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English”Metaverse” Economy

”Metaverse” Economy

Metaverse is a virtual world created by simulating real life. Three-dimensional technology has enabled us to do activities in cyberspace as in real life, from shopping to playing, socializing and working.

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Front view of Gatuk Indarto's WinCash Wallet application which was deactivated when accessed on Wednesday (1/12/2021). The app becomes a digital wallet where WinCash Coin crypto assets are transacted.
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Front view of Gatuk Indarto's WinCash Wallet application which was deactivated when accessed on Wednesday (1/12/2021). The app becomes a digital wallet where WinCash Coin crypto assets are transacted.

Recently, there was news of a virtual sale of the North Square of Yogyakarta city with cryptocurrency on the NextEarth page. Lately, a student, Sultan Gustaf Al Ghozali, earned Rp 1.5 billion (US$104,000) from the sale of his photo in the form of an NFT (non-fungible token) on OpenSea. This phenomenon marks the presence of a rapidly grown metaverse economy in recent times.

In October 2021, Facebook Inc CEO Mark Zuckerberg announced the change of his company name to Meta Platforms Inc. Since then, the discussion of the metaverse has grown. The idea of the metaverse is not new. The revolution of the digital technology ecosystem has made it possible.

Editor:
NASRULLAH NARA
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