Do you speak metaverse language?

This virtual universe in augmented reality has only its own language. By discovering the meaning of the most obscure terms, Le Figaro It makes you smart users.

Welcome to a new era where, with a virtual reality helmet mounted on your head, you can step into a space at the intersection of the physical and digital worlds. This space, or should we say this universe, is the “metaverse” space. Consisting of the Greek prefix “meta” that goes into the construction of many scientific terms through which it expresses change, it refers to French language treasureThe word has not yet appeared in dictionaries.

Matthew Paul, CEO of venture capital firm Epyllion, defines it as “A gigantic, interoperable network of virtual worlds displayed in real time in 3D, that can be experienced simultaneously and continuously by an unlimited number of users, with a sense of individual existence and the continuity of data, such as identity, history, rights, objects, communications and payments. In other words, in this world where human, social and commercial relationships (where cryptocurrency is prevalent) are immaterial but where the user feels his presence physically thanks to the 3D immersion, it seems that human existence has invented a new form of the extension of existence. Before moving into this world, here are some lexical items that may be of use to you.

• Blockchain

Literally qualifying as “blockchain”, the blockchain is a method of continuously recording data produced, in the form of blocks linked to each other in chronological order for validation, notes the French Language Enrichment Commission. This information storage and transmission technology is the cornerstone of metaverse in that it serves the way it works. This virtual world does not belong to a company but to all of its users, who can control their own data, the blockchain acts as a kind of public record of transactions. This makes it possible to know (to anyone, at any time) their nature and the identity of people and to ensure their security.

Gas fee

The “petrol fee” is the blockchain transaction fee calculated for each new registration. These commissions can be higher or lower depending on the number of users who want to modify the blockchain at a specific time. If there is a large crowd, the speculative bubble can burst. For example, mention Les Echos, “When another metaverse company sold its plots on the Ethereum blockchain, the excitement was so great that these famous commissions jumped to $200, freezing the entire system.”

• NFTs

“Non-replaceable tokens,” or “non-replaceable tokens,” NFTs are digital files available on the metaverse to which digital certificates of trust are attached. It can be photos, movies, video games, etc. Larousse explains that a commodity is replaceable “It is consumed by use and can be replaced by things of the same nature, of the same quality, and of the same quantity.” Also, NFTs cannot be exchanged for a token of equal value, but for an electronic currency. For example, Jack Dorsey, co-founder of Twitter, sold the image of his first tweet, posted on March 21, 2009, in the name of NFT for a value (in fiat currency) of more than $2.9 million. in A trip to the Metaverse Center (Kawa), Pierre Berendes explains that in the future this virtual world could integrate digital assets of brands such as NFTs. In other words, “You will be able to enter the metaverse clothing store, search for items and then have physical products shipped to your home.”

• Air drop

Not to be confused with air operation, or the Apple-branded system for transferring a file from one device to another, “drop” or “airdrop” is a business strategy. It is employed by cryptocurrency companies (Bitcoin, Ether, EOS, etc.), and consists of distributing cryptocurrency units for free in users’ wallets in order to encourage the commitment of more people around their currency. The exchange is usable in the metaverse.

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