When Mark Zuckerberg Announced That Facebook Was Renamed Meta, Everyone Realized That Big Things Were Going To Happen In The IT World. 

Metaverse, The preparation of the digital world based on blockchain technology, digital currencies, artificial intelligence, NFT, 5G, etc., shows that our world will undergo fundamental changes.

The real world and information technology are rapidly evolving and becoming more bizarre. Suppose migration from rural to urban areas was an emerging phenomenon in ancient times. In that case, issues such as traveling to the edge of space or space itself, constructing space settlements, living on other planets, etc., are all raised as the digital world Metaverse and crypto cities.

In this regard, the TECHNOBARG website has published an analysis of future world developments and the impact of the Metaverse on our world, which is worth reading.

Crypto City

Vitalik Butrin, one of the founders of Ethereum, first came up with the idea of ​​crypto cities after the concept of ​​Metaverse was introduced. He believes that the future of human life and urban communities will shift to decentralized cities and decentralized organizations (DAOs).

” Metaverse is not external in nature, and you have to look at it as a digital and virtual world,” says Vitalik Butlin. “While we have the real world, we can make the world a better place to live by modifying it with the help of cryptocurrency theory.”

The idea of ​​the crypto cities that Butlin referred to is based on the decentralized organization of the autocrats. The concept of ​​DAO‌ cities or CityDAO is a design based on the Ethereum blockchain where DAO ‘s idea dominates everything.

DAOs are decentralized and self-centered organizations governed by pre-written rules, and citizens operate on their share. He is pursuing the idea of ​​urban tokens for the architectural design of crypto cities.

In his view, each city can become a decentralized autonomous organization (DAO) with its irreplaceable ciphers and urban tokens.

“To develop Miami, we are implementing a token on the bitcoin network, and we are testing it in Renault, Nevada, based on the idea of ​​a decentralized government and an irreplaceable cryptocurrency project,” says Beltran, for example.

In the theory of cryptocurrencies, CityCoins.co provides coin trading services. At the time of writing, the City of MiamiCoin has been created and is set to be implemented in the San Francisco Coin.

Vitalik Butrin believes that blockchain-centric cryptocurrencies have many benefits for people. Blockchain allows more efficient and new land and property owners to be used in these cities.

Statistics show that sometimes governments cannot respond appropriately to the long-term problems of citizens and make rapid changes tailored to the basic needs of the people due to a lack of adequate financial resources. Decentralized Autonomous Organization points out that cities can decentralize.

Crypto cities can create many opportunities like big ideas, but they need their challenges. Some industries and areas such as urban planning, public fleet, and other sectors offer an efficient approach to city management. In cryptocurrencies, the privacy of individuals is valued, and technologies such as blockchain, cryptocurrencies, and blockchain allow people to participate in problem-solving. ‌

Decentralized Automated Organization

The theory put forward by Vitalik Butrin is that decentralized cryptocurrencies are based on self-government. The question now is, what is a decentralized organization and what role is it going to play in crypto cities, or more precisely, how will these technologies govern DAOCity cities?

In decentralized autonomous organizations, the complex is managed independently without coordinating a central entity, and the blockchain can propose new versions of decentralized independent organizations.

In other words, in a decentralized independent organization, all developments are governed by programming codes, smart contracts, and algorithms instead of having a unit called human resources.

Then in these organizations, intelligent agreements play a crucial role in executing orders and tasks, and there is no need for human resources to be involved in the processes.

The members or shareholders of these organizations do not have a specific formal or informal contract. In return, the members pursue a common goal based on a consensus of group rules, and the work is done by providing networked incentives. In this organizational management approach, all people have an influential role in advancing their careers, but all work is decentralized and independent. This executive management has no central power and is contrary to traditional companies.

Financial structure in crypto cities

One of the most critical issues connected to crypto cities is the financial and economic structure. In the crypto city of Butrin, every town can have an economy to meet the needs of its citizens and trade with its tokens. The tokens of each city are unique, and the independent economy of each city will play an influential role in the turnover of assets among citizens.

In cryptocurrencies, financial and social communication models are being revised, and blockchain-based solutions can offer more apparent economic perspectives for these cities.

Non-exchangeable cryptocurrency (NFT) assets will be significant in these cities, and cryptocurrency trading will occur. The key to the success of these cities is an ultimate blockchain economy. In cryptocurrencies, the investment model of the people is changing, and the citizens of these cities are investing more in tokens. There are various economic models for managing these cities. For example, if citizens collect a certain number of tickets, they will have a chance to receive some services for free.

In these cities, taxes are collected differently from the present. Butrin did not elaborate, but there are plans to tax cryptocurrencies.

The main goal of the planners is to reduce the wealth gap between the rich and the middle class so that the weaker members of society can become financially secure by storing tokens in the crypto city and have a better life than today.

