Basic Concepts
What is a Metaverse?
Before Bitcoin, there were several attempts to create virtual currencies; for instance, E-Gold. All these attempts failed because they did not fulfill all the conditions necessary to be considered valid cryptocurrencies.
We face a similar problem with Metaverses. No one has successfully created one yet, and all attempts are failing because no one has come up with a solution that satisfies all the necessary conditions:
A Metaverse is an entertainment product.
A Metaverse must include a valid and functional crypto economy.
A Metaverse must provide a valid social networking experience.
A Metaverse must be accessible via a TV or video screen and not be limited to VR.
A Metaverse must offer virtual identity.
A Metaverse must be scalable without technological limitations to reach everyone.
A Metaverse must have a theme or universe behind it.
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