Ownership In The Metaverse – A (Virtual) Reality Or A Real Fiction?

A look at whether you own and control what you buy in the space.

First things first, let's define the metaverse

The metaverse can be described as a network of virtual reality worlds where users can interact online through real world-like activities such as to work, learn, shop and socialise through their "avatars". It is a 3D version of the internet, or as it has grandly been described "a virtual extension of the real world".

There are various platforms making up the metaverse network. Some of the major platforms on the metaverse right now are The Sandbox, Decentraland, Cryptovoxels and Somnium Space but it is a growing network, so there is scope for many more to join. Existing entities such as the gaming platforms Fortnite and Roblox are evolving as part of the metaverse network.