The Metaverse and NFTs as the future of Business on the Internet

So many questions have been raised and asked regarding the difference between the Internet and the Metaverse;

The Internet is a vast network that connects computers all over the world. Through the Internet, people can share information and communicate from anywhere with an Internet connection. People interact on the internet, facilitate business activities such as buying and selling e.t.c

The metaverse is a virtual world on the internet where people can mimic their physical world facilitated with Virtual technologies gadget such as Augmented Reality, Virtual Reality, Social Media, AI and digital currency for business transaction among it users.

"People browse on the internet while people live on the metaverse''

The term " Metaverse'' is the combination of the word "Meta'' and "Universe''. Originated from the science fiction novel "Snow crash'' in the year 1992.

It's the hypothetical translation of the internet into a single, universal and enveloped virtual world that is access by Virtual Reality (V.R) or 3D headset designed for social connections.

According to "Phillip Rosedale'' The metaverse is a three- dimensional internet that is populated with live People.

Imagine a virtual world in which people live, work, shop and interact with others -- all from the comfort of their couch in the physical world. This is known as the metaverse.

With Facebook changing it corporate name to META in 2021, the metaverse is now considered a next evolution of the internet that will be taking different form e.g online communities, gaming and business meetings where people collaborate using avatar of themselves and their business logos.

The metaverse provides opportunity to own digital assets such as Real estate Properties, Vehicles and other fixed assets in the virtual world, which can later be sold and turned to Cryptocurrency.

In the metaverse, digital currency is used to buy clothes, shoes, bags or weapons and shielding in the case of video games -- and many other items. Users can also virtually travel through the metaverse for experience and fun with no goal in mind using a virtual reality headset and controllers.

The Non Fungible Tokens (NFTs) has a key role to play in the metaverse in facilitating exchange and holding of digital asset among users.

NFTs are a secure type of digital asset based on the same blockchain technology used by cryptocurrency. 

NFTs can represent a piece of art, a song or digital real estate. An NFT gives the owner a kind of digital deed or proof of ownership that can be bought or sold in the metaverse.