Metaverse
METAVERSE By Ebuka Ugboma FICMC, ACIArb UK Metaverse is a decentralized platform for virtual reality, augmented reality, and other peer-to-peer networks. Through the use of blockchain technology and digital identity, Metaverse allows the traversing of an immersive world that is persistent, open-source, and shared. Users are able to create their own avatars in order to interact with each other. The system features digital assets as well as smart contracts that run without a centralized control system. Metaverse is an open source public blockchain that uses digital identities based on the blockchain concept. It has several technical features including: The development of Metaverse began in 2014 by the Metaverse Foundation. A private blockchain was launched in December 2014, and a public blockchain was launched in September 2016. Metaverse aims to develop a decentralized platform based on public participation mechanism, digital identities and value intermediaries to link t...