Do you speak the language of the metaverse?

This virtual universe in augmented reality has a language that belongs only to him. Discovering the meaning of its darkest terms, The Figaro makes them smart users.

Welcome to a new era, in which, wearing a virtual reality headset on your head, you enter a space at the intersection of the physical and digital worlds. This space, or should we say this universe, is that of the “metaverse”. Composed of greek prefix “meta”, which enters the construction of many academic terms within which it expresses change, indicates the French language treasurethe word has not yet appeared in dictionaries.

Matthew Ball, CEO of the venture capital firm Epyllion, defines it as “a gigantic interoperable network of virtual worlds displayed in 3D in real time, which can be experienced synchronously and persistently by an unlimited number of users, with a sense of individual presence and continuity of data, such as identity, l’history , rights, objects, communications and payments». In other words, in this universe where human, social and commercial relationships (where cybercurrencies circulate) dematerialize but where the user feels physically present thanks to 3D immersion, human existence seems to have invented a new form of extension of being. . Before you move into this world, here are some lexical items you might find useful.

• block chain

Qualifying literally a “chaîne de blocs”, the blockchain is a mode of registration of données produites en continu, sous form de blocs liés les uns aux autres dans l’ordre chronologique de leur validation, indicate the Commission d’enrichissement de la langue French. This information storage and transmission technology is the foundation of the metaverse in that it serves its mode of operation. This virtual world does not belong to a company but to all its users, who can take control of their own data, the blockchain acts as a kind of public record of transactions. This allows knowing (for anyone and at any time) its nature, the identity of people and ensuring their safety.

• Gas rates

“Gasoline fees” are the transaction fees of a blockchain calculated for each new registration. These commissions can be higher or lower depending on the number of users who want to modify this blockchain at a specific time. If there is a large crowd, then a speculative bubble can burst. For example, remember the echoes, “When the Otherside metaverse sold their parcels on the ethereum blockchain, the excitement was such that these famous commissions jumped to $200, freezing the entire system.”

• NFTs

“Non-Fungible Tokens” or “Non-Fungible Tokens”, NFTs are digital files available in the metaverse to which digital certificates of authenticity are attached. They can be photographs, movies, video games, etc. Larousse explains that a fungible good “It is consumed by use and can be replaced by things of the same nature, of the same quality and of the same quantity”. Furthermore, NFTs cannot be exchanged for a token of equal value, but rather for cyber currency. For example, Twitter co-founder Jack Dorsey sold the image of his first tweet posted on March 21, 2009 as NFT for a value (in fiat currency) of more than $2.9 million. Within Journey to the center of the metaverse (Kawa), Pierre Berendes explains that in the future this virtual world could integrate the digital assets of brands such as NFT. In other words, “You’ll be able to walk into a metaverse clothing store, browse items, and then have the physical products shipped to your home.”

• An airdrop

Not to be confused with airdropping, or the Apple-branded system for transferring a file from one device to another, “dropping” or “airdropping” is a business strategy. Used by cybercurrency companies (Bitcoin, Ether, EOS, etc.), it consists of distributing units of cybercurrency for free in users’ wallets in order to encourage the commitment of a greater number of people around its usable currency. exchange in the metaverse.

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