All You Need To Know About The Decentralized Metaverse (Shorts)

The Metaverse is a decentralized virtual reality (VR) world powered by the blockchain and built on top of existing VR platforms. Users can create avatars and explore the world with other users in a variety of locations and subcultures. Users can also build communities centered around common interests, such as art, sports, politics, or video games. Each user has complete ownership over their digital identity, assets, and services.

There are no intermediaries or centralized authority. The Metaverse is based on the principles of decentralization, transparency, and fairness by removing intermediaries and centralized authorities from conventional services like e-commerce sites, social media apps, or online search engines.

This article covers everything you need to know about the Metaverse including its history, founders, advisors, team members, partnerships, competitors, services offered by its partners (e.g., Spat), competitors (e.g., High Fidelity), patent details (for technology patented by Metaverse) and its roadmap (including future development plans).

-- Yash Deharia