Definition
The metaverse is a broad concept describing shared, persistent digital spaces where people interact with each other, digital objects, and services through online identities or avatars. It blends elements of virtual worlds, social networks, and digital economies into a continuous environment that can be accessed from different devices. In many visions of the metaverse, blockchain technology underpins digital ownership, identity, and value transfer.
Within a metaverse setting, users may hold virtual items, land, or collectibles as blockchain-based assets, making them portable and verifiable across platforms that support the same standards. Cryptocurrencies and tokens can function as native money or rewards inside these environments, and events like an airdrop may be used to distribute new digital items or currencies to participants. The metaverse is not a single platform, but a general idea of interconnected virtual spaces with their own cultures, economies, and communities.
In Simple Terms
The metaverse is like a network of online worlds where people spend time, socialize, and own digital things that can have real value. Instead of just browsing web pages, users move around as characters or profiles, meeting others and using digital items that may be recorded on a blockchain. This concept connects gaming, social media, and crypto into a more immersive, always-on digital environment.