Metaverse, a full-fledged virtual super world

As you know, the Metaverse is made up of two words, meta meaning beyond and universal meaning world. More precisely, the Metaverse describes an ethereal world. Neil Stevenson first used Metaverse in his 1992 book Snow Crash, which depicts a three-dimensional virtual world of real people avatars. In his book, two delivery drivers travel to the world of Metaverse to save themselves from a ruined capitalist city.

However, the point to note is that Metaverbs is not a physical and tangible world and has no external existence. According to Mark Zuckerberg, the Metaverse is a collection of virtual spaces where people who cannot be together in physical space will come together.

For example, in this digital world, it is possible to buy land, build on digitally purchased land, design residential complexes, and do what you would like to do in real life in the virtual world. Interestingly, almost two months ago, a digital plot of land in the Decentraland online and the virtual environment is selling for over $ 2 million worth of digital currency, which will be used as a virtual shopping mall in the future.

Interestingly, other digital assets are traded in Metaverse in addition to buying real estate. For example, a person who paid 149 Ethereums, valued at approximately $ 650,000, bought an unrealistic, virtual yacht on the Sandbox Metaverse platform but could never physically set foot on it. It is an NFT digital asset that will find astronomical prices in the future.

Given the focus of the big tech companies on the Metaverse field, it seems that the future belongs to Metaverse. According to a report confirmed by Trendforce, the turnover in the Metaverse industry will reach $ 540 billion by four years (2025).

Digital and metatarsal twins

One of the fascinating concepts in information technology is the topic of digital twins making a lot of noise. One of the primary uses of Metawares is in digital twins, which means making copies of real-world objects in the digital world. In other words, whatever exists in the real world, there will be twins of it in the virtual world of Metaverse.

Of course, this technology is not new and is used by some companies, but it is expected that we will hear more about it in the future. The companies that have used digital twin technology to date are Microsoft, Boeing, Ericsson, Unilever, and Siemens Energy.

Microsoft is introducing digital twins into its multiverse technology stack so that users can build digital models to simulate real-world objects. On the other hand, Boeing uses digital twins to develop engines and Unilever to act production lines and reduce waste.

Siemens Energy and Ericsson have turned to Nvidia’s Omniverse infrastructure to run power plants and maintain maintenance operations. They use the technology to simulate equipment allocation to 5G networks.

These are just a few of the many uses for Metawares and digital twins, and more and more companies are entering the digital world daily. Analysts believe that Metaverse, like other technologies, has its advantages and disadvantages. For example, one of the main benefits of Metaverse is the sensory induction of a new user to the audience. In other words, Metaverse gives the user the feeling that he is in a completely different space and can communicate with others in that additional space without any problems.

What are the differences between Metaverse and the crypto city?

When Metaverse is a virtual world that allows people to interact virtually and unrealistically, this rule does not apply in the crypto city, and everything is accurate. Still, based on cryptographic technology, these cities are managed, and even The urban management model is also based on the decentralized autonomous organization.

Butrin believes that instead of using cryptocurrencies in a virtual world, we use them to live in today’s cities and implement a different world. Also, people in Metawares will connect and exchange in the metaphysical world through non-physical digital assets.

Metaverse will have brilliant positive applications in some industries, and for this reason, a growing future may await these industries. For example, digital twins in the short and medium-term can be used for training related to human resources, diagnosis, and investigation of some issues remotely, monitoring energy consumption, and maintenance of facilities and other applications. In other words, the construction of digital twins in Metaverse will lead to the economic development and prosperity of industries and, of course, those countries.

Metaverse or crypto cities?

Since Metawares was introduced, this digital world has increased, and various companies have invested heavily in it. Some analysts believe that Metaverse is growing at an unimaginable rate and that other companies will join shortly. In the meantime, NFT‌-based assets will also be considered in cryptocurrencies, promoting these cities. However, some analysts say that cryptocurrencies may have objective applications in the short term, but no one can picture it in the long run.

Some analysts believe that Metaverse will be considered both short and medium-term, given its objective applications to some industries. Interestingly, it has also been pointed out that Metaverse may one day replace the Internet, although this seems a bit far-fetched.

Metabolism and mental problems

On the other hand, critics believe that Metaverse will cause psychological problems for some people. Some lose the ability to distinguish the physical world from the virtual world and become so accustomed to the Metaverse that they can no longer exist in the physical world without problems. Live and all their focus are on virtual life, communication, and the virtual world.

With such an approach, the business model will also change, and transactions will make on assets that are not foreign. Since its evolution is still unknown, no psychological research has been done on its effect on the human mind and brain. It is impossible to speak definitively about its destructive or non-destructive impact on the human brain and psyche.

Given that augmented reality and virtual reality underlie Metaverse, some are concerned about its negative impact on adolescent and young age groups, so these technologies will cause these age groups to move towards digital identity and forget the real essence.

It is not harmful to know that Metaverse has also entered into political and cultural debates, and some analysts say that these virtual worlds will affect the cultural structure of societies. The main question is how these models of theories will change in the future and whether they will become more mature ideas or not.