Metaverse – Myrias

What is the Blockchain?

"A blockchain is a distributed database that is shared among the nodes of a computer network. As a database, a blockchain stores information electronically in digital format. Blockchains are best known for their crucial role in cryptocurrency systems, such as Bitcoin, for maintaining a secure and decentralized record of transactions. The innovation with a blockchain is that it guarantees the fidelity and security of a record of data and generates trust without the need for a trusted third party." - Investopedia.com

What are NFTs?

"Non-fungible tokens (NFTs) are cryptographic assets on a blockchain with unique identification codes and metadata that distinguish them from each other...

NFTs are unique cryptographic tokens that exist on a blockchain and cannot be replicated.
NFTs can represent real-world items like artwork and real estate.
"Tokenizing" these real-world tangible assets makes buying, selling, and trading them more efficient while reducing the probability of fraud.
NFTs can also function to represent individuals' identities, property rights, and more." - Investopedia.com

What Is Cryptocurrency?

"A cryptocurrency is a digital or virtual currency that is secured by cryptography, which makes it nearly impossible to counterfeit or double-spend. Many cryptocurrencies are decentralized networks based on blockchain technology—a distributed ledger enforced by a disparate network of computers. A defining feature of cryptocurrencies is that they are generally not issued by any central authority, rendering them theoretically immune to government interference or manipulation" - Investopedia.com

What Is Decentralized Finance (DeFi)?

"Decentralized finance (DeFi) is an emerging financial technology based on secure distributed ledgers similar to those used by cryptocurrencies. The system removes the control banks and institutions have on money, financial products, and financial services.

Some of the key attractions of DeFi for many consumers are:

It eliminates the fees that banks and other financial companies charge for using their services.
You hold your money in a secure digital wallet instead of keeping it in a bank.
Anyone with an internet connection can use it without needing approval.
You can transfer funds in seconds and minutes."

- Investopedia.com

What is Myrias?

The Future

What does it mean to HODL?

"HODL is a term derived from a misspelling of "hold," in the context of buying and holding Bitcoin and other cryptocurrencies. It's also commonly come to stand for "hold on for dear life" among crypto investors.

The term HODL (or hodl) originated in 2013 with a post to the Bitcointalk forum. The price of Bitcoin in 2013 was volatile, surging to over $1,100 at the beginning of December, 2013, up from just over $100 in April of the same year.12 Reports on Dec. 16, 2013, of a Chinese ban on payment companies working with Bitcoin exchanges may have inspired the original Bitcointalk post." - Investopedia.com

What is Ethereum?

"Ethereum is a platform powered by blockchain technology that is best known for its native cryptocurrency, called ether, or ETH, or simply ethereum. The distributed nature of blockchain technology is what makes the Ethereum platform secure, and that security enables ETH to accrue value. The Ethereum platform supports ether in addition to a network of decentralized apps, otherwise known as dApps. Smart contracts, which originated on the Ethereum platform, are a central component of how the platform operates. Many decentralized finance (DeFi) and other applications use smart contracts in conjunction with blockchain technology." - Investopedia.com

What Is a Smart Contract?

"A smart contract is a self-executing contract with the terms of the agreement between buyer and seller being directly written into lines of code. The code and the agreements contained therein exist across a distributed, decentralized blockchain network. The code controls the execution, and transactions are trackable and irreversible." - Investopedia.com

The Metaverse

With time, the expectation is that the Metaverse will become a regular and integrated part of our everyday life, just as our phones, gaming, and the internet are today. From entertainment to even work, there are extremely exciting opportunities and developing technologies arising from the Metaverse as we speak. We believe that this is History repeating itself as with internet. In the beginning, most people did not understand or even scoffed at the idea of the internet. However, today, the impact the internet and its associated technologies have had on the world is innumerable. Imagine how Google, Amazon, Facebook, Instagram, TikTok, Apple, Android, Online Gaming, and YouTube (not including the millions of other internet companies and projects that exist) impact your life every day. Now, imagine the impact the Metaverse will have on the world: immersive digital worlds indistinguishable from reality, a virtual global economy, and borderless digital currencies have the potential to change every industry on the planet.

One of the smartest investments one could have made at the beginning of the internet was to buy domain names. Today, great domain names are extremely difficult to find and or extremely expensive. Some domain names now sell for hundreds of thousands of dollars to even millions. Therefore, we believe NFTs will also become extremely valuable assets in the future for a wide variety of reasons. To our fellow futurists, this is the time!

We highly encourage you to watch this very recent interview with Mark Zukerberg, CEO of Meta (formerly Facebook). The first 30 minutes of the discussion will give you a window into the future of the Metaverse and why this is a fascinating and vital time for NFT owners. The Metaverse is still in the early days, but the possibilities are Myrias (innumerable).

For example, today, people have pictures that hang in their actual physical house. In the future, instead of pictures, it’s quite likely that you will have virtual assets (like NFTs) that interact and exist in your real-world and virtual house through AR and VR (or even just projection).

Imagine having your NFTs live and interact in your REAL world house all the time that you and everyone else can see that are indistinguishable from reality. This is a real possibility as the technology is progressing. You could play with them, touch them, move them, hold them, and they would look (and maybe even feel) perfectly real. And even more, imagine a world where you could use or play as any one of those NFTs in the Metaverse!

We also strongly encourage you to check out this Video by Unreal Game Engine to give you a contemporary look into the gaming industry’s progress in computer graphics. The expectation is in a relatively short amount of time, computer graphics will match the real world visual experience.

This is the time! NFTs are a new type of asset and early investment is crucial. Consider NFTs as a form of real estate or collectable, where the better NFTs will go to those who invested early.