By Luke F - Cryptocurrency Dealer` - 02-11-2021
In a recent announcement by Mark Zuckerberg, he declared that the Facebook company will now officially become "Meta" as he moves the business to join the metaverse. Simultaneously, the price to buy Decentraland (MANA) increased at a staggering rate due to the sudden interest in the metaverse.
Aside from the cryptocurrency industry, the newfound interest in virtual environments also lit a new candle for the NFT industry. Metaverse based businesses that sell NFTs have been gaining an overwhelming amount of popularity since the Facebook announcement.
Here's what you need to know for anyone who is unsure about the metaverse and why it is crucial for the ever-expanding digital era. The metaverse is another term for a world within virtual reality. Within virtual reality, people can interact with anything, including other users, digital objects, and the world itself. Much like a game, users interact through their avatars within the digital world.
Similarly, the reason for the Decentraland price to escalate drastically is due to its built-in metaverse. Because the world of virtual reality is being given an attention boost, the price to buy MANA coin UK skyrocketed as it is a cryptocurrency used within its own world. MANA is used to purchase plots of land within Decentraland's metaverse, known as "Land," this not only helps track real-estate parcels and allows landowners to have complete control over their newly bought plots.
When it comes to how the metaverse can affect our society, it can actually be used in many ways. It allows artists the connect with their fanbase, it can allow people to view real-estate and products without leaving the house, it can even replace zoom calls by hosting meetings in a virtual conference room. The metaverse can also be used as a way to heal the body and mind; there have been studies on using it for soldiers to overcome PTSD or for people with chronic pain to feel relaxed. There are many versions of the metaverse that can be integrated into society to benefit the new era.
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