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Metaverse November 20, 2021

Ethereum was the ‘Metaverse’ before Facebook

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All objects and addresses in the Ethereum metaverse are part of a cryptographic truth ecosystem. The Ethereum blockchain exemplifies this concept by enforcing ownership over its realm of digital assets in a continuous, permanent, and trustless manner. All transactions in the Ethereum metaverse are intrinsically “trustless,” which means they don’t require human trust to work.

Facebook Metaverse vs. Ethereum Metaverse

Prior to Facebook, the word “metaverse” referred to Ethereum’s distinct digital ecosystem. Firts-principles design does not include AR, VR, AI, or other ‘future’ technologies. Rather, the Ethereum metaverse has always referred to apps that are trustless, open-source, private, and uncensorable.

Facebook has never been a member of the crypto-libertarian movement, and it doesn’t appear that it will be any time soon. “A virtual reality construct meant to displace the internet, connect virtual life with real life, and create unlimited new playgrounds for everyone,” according to Mark Zuckerberg’s version of the metaverse. Facebook has a very different metaverse definition than ETH.

Facebook appears to want to redefine the term “metaverse” to refer to the relationship between the digital and real worlds. This is not mentioned in Ethereum’s metaverse definition. Instead, the ETH metaverse is virtual first, with oracles providing access to data from the physical world.

Ethereum

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Ethereum’s Strengths

If you know how Ethereum works, you’ll see that it and Facebook are playing two distinct games. ETH is a closed network that is open to everyone at the same time. Because it is fully distinct from all other networks. Ethereum is referred to as the “metaverse”. Facebook, on the other hand, is not the metaverse; it is a private corporation.

Overall, Ethereum’s characteristics as a currency network provide it a few key advantages over other technology firms.

The main objective of Ethereum is to meet the needs of our increasingly digital society. Ethereum is a decentralized digital ecosystem governed by a consensus protocol rather than by humans. On Ethereum’s blockchain, censorship, data tracking, and regulation are all impossible.

Ethereum improves as a result of evolution (specifically, through Ethereum Improvement Proposals). Companies in the technology industry upgrade by working together. With Ethereum being a currency, it has a particularly strong network effect, attracting and retaining new users.

Conclusion

Using Ethereum is like accessing and using the “internet,” as we commonly refer to it. I believe Facebook’s rebranding of Meta Platforms is incorrect because it ignores the premise that a genuine “metaverse” should be devoid of single points of failure, as well as the fact that individuals will choose to interact within a metaverse if they have basic human rights.

All of this boils down to the fact that technology is moving in opposite ways, between centralization and decentralization, and it’s critical to identify each team and their associated motivations.

Michelle D. Madsen graduated from the University of Westminster and has been deeply involved in the world of finance ever since. She has worked as a Broadcast Journalist hosting various news shows and informative webcasts about the financial markets. Since 2004 she has also been writing for MetaNews daily, her attention to detail, and her in-depth knowledge of the financial markets have led her to cover Foreign Exchange and commodities. The world of finance has changed in the last few years with the introduction and rising popularity of cryptocurrencies and the Metaverse. She has in no means been left behind, adding this to her bank of intellect and is now also an expert in cryptocurrencies. For the last ten years, Ms. Madsen has been engaged in the financial market. She has notedly written a great number of incredibly informative reviews for the crypto, NFT and the Metaverse. Her wealth of knowledge has enabled her to become a leading expert in the field. She continues to inform the public writing up-to-date, thorough reviews for the readers of MetaNews as she has for the last decade.

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Hey Bear Club is a community-based NFT project

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Hey Bear Club is a utility-based nft that bridges the gap between the real world and the completely immersive virtual environment. It was inspired by a passion for art and fashion and aims to bring the two together.

Every bear is unique, and every holder will receive a VIP pass to the holders-only community, exclusive merch drops from well-known and up-and-coming designers, airdrops (for example, future nft drops will be sent to the holders), and first-hand experience with the hey bear club web3 activities.

The company’s goal is to cooperate with a wide variety of groups in addition to their existing stakeholder base, beginning with the community of designers and developers. This will be the platform where artists, graphic designers, fashion designers, and others working in the art and technology space can connect with one another, create together, and build for the holders of their tokens.

The design ideas of the company are meant to mirror their society in general

Although there are some that are more noticeable than others, this does not mean that there are not smaller groups or individuals. And despite the fact that they all dress up differently when they go out, the company wants its holders to have a good time, experience excitement, and go on an adventure as they make their way through the Hey Bear Club.

