Hello everyone, hope you are all having a great day?
1). Do you think the Metaverse is "the next level of Future Technology"? Explain your personal opinion by showing some evidence.
The metaverse is actually a whole new technology of awesomeness. I never thought this day was going to come. We see it in movies all the time, where holograms are used to tell a story. Sometimes watching those movies makes me wish I could do something like that in real life. Where some characters like Iron man, thor, Spiderman, superman etc. display some acts that seems to be real. This acts are all visuals created by editors with the help of a green screen. or any character
I am somehow amazed by this new evolution of technology. Technology has really advanced to a whole new level all together and I am happy to witness this great innovations.
Metaverse I will say is definitely the next level of technology that we have never witnessed before. This technology is going to make a lot of massive development and creations for the humanity. Let's have a look at some reasons behind this;
- The integration of blockchain technology;
As we all know blockchain technology has been the trend for a while and has proven to be reliable and effective in the past few years. We all know that the blockchain technology has some many advantages that comes with its usage and applications. Its effectiveness in terms of transactions, execution of smart contracts and so on is one of a kind. From the metaverse founder, he intends to use this great technology in the development of the metaverse. So you can just imagine how effective it is going to be a project on a blockchain basis.
- Implementation of decentralized system
This system works very effectively because it has the ability to give users the freedom over their own decisions. users have total control over their own asserts and decides how to use them without any third party interferences.
From the metaverse founder, the technology will give users total control over their asserts and they can have ownership of virtual asserts in their own space. That way they can invite friends and loved ones into their virtual space zone. This will give users some kind of relief knowing they can own something that can only be accessed by them.
- Provides Investment Opportunity
We all know that the world is now a global village and their are investors everywhere looking for great projects to fund with their asserts and finances hoping to make some good profit out of it. The metaverse has various crypto based currencies which have special use case. Investors have the chance of buying them and hodling for future returns. Some of these projects even have staking platforms where investors have the opportunity to invest their money in order to make profit within a period of time.
2). Explain why Metaverse and Blockchain are compatible technology pairs.
In order to explain this, we first need to known what blockchain is all about. From our previous seasons on steemit crypto academy, we learnt that blockchain is a technology that was developed with the aim of giving users total control over usage and manipulation of the system. Therefore blockchain technology was designed to be a decentralized system where users have total control over assets, transactions, security, etc. without having to depend solemnly on a third party to function.
The metaverse is a all based on the digital space where things happen in a vital form as same as the way blockchain transactions are done in a digital form. It makes the two very much compactible and alike.
Also, there way of controlling the system is based on a decentralized means where the people are given the chance to create their own asserts and digital space. They all have the franchise to decide how the ecosystem should be run. It is like more power is in the hands of the people. This also makes the two compactible and alike in nature.
All of the transactions on the metaverse are recorded in a digital form. Where the transactions can be traced to a particular address. The holders are also known by the system, infact any thing that goes on within the ecosystem is recorded as it is done in the blockchain.
3). Choose a Blockchain-based Metaverse project and do a fundamental analysis of the project (Don't choose projects that have been discussed in the discussion above). (Screenshot Required)
From what we have learnt from the class, there are various blockchain based metaverse projects but the one I have more interest on is the METAHERO. Therefore, I will be talking on the METAHERO blockchain based Metaverse.
The Metahero is simply a 3D scanner that can take images from the real world and create the same picture in the digital world. Meaning it has the ability to capture real life objects and project them in the digital or virtual world through the use of the 3D Scanner. So incase you should have a lambo car in real life, you can definitely have it in the virtual world with the help of the Metahero.
It works on the Smart Chain Network and can be compactible with any smart chain crypto wallet. It can be connected to some crypto wallets like Trust Wallet, Metamask etc. So in order to connect it to any smart chain wallet, all you need is the smart chain address from their official site or coinmarketcap.
| Metahero | Basic Informations |
|---|---|
| RANK | 2780 |
| CURRENT PRICE | $ 0.1181 |
| MARKET CAP | $577,829,925 |
Screenshot from coinmarketcap
The METAHERO is really performing well on the crypto market.
4). Explain the steps for connecting a crypto wallet with a Metaverse project that you chose in question number 3. (Screenshot Required)
We have various crypto blockchain based metaverse projects
From question number 3, I chose to write on The Metahero Project. We can connect it to our crypto wallets for us to be able to buy or sell it. Since its a Smart Chain Network, we can copy the Smart Chain Address from coinmarketcap and then use pancake swap but I will demonstrate a simple method that will lead you to pancake swap using their official website metahero.io.
Lets go through the steps....
Step 1. Visit the official website metahero.io and on the display screen copy the contract address since we will need it along the line.
Step 2. Click on Buy Hero to be redirected to the website of pancake swap.
Step 3. Click on Connect Wallet to get connected to a crypto wallet of your choice.
Step 4. Click on the wallet of your choice which of course mine is Trust Wallet.
Step 5. Click on trust wallet to confirm
Step 6. Click on connect to connect wallet
Step 7. Remember we copied the smart chain address earlier, we then paste in the search box and then click on Hero to add in order to be able to import it into our crypto wallet so we can swap from one crypto to another.
Step 8. Now crypto wallet (Trust Wallet) is connected successfully to Metahero.
5). Explore the Metaverse of your choice and show the various features, advantages, and other unique things of the Metaverse project. (Screenshot Required)
We can access the meta hero by visiting @metahero.io on our website. The below image shows how the interface of the website looks like. The metahero has some features like ;
- 3D Tech
We this feature, it can be used to create ones own avatars and also scan and 3D Non Fungible Tokens in the from the real world into the digital space( Virtual World). That way I can scan myself and use as a hero in playing of games and interacting with friends as well.
- App
The have been app developed to make the use of the metahero much easier. You can get this apps on both Playstore and Apple Store. It has a unique feature that connects you to the app through a special code.
- News
This is also another feature of the metahero that allows users to have access to circulating news or issues concerning the project. Latest trends, upcoming and general announcements are all accessed from this feature.
- Team
The great minds behind this projects are displayed here for us to view. It has Founder and other members as we can all see from the screenshots.
- White Paper
This is where you can get access to the white paper of the project. As we all know white papers are very important to any investor. It tells everything about the project in details. From the beginning to the end, already implemented projects, projects underway and projects yet to be implemented are all on the white paper. It is meanly the plan of the project.
ADVANTAGES OF THIS PROJECT;
- Operate on the smart chain network;
As we all know, the smart chain is one of the most popular blockchain network to use. Also, it is less expensive in terms of transaction fees compared to other blockchain. It is easy to use as well.
Comes with very simple user interface.
Has app on both plays tore and App Store.
Its crypto currency is really performing well looking at the trend and market values.
6).
Although the idea of metaverse have been around for a while, finally seeing it being implemented and for that matter with the use of the blockchain technology gives me great joy. Humans can now interact with each other over a long range as if they are actually close is such a great innovation. I am happy to have witnessed this and going to be a part of this great invention. Metaverse is definitely going to generate money making mediums for investors and as well serve as a source of entertainment to people globally. All I can say is that the future is finally here and we need to embrace it.
Thanks to steemit crypto academy for making this class possible by providing us the platform. Also, a very big thanks to prof @wahyunahrul for taking us through such an amazing class. I have really learnt a lot from your class and hoping to attend your next lectures.
Thank You.