The article explores the evolution and definition of the Metaverse, originating from Neal Stephenson's "Snow Crash" to contemporary decentralized environments. It highlights the integration of Distributed Ledger Technology (DLT) in virtual worlds, enabling users to engage with true asset ownership via NFTs and conduct secure transactions with cryptocurrencies. The distinctions between centralized and decentralized metaverses are examined, emphasizing the advantages of decentralization, such as user control over experiences. Furthermore, common features of metaverses, including their synchronous, persistent nature, and the use of avatars for social interaction and economic activities, characterize these digital landscapes.
In decentralized metaverses, users have true ownership of virtual assets through NFTs, and leverage cryptocurrencies for secure transactions, resembling a mix of social media, gaming, and economies.
Metaverses provide a continuous, real-time experience; they are persistent worlds that remain active even when users log off, allowing for immersive interactions.
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