Metaverse (9)

In October 2021, the metaverse burst onto the global stage, capturing attention as the anticipated future of technology. Neal Stephenson's book, Snow Crash, published in 1992, introduced the idea of t

Imagine a world where reality and virtuality seamlessly blend — a concept vividly explored in the novel "Ready Player One" by Ernest Cline. The story revolves around exploring and completing quests in a virtual realm, revealing the potential of metaverses — digital worlds where individuals interact, create, and engage with a parallel reality.

Virtual reality (VR) has come a long way since the early days of Web1. VR experiences were as basic as a stick figure drawing back then. But as technology advanced and the web became more interactive,

Have you ever stopped to think about how advances in avatars, virtual reality, and online worlds influence our digital future and Web3? From the primitive figures found in early video games to the sophisticated 3D models in today's virtual universes, the evolution of digital avatars has been extraordinary. These avatars and their realities have progressed, becoming more lifelike and realistic, similar to our own world.

Web3, the third step in Internet’s history, changes everything. Where Web1 gives people information and Web2 lets them interact, Web3 gives them control. It’s not just about money, but how we purchase, how we govern our digitized identities, how we learn, and so much more.

Without a doubt, one of the biggest trends in the cryptocurrency industry throughout 2021 has been nonfungible tokens. Prices of blockchain-based collectibles, artwork, GameFi assets and other virtual items have gone through the roof — leaving many on the sidelines scratching their heads. In this OKX Insights in-depth examination, we look closely at the NFT phenomenon and the value propositions of the most successful collections. 

With a total market cap of more than $19 billion , GameFi and blockchain gaming seems to be making a comeback in the crypto scene as it once again seeks to disrupt the $175 billion global video games market. Titles like Axie Infinity and its more than $1 billion in total in-game asset sales have piqued the traditional gaming industry’s interest. So much so, we’re now seeing giants like and the GameFi sector.

Despite a brief period of waning interest as cryptocurrency prices pulled back from all-time highs set earlier this year, the nonfungible token market is red hot. Digital artists, musicians, and game developers are rapidly reimagining the relationship between creators and consumers using NFTs. Although the sector is increasingly varied, one niche finds itself at the center of this renewed wave of interest: profile-picture NFTs.

Just as Jules Verne imagined the moon landings more than a century before Apollo 11 made its historic touchdown and HG Wells foresaw the atomic bomb decades ahead of its real-world creation, technological progress often turns science fiction into science fact. The number of online virtual worlds launched over the last decade suggests we're closer than ever to another once-far-fetched idea escaping the pages of literature to become a reality. The so-called “metaverse” may soon be upon us, and with it'll arrive new forms of social interaction, economic possibilities, online experiences, and creative avenues.