The Effects of Metaverse and Blockchain-Based Cryptocurrencies on Social Life

Abstract

Due to the necessity of living conditions and the desire to seek alternative living environments, people have recently focused on virtual worlds. The purpose of this chapter is to provide information about what kind of activities people can do in Metaverse virtual worlds without being dependent on mediator platforms in a decentralized way. Moreover, information is given about the advantages of blockchain-based Web 3.0 technology in virtual environments. The advantages of integrating virtual reality technology into Metaverse virtual worlds and properties of non-fungible tokens are explained. In addition, the most popular Metaverse projects in the crypto coin markets are mentioned with the effects of these projects on society discussed.