Outside regular 9-5 jobs these jargons keep appearing in reads recent days. Hope to sit down next week and look thru this from a common man perspective
- Metaverse
- Web3
- Bitcoin
- Crypto
- Blockchain
Usually, I am anti-social media, anti-paid edutech sectors. Will need to understand and see how practically this fits in the lens of impact as a whole on the society.
Metaverse - Virtual representation of self in social media/collaboration / Digital avatars
How it works?
- Similar to gaming environments where you use Augmented reality / virtual reality environment you will be with the gadgets to live in your virtual avatar
Which crowd it may pull?
- Teens, Gamers, Kids could be the earliest targets
Which companies may invest
- Gaming, Fashion would gain most in terms of making it more consumer interactive environment
From Tech point of view we have analyzed blockchain earlier. The core of it is
- Decentralization - There is no trusted entity controlling the network, hence no single point of failure.
- Consistency - The blockchain nodes will read the same data at the same time.
- Scalability - The performance of blockchain should increase with the increase in the number of peers and the number of allocated computational resources.
Keep Exploring!!!
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