🔥Metaverse is being hailed as the next big thing, with it likely to influence different sectors. It is expected to provide an unique experience and open up new possibilities by integrating the virtual and real worlds.

⚡️AR/VR technologies: An immersive experience in a virtual world comes to mind when one talks about Metaverse. This is made possible through AR & VR. Metaverse is a connected platform of Virtual Reality experiences.

⛓Blockchain technologies: Blockchain technologies enables DeFi & Cryptocurrency, which would be the key link of connecting the virtual world with real world acceptability.

🔬Artificial Intelligence: AI technology works behind the scenes and drives the magic of the metaverse. It helps in enhancing the algorithm to create an avatar, generating worlds, language processing etc.

📱5G: 5G technology is going to make the implantation and functioning of the metaverse possible. The enormous amount of data involved in creating and exchange of the virtual experiences can be handled by 5G connectivity.

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🏛DeFi & Metaverse are the technologies to watch out for as more use cases are being developed, based on them.

🔑One of the key elements of these technologies is the decentralisation of ownership i.e the creators would be in control of the content.

🕸Metaverse is considered to be part of Internet 3.0, where-in it is a virtually interconnected space with collectibles, items, digital assets, utilities etc. Metaverse adds a new experience to any events beyond just viewing them online.

🌊NFTs are a new era of ownership. They form a key idea in the concept of metaverse. The assets and resources on the metaverse ecosystems, games etc can be traded as NFTs, and have their application beyond the ecosystem.

🎮Many of the gamification projects like AGV around the world have re-invented the wheel as far as NFT based play2earn gaming is concerned. NFTs would be the link between the metaverse and the real world with DeFi smart contracts being the technology for the transaction process to run smoothly.

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🌊Metaverse is derived from two words, “Meta” meaning beyond & “verse” implying universe. It is a virtually empowered physical reality. Certain features define Metaverse – interactive, persistent, replication of the real world.

🔑Interaction is a key identity of Metaverse. A metaverse is an interactive group of virtual worlds that are integrated to act like the real world.

🌐The interactive aspect of metaverse involves social interactions, infrastructure, economy and such real-world features, which are integrated unto metaverse. More than one person can be part of the metaverse and can interact with each other.

🚀Astra guild ventures platform has various games hosted on metaverse like Axie Infinity, which allows players to interact with other players on the ecosystem.

🔂Metaverse is a replica of the real world, which is a defining feature of Metaverse. The pandemic across the world has created a necessity for a virtual world, where people can interact, carry out transactions, work etc. and resembles the real world.

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🎮The gaming landscape is already home to tons of user-generated content, virtual goods and environments, and it offers an easy entry point for those who might otherwise be nervous about exploring the metaverse.

🤝People already familiar with Minecraft, for instance, are happy to try new virtual experiences within the games, like concerts and events, because they’re already familiar with the landscape.

📝According to studies, participation in the metaverse is already growing at a phenomenal pace within the gaming landscape.

—65% of people have engaged in a media experience like watching an in-game TV show, movie, or premier on a gaming platform or participating in a live concert.

—69% of people have taken part in social activities, like socializing, meeting new people, or traveling to digital environments in a gaming environment.

—72% of people have taken part in metaverse economic activity, like purchasing in-game items, investing in in-game currency, shopping at virtual marketplaces, or trading with other players in the gaming landscape.

🌏The physical and digital environment overlap is becoming even more evident as we invest in a wider number of “digital” events following the pandemic and implement new technology like extended reality into the experience

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🔥AGV is pleased to review an overview of all the events and announcements

📅 AGV review (9th May - 15th May)

🔸Multiple Applications of Web3
🔸Blockchain games are gateway for DApp industry
🔸Rising participation in Metaverse
🔸Play2Earn games to the rescue during market’s ups and downs?

🚀Astra Guild Ventures (AGV) is a Decentralized Autonomous Organization (DAO) that invests in NFTs, P2E games, and other blockchain projects.

Stay tuned for an exciting week ahead!

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🌎Importance of Metaverse in FinTech

📼Metaverse (meta + universe) creates a sense of "virtual presence" by combining technologies such as virtual reality (VR) and augmented reality (AR). The Metaverse is an interactive, immersive, and collaborative shared virtual 3D universe.

📊With the advent of NFTs , a need has arrived for a digital medium as well for the trade of such digital tokens.

