The metaverse (metaverse) is an interactive virtual world for an unlimited circle of people, as close as possible to the real one. It is also called the new iteration of the internet with a higher degree of user presence. The money of this digital world can be digital currencies and tokens – public, corporate or government.
The concept of a virtual universe is not new – fictional worlds have long existed in video games, movies, and literature. But it was not until 2021 that Mark Zuckerberg was the first corporate leader to stake his entire company on the creation of a “metaverse”. The world’s largest social network Facebook has been renamed Meta and is preparing to become the base for a global digital world in which billions of people will communicate, work and play in global virtual reality.
Strictly speaking, the translation of the English word “metaverse” as “metaverse” is not entirely correct – in Russian it is associated with a hypothetical scientific concept, implying a complex of “parallel worlds”, which has been repeatedly described in science fiction and cinema. Perhaps a shorter borrowed “metaverse” will take root in the future. In modern cinema, virtual “metauniverses” as understood by Mark Zuckerberg and his followers are described, for example, in The Matrix and Ready Player One.
The idea of a global virtual space appeared back in the 1970s, but its technical feasibility remains in question even now. Facebook-Meta’s plans to build a full-fledged metaverse on their own are impressive, but hardly feasible. Only a consortium of technology corporations – from hardware manufacturers (AMD, Nvidia) to operators of the largest cloud platforms (Amazon, Google, Microsoft) and a number of highly specialized companies – can create such a virtual world for dozens, and in the future even billions of people. The latter may include representatives of the cryptocurrency industry.
In the blockchain industry, there are various “metaverse” prefabs that implement one or more aspects of this idea. For example, Axie Infinity, Decentraland or Next Earth. But these are just the details of the constructor. Putting them together into a single virtual world, where billions of people can “live”, for small decentralized projects is an almost impossible task.
Digital currencies are ideal as money for the digital world. Cryptocurrencies can become the money of the metaverse, various utility tokens will correspond to “mass” production, and NFTs will correspond to unique virtual objects.
The 2020s could be the era of building such virtual worlds. But what currencies will replace the money of the metaverse? Decentralized Bitcoin and Ether? Fiat pegged stablecoins? Corporate currencies like Facebook’s Diem? Or, finally, government – digital dollar, digital yuan or euro?
Competition between virtual metauniverses will be fierce. Only one will become a global “matrix” for all of humanity, the losers will remain niche or even marginal communities. The battle for a place in the virtual sun will be long, and it has just begun.

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