The gathering of the bears’ personal first aid kits is the initial adventure of the Hey Bear Club. The majority of the bears will be designed by the firm’s in-house team, but the company is also inviting individuals talented designers from all over the world to co-design some of the bears. These designers will contribute their own unique brand of creativity, ingenuity, and imagination to the hey bear club.

“We are a group of individuals who get our motivation from the worlds of art, fashion, and technology. In addition, we are on a mission to facilitate the personal development of others while including them in our exciting adventures. We bring decades of experience to the table in the fields of digital marketing, fashion, design, technology, cryptocurrency, art, and nfts.”

Twitter: twitter.com/_heybearclub_

Discord: discord.com/invite/heybearclub

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Bulgari presents its metaverse world

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On ZEPETO, the largest metaverse platform in Asia, the Italian luxury brand BVLGARI will launch a private virtual world for its customers. Beginning on the 31st of August in 2022, it will include a pop-up store known as “BVLGARI SUNSET IN JEJU” and offer guests a variety of offline and online activities.

The pop-up store and a café, both of which are physically located in Parnas Hotel Jeju, have been virtually recreated in BVLGARI ZEPETO World so that guests can enjoy themselves there even if they do not go to the actual place. BVLGARI ZEPETO World features the 2022 BVLGARI Resort Collection in Eden, which was inspired by the summer sky with hues of gold and warm apricot.

Guests can enjoy sweets and beverages at “BVLGARI SUNSET IN JEJU,” which is an embodiment of the identity of the brand

In particular, the virtual world has provided its inhabitants with a few more enjoyable options. For instance, when users finish a mission, they will be rewarded with items from the BVLGARI Resort Collection as well as signature accessory pieces, which they can use to outfit their avatars. Users are able to get a feel for the brand by dressing their avatars in classic pieces from collections like as B.zero1, Divas’ Dream, and Serpenti.

In addition, Blackpink Lisa, the brand’s worldwide ambassador, will hold a virtual live event, which is already generating a lot of attention. On the BVLGARI realm, her avatar will engage in a variety of interactive activities with the brand’s devoted followers, such as taking selfies.

Since its inception in August 2018, the metaverse platform ZEPETO, which is managed by Naver Z, has accumulated more than 320 million members all around the world. Since teens make up 80 percent of the platform’s user base, it is firmly establishing itself as a favorite hangout spot for generation Z across the world in this age of the metaverse.

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PUBG and Blackpink partner for VR concert

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Blackpink was awarded the trophy for “Best Metaverse Performance” at the MTV Video Music Awards for their ground-breaking in-game concert series that was a collaboration between PUBG Mobile and Blackpink called “The VIRTUAL.” The incredible performance, which garnered 15.7 million views from viewers all over the world, triumphed over a shortlist of six of the most famous celebrities and video games in the world, including Ariana Grande in Fortnite, Charli XCX in Roblox, and Justin Bieber in Wave. The shortlist was comprised of six of the most popular things in the world right now. In 2022, the MTV Video Music Awards, which recognize the best music videos of the previous year, will include a new category that will be titled “Best Metaverse Performance.”

The one-of-a-kind audio-visual event that took place over the course of two consecutive weekends in the month of July captivated people all over the world

The in-game event featured not only the premiere of a brand-new special tune called “Ready For Love,” but also virtual performances of BLACKPINK’s most popular songs by the group. Because of the partnership, a music video was produced, which, to this day, has had more than 151 million views on YouTube.

The members of Blackpink are seen in Ready For Love at a variety of famous locations from the PUBG Mobile universe. These locations include the island of Erangel, the Sanhok Rainforest, the Miramar Desert, the Vikendi Ice Fields, and a sea of flowers in Livik.

The film incorporates well-known elements of the video game PUBG Mobile, such as airdrops, helmets, planes, and bullets, so that viewers can feel as though they are truly a part of the PUBG Mobile universe. Fans can now watch the entirety of the music video for “Ready For Love” on the official YouTube channels of BLACKPINK and PUBG MOBILE.

As part of the cooperation, the music video for the BLACKPINK X PUBG Mobile special tune Ready For Love was launched. Since its first release, the music video has been viewed more than 146 million times. This is the first time that BLACKPINK has appeared in an avatar for a music video, and it is also the first time that PUBG Mobile has worked with artists to create a music video that features virtual images.

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