Metaverse Article Glossary
APIs can be likened to the bridge between two software services. Creating a secure connection that allows one application to exchange data with another and provide functionality without too much manual interference.
A technology that superimposes a computer-generated image on a user's view of the real world, allowing the user to see both virtual and “real world” objects. Similar to Mixed Reality.
An electronic image or digital identity that represents and may be manipulated by a computer user (as in a video game — or the metaverse!)
A system where a record of transactions, especially those made with cryptocurrency, is maintained across computers that are linked in a peer-to-peer network.
Centralized network architecture harnesses the power of one server to manage all heavy processing tasks. Workstations then utilize this central hub for applications, data storage and utilities that would otherwise require more computing power.
A digital currency or decentralized system of exchange that uses advanced cryptography for security.
A decentralized autonomous organization, a type of bottom-up entity structure with no central authority. Members own tokens of the DAO, and members can vote on initiatives for the entity. Smart contracts are implemented for the DAO, and the code governing the DAO's operations is publicly disclosed.
Generally refers to videos in which the face and/or voice of a person, usually a public figure, has been manipulated using artificial intelligence software in a way that makes the altered video look authentic.
Digital twins provide an innovative way to replicate the physical world through virtual models. By simulating real-life objects, processes and people in a digital environment, we can optimize performance and gain invaluable insights into complex systems.
A single, interconnected virtual universe that transcends physical boundaries with immersive experiences unimaginable in the real world. Combines 3D immersion and a continuous shared presence to create an unparalleled experience for users to enjoy.
A medium consisting of immersive computer-generated environments in which elements of a physical and virtual environment are combined. An example of this would be the game Pokemon Go. Similar to Augmented Reality.
A digital asset that can take many shapes, including images, videos or audio files- these items can be bought and sold across a variety of platforms.
These digital programs bring the power of automation to agreements, guaranteeing certainty and security in outcomes without any third party intervention. The contracts live on a blockchain platform and execute upon predetermined conditions being met.
The computer-generated simulation of a three-dimensional image or environment that can be interacted with in a seemingly real or physical way by a person using special electronic equipment, such as a helmet with a screen inside or gloves fitted with sensors.
Virtual Real Estate
The latest frontier in property ownership, giving people access to digital domains within online spaces. As metaverses continue to grow, so does this unique opportunity for land-based investment opportunities.
Using computer-based modeling and graphic simulation, a Voxel is an array of elements are used to create a virtual three-dimensional space. These perceptible discrete blocks allow for the digitization of complex 3D objects with striking accuracy. Can also be described as a building block of the metaverse.
The second generation of the Internet, allowing average users to transform from mere consumers into creative authors by publishing their own content and interacting with one another on platforms such as Facebook, Instagram, and Twitter. This era represented the "read/write" version of the Internet where cyber-citizens could both access and edit information.
The third generation of the Internet and the successor of Web 2, Web3 allows users to become participants and shareholders, users can benefit from technology platforms without sacrificing privacy. By embracing this concept, individuals have an opportunity to not only use these digital services but also become active contributors in their development.