What actually is the metaverse?

What is the ‘metaverse’?

The word ‘metaverse’ broadly refers to shared virtual worlds through which users can interact with others. This could be anything from videogames to virtual chatrooms and includes 3D, VR and AR applications.

Are all metaverses linked to NFTs and crypto?

Although it isn’t necessary, many metaverses today are tied in with crypto. Explanations as to why this is the case vary from ‘we’re all nerds’ to ‘NFTs and crypto tokenization enable virtual economies to run identically to real-world ones’, with a synthesis of these arguments offering the most likely explanation.

The AR metaverse

The metaverse of the future is strongly linked to VR tech in the eyes of many people. It really does seem almost unreal to be able to put on a headset and interact with others as if they were there in front of you.

Hololoot and the AR metaverse

Hololoot is helping spread both NFTs and the metaverse through our AR app. We make it easy to generate and trade AR assets from any compatible 3D model — which means you can bring your virtual avatars to life. While this is a cool nice application for now, we have a long-term vision on what the AR metaverse can accomplish.

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Hololoot

Hololoot

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World’s First AR Metaverse NFT Generator and Marketplace