Metaverse Is Much More A Virtual Reality- Vitalik Buterin

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    Over the past few quarters, the Metaverse has evolved significantly. The most surprising fact is that enthusiasts are buying virtual properties. But Ethereum co-founder Vitalik Buterin advocates for the technology much more than virtual reality.

    Just recently, prominent crypto tycoon Vitalik Buterin stated that the Metaverse is not what we think it is. He believes it's more than that. Metaverse is a spatial computing platform that provides digital experiences as replacements or replicas of the existing world.

    “Metaverse is ill-defined and is often seen as a brand name rather than a product,” Buterin said at the BUIDL Asia conference in Seoul. It is being envisioned,” he added. “It's often associated with virtual reality, which has simpler needs, similar to wanting a laptop without a laptop.”

    Ethereum's co-founder claims that the Metaverse is what is commonly referred to as virtual reality. However, it is the largest and final of the Metaverse. He further emphasizes, “It's very convenient, but it's not really Bath.”

    According to Buterin's concluding statement, for the Metaverse to function smoothly and as desired, “the various virtual world elements that already exist, such as cryptocurrencies, virtual reality, and some AI parts, must all be combined in appropriate ways. I need something.''

    Other related news

    Earlier this week, a prominent crypto media reported that a Pakistani university had launched the country's first basic class. Lahore Information Technology University (ITU) is a famous university based in Pakistan.

    Dozens of giant companies have already entered the Metaverse category. However, some companies debut as semiconductor and other service providers.

    Metaverse market size

    According to Polaris Market Research, the global Metaverse market was worth $59.61 billion in 2022. However, the market is expected to grow significantly and reach $507.8 billion.

    The growth pace of this category from 2024 to 2030 is 37.73%.

    Can Metaverse be used in the cryptocurrency space?

    A single, centralized cryptocurrency exchange Metaverse platform eliminates the hassle of exchanging traditional currencies of one cryptocurrency for another. Some cryptocurrencies are primarily used to purchase land in the Metaverse.

    Latest information on virtual currency market prices

    The market capitalization of cryptocurrencies fell by 1.32% in the past 24 hours. At the time of writing, it was $2.64 trillion. Since the last few months, the market capitalization has been in constant decline. In March, the cap reached nearly $3 trillion.

    Market leader Bitcoin (BTC) lost 1.11% of its trading price and is trading at $70,059. There is a 24% decrease in volume. Mantle (MNT) surged 39.55% during the day to top the list of gainers, followed by Sui (SUI) 15.05%, (FET) 12.98% and SingularityNET (AGIX) 10.63%.

    KuCoin Token (KCS) lost 14.38%, Kaspa (KAS) 9.97%, Floki (FLOKI) 7.80%, Conflux (CFX) 7.31%, and Immutable 6.68%.


    The views and opinions expressed by the author or others in this article are for informational purposes only and do not constitute financial, investment, or other advice.


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