Collectibles in the Metaverse [Infographic]

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(Last Updated On: January 18, 2022)

The Metaverse is a rapidly growing and successful combination of technologies and human interaction that includes virtual and augmented reality, holograms, NFTs, avatar building, and many other programs that are available to users. Since its conception, the Metaverse, also known as cyberspace, has grown to be worth $47.69 billion (2020). This technology is revolutionary, and its success can be attributed to dedicated users, a shifting focus towards the digital space, and the introduction of hardware segments.

The Metaverse works hand in hand with businesses, as brands can enter this space and use the technology to upgrade and revolutionize their products. For example, Meta Platforms (formerly known as Facebook) dipped its toes into the Metaverse and has created Horizon Worlds, a platform where users can create worlds and items from scratch and virtually spend time with up to twenty users at once. Other programs have had success in cyberspace; Both Ready Player Me and Decentraland offer users a unique virtual experience where one can trade assets, customize avatars, and even create artwork from the comfort of their own device.

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