📈Metaverse is predicted to grow in importance as a digital platform for personal and business interactions, including financial transactions. In a virtual world where you can buy and sell houses, products, clothing, land, and avatars just like in the real world, it implies a massive economic ecosystem.

⚡️The pandemic encouraged people to interact and pay digitally more than ever before. And with Metaverse gaining popularity as big names like Nike, Apple etc. launching their products, it will bring a boom in the daily volume transactions.

🏛The most essential indicator of making the metaverse as indispensable as real life will be financial data management and techniques of managing financial transactions supplied by fintech solutions similar to real life.

🔥The opportunities for financial growth will be unfathomable, as this will literally be creating a new world where users will interact, transact, own, exchange and share economic value.

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⚡️Augmented reality, or AR, is a technique that adds layers to the world as we are used to it. These layers could be visual, auditory and sensory information to intensify your experience. Companies use augmented reality techniques to promote their products, collect significant data and launch marketing campaigns. In everyday life, Pokémon Go is probably one of the best-known AR examples.

🌎The Metaverse is a digital landscape that participants can use to build their own virtual environments. It’s a network of different virtual worlds that you can enter through by wearing VR goggles.

🚀Even though you can’t change the world you’re living in, augmented reality makes it possible to give your surroundings an extra dimension. By using images, sounds, texts or even GPS data, you can enrich the place you’re in. It is key that these elements are presented spatially to affect your depth perception.

🎯The AR technique has a certain degree of power, convincing your brain that those elements really exist in your environment. And, that’s the moment your current world becomes a lot more interesting.

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⚡️⛽️There are a number of strategies that can be utilized in order to solve the scalability issues which will make the gas fees almost negligible

-Scheduling transaction times:
Ethereum gas prices are known to fluctuate within the day, there are certain times during the day when gas prices are likely to be considerably lower. One way of lowering gas fees would be to take stock of these times and target them when making transactions.

-Using stable off-chain payment networks:
Multiple off-chain payment channels are working to develop a payment solution that allows for instant transaction approvals in seconds by lowest fee through its share gas system. This is done by charging a nominal fee proportional to the payment amount.

-Relayer infrastructure:
Plena Finance will be using Biconomy’s relayers to provide its users with hassle free blockchain interaction and seamless user experience. A third party relayer removes the complexities by managing the transaction, paying the gas and, finally completing the transaction by sending it to a receiving address.

🦶Meta transactions take things a step forward by allowing different users to transact on the public blockchain with zero transaction fees and AGV is also moving towards this structure.

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🌎The metaverse is expected to have a strong connection with the real-world economy – and eventually become an extension of it. This relies on non-fungible tokens (NFTs) as the foundation for value creation.

🖼If NFTs become a commonly adopted tool for trading such goods, they could help accelerate the use of VR ecosystems as places people go, to combine elements of the digital economy with their offline lives.

🤔One way to think of this process is how the App Store encouraged businesses to digitize their operations, so that consumers could experience (and pay for) their products and services from any location.

💸According to the tech giant Facebook, which changed its name to Meta, plans to invest $10 billion this year to develop products that support augmented and virtual reality — a robotic hand, high-tech VR glasses and sophisticated software applications, to name just a few.

👁A successful vision of the metaverse sees transformations like these taking place at an accelerated pace and universal scale. In other words, the metaverse have the ability for companies and individuals to participate in financial activity in the same way they do today.

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🎮The gaming landscape is already home to tons of user-generated content, virtual goods and environments, and it offers an easy entry point for those who might otherwise be nervous about exploring the metaverse.

🧩People already familiar with Minecraft, for instance, are happy to try new virtual experiences within the games, like concerts and events, because they’re already familiar with the landscape.

🤓According to studies, participation in the metaverse is already growing at a phenomenal pace within the gaming landscape.

—65% of people have engaged in a media experience like watching an in-game TV show, movie, or premier on a gaming platform or participating in a live concert.

—69% of people have taken part in social activities, like socializing, meeting new people, or travelling to digital environments in a gaming environment.

—72% of people have taken part in metaverse economic activity, like purchasing in-game items, investing in in-game currency, shopping at virtual marketplaces, or trading with other players in the gaming landscape.

🔥AGV is working on the front for further expanding the virtual space by making the access to the play2earn games simpler, giving out community owned NFTs to the players who cant afford them and can start their gaming journey.

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