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:

  1. A Metaverse is an entertainment product.

  2. A Metaverse must include a valid and functional crypto economy.

  3. A Metaverse must provide a valid social networking experience.

  4. A Metaverse must be accessible via a TV or video screen and not be limited to VR.

  5. A Metaverse must offer virtual identity.

  6. A Metaverse must be scalable without technological limitations to reach everyone.

  7. A Metaverse must have a theme or universe behind it.

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