reality, blockchain, and 5G networks have made it more accessible than ever before.
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