What is the meta universe? How does NFT fit into the meta universe? Imagine a virtual world in which billions of people live, work, shop, study and interact - all from their comfortable sofas in reality. In this regard, the computer screen that we use today to connect to the global information network has become a portal to the 3D virtual field, which is within reach - just like real life, but bigger and better. Our own digital fax, or avatar, moves freely from one experience to another, taking away our identity and money. This is the so-called virtual. Despite the hype, it does not exist today. So what is the meta universe? Now let's get to know.

What is the meta universe?

The universe is a vision, and many people in the computer industry believe that this is the next iteration of the Internet: a single, shared, immersive, and lasting 3D virtual space in which humans can experience life in a way that is impossible to experience in physics.

Some technologies that provide access to the virtual world, such as virtual reality (VR) earphones and augmented reality (AR) glasses, are developing rapidly; Other key components of the meta universe, such as adequate bandwidth or interoperability standards, may take years or may never materialize.

How does NFT fit into the meta universe?

Non replaceable token (NFT) plays an important role in the practicability and popularity of the meta universe. NFT is a secure type of digital asset, based on the same blockchain technology used by cryptocurrencies. NFT can represent a work of art, a song or digital real estate, rather than currency. NFT provides owners with a digital contract or proof of ownership that can be bought and sold in the meta universe.

Metaverse Group claims to be the first virtual real estate company. It acts as an agent to promote the purchase or lease of property or land in multiple meta universe virtual environments, including Decentraland, Sandbox, Somnium and Upland. The products include conference and commercial space, art gallery, family residence and "leisure place".

Although Yuanjie has created opportunities for new companies such as Metaverse Group to provide digital goods, old physical companies have also joined in. For example, Nike has acquired RTFKT, a startup that makes unique virtual sneakers and digital products that use NFT, blockchain certification and augmented reality technology. On its website, RTFKT said it was "born in the meta universe, which defines how it feels today."

Prior to the acquisition, Nike submitted seven trademark applications to help create and sell virtual sneakers and clothing. Nike and Roblox also jointly developed "Nikeland", which is a number where Nike fans can play games, connect virtual images and wear virtual clothes for their avatars.

"NFT and blockchain have laid the foundation for digital ownership," said Nick Donarski, co-founder of Ore System. Ore System is an online community composed of game players, content creators and game developers. "A person's ownership of real identity will continue to the meta universe, and NFT will become such a carrier."

How does the meta universe work?

As the meta universe is largely unfinished, there is almost no consensus on its mode of operation.

But in a broad sense, the meta universe is a digital ecosystem based on various 3D technologies, real-time collaboration software and decentralized financial tools based on blockchain.

Factors such as interoperability, data portability, governance and user interface between virtual systems will depend on the development mode of virtual systems.

When Lauren Lubetsky, senior manager of Bain, delivered a speech at the conference on the meta universe at the MIT Platform Strategy Summit in 2022, he outlined three possible scenarios:

1. Virtual is still a niche application field, and consumers use it for entertainment and games, but it is far from becoming an all embracing virtual reality.

2. The meta universe is controlled by a large competitive ecosystem -- for example, Apple and Android meta -- with limited interoperability.

3. Virtual is a dynamic, open and interoperable space, much like the Internet, but in 3D.

In general, the above content introduces in detail what the meta universe is and how NFT is integrated into the meta universe. I believe you will understand it after reading it. In short, the meta universe is still a set of possibilities, not reality, and there are many unknowns. How the meta universe will emerge, who will control it, what it will contain and how much it will affect our lives remain to be discussed. On the one hand, those who believe that the meta universe will improve our lives and make us have experiences that we cannot have in physics.