What is the metaverse, metaverse meaning, what is Facebook metaverse and metaverse Zuckerberg well if we think of the internet as something that we look at the metaverse is a version of the internet that we’re inside the idea is that we will experience the metaverse as an avatar a virtual version of ourselves.

Metaverse Meaning

In simple words, if we explain what is metaverse or metaverse means, a metaverse may be a network of 3D virtual worlds targeted on social association. In futurism and phantasy, the term is commonly delineated as a theoretical iteration of the web as one, the universal virtual world that’s expedited by the employment of virtual and increased reality headsets.

That we control as we explore this new online frontier but what will we actually do okay so both here we are in what might be considered a representation of what the metaverse could be yeah for us the metaverse is a spatial construct as opposed to the previous web.

Facebook Metaverse

Which was really a very linear kind of immersive now, of course, it doesn’t mean it has to be a virtual reality it could also just be on a phone or on a desktop computer. You might have noticed that we’re using the tools of the metaverse to create a good portion of this item avatar has been created by a couple of companies like facebook metaverse, who are very straightly working on metaverse and hence they call it Metaverse Zukerberg.

Metaverse Avatar

Facebook metaverse is developing and making it ready to player me and oz they already create tools for people to make avatars from a photo it’s this virtual version of users. And that virtual version of us which will travel between online experiences in any metaverse and then over time what I’m most excited about is an economy there and I mean you know economy not just of digital goods.

Sure and entertainment that’s great but also services um in an immersive environment and people will have an avatar I’m gonna need a stylist I’m gonna have a home space microsoft has adapted its workplace meeting software teams for the metaverse by creating a system called mesh.

Metaverse Details

The Metaverse will be designed to work with a variety of different devices including virtual and augmented reality ar as it’s known projects graphics on top of the real world using headsets like Microsoft’s hololens or mobile phones.

There are quite a few people that have got fatigued by having to have video chat meetings and things of that nature and they realize they now crave human contact human communication is about five percent speech is about 95 percent.

Everything else i’ve been in my you know living room with the entire team around the table right making eye contact uh where all the gestures are coming into the right place so it changes completely the the
you know call it the screen fatigue that we all are experiencing and feeling today.

The next piece of the metaverse puzzle isn’t just about seeing these virtual worlds but feeling them as well meta has revealed that it’s been working on a glove that will let the user feel sensations like holding an object the
the glove has a number of sensors that measure the wearer’s movements and Artificial Intelligence (A.I) pockets across the glove surface inflate to create sensation these gloves are not quite ready for prime time yet but they’re an indicator of the kind of research that’s going on behind the scenes.

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Jumping straight to our topic in this article we will be discussing:- What is NFT? Non Fungible Tokens aka NFT meaning? How to sell NFT 2022?  How to earn from NFT? What are “Minting” and “Gas fees” in NFT? What are “Gas Pricing and Gas Fee” in NFT? What are the different market places for NFT? opensea, etc…

Read the article completely to avoid any confusion so watch it completely because NFT recently has become a new way to earn money and that could be in huge amounts as well.

What is NFT aka Non Fungible Tokens? NFT Meaning?

So firstly let’s talk about NFT meaning and what is NFT? NFT stand for Non-Fungible Tokens, Non-Fungible means non-replaceable. Non-replaceable means anything, suppose this is our iPhone but if I print my name and signature on it then this product will turn into a unique product!

Now if I sell and keep it as NFT [NFT is digital actually] then this is a unique product, and now you can’t replace it now you can own an iPhone but that never be mine. This is what’s called “Non-Replaceable” or “Non Fungible”.

What is a Token?

Now let’s talk about what is Token? Now if I gave you my iPhone after I sign on it so what will be the proof that the iPhone I gave you is owned by me? for which there surely be a registry suppose you give the payment for this phone via UPI or net banking.

So you would have observed that the transaction is always recorded and for that purpose, we are using this blockchain technology. What’s exactly happens in blockchain technology is that whatever stuff bought or sold its transaction history is always saved for a lifetime.

Which is 100% secure and no one can edit or erase it suppose any artwork, any artwork in digital format which you have made and wanted to sell as a form of NFT.

Gas Fees

Now let’s talk about what is “Gas Fee” is? it basically means any place like a market where you can buy or sell NFTs where you have to give some money for your NFT’s registration, which we call “Gas Fee”. For which I told you about the wallet, that you will require in the Gas Fee payment.

Minting

Now, what is minting? Suppose you made any NFT artwork, clip, image, or video that you own and after that, you thought to do an NFT registration for that. So that’s what is known as minting, for minting first you have to make a crypto exchange account you have to make accounts on by & sell coin base and do its KYC registration.

After this, you will have to buy Etherium and to keep that you will need a wallet, there is a website called “META MASK” where you can make a wallet, this wallet you will make will be used in buying and selling.

Understanding NFT Process with an Example

Suppose there is an image for which we did NFT registration and the person downloaded it from the internet, so wouldn’t that person will become its owner?

No! because the owner for that is you become it was you who received the token another person can use that but the ownership will remain to you only. And in the future, if someone buys or sells your NFT then you will definitely receive its profit I will tell you about it later.

What You Can Sell in NFT Art?

You can sell on NFT: any artwork, image, or video? check what is trending and if you make anything related to the trend any artwork or video any sell out that’s what NFT is basically

NFT Selling Platforms

If you are worried about where and how to sell NFT 2022, there are lots of NFT platforms where you can buy or sell NFTs some renowned platforms like- Foundation Gate, Rarewell, NIFT Gate, Wazirx NFT, etc. Lot’s of platforms like “opensea.io” where you can buy or sell your NFTs. Opensea is considered as one of the biggest NFT artwork platforms of marketplace

•  Difference between AI and ML- CHECK HERE

How To Earn by Selling NFTs?

Now let’s talk about “HOW CAN YOU EARN MONEY BY SELLING NFT?” first you will start by creating “Digital Art” then do “Minting” then “Pay Gas Fee”. And whatever the bidding you will do in 24 hours, suppose you keep the price for your artwork as 0.001 Etherium and if someone buys that artwork at your price point then within 24 hours you will receive the money in your wallet.

Whatever the price 1000, 2000 INR or 0.001 Etherium and the buyer buy that for that price then you will receive the money within 24 hours in your wallet and if someone does not buy that, then the price which you kept during bidding later it will be sold at that price only.

• [Complete Guide] How to Create and Sell NFT Art For FREE 2022-  CLICK HERE

Or a person within 24 hours can buy your work more than the price which you set suppose you kept the price at 1000 but the bidder can purchase that in a much higher price as well which he gets after winning the bid, and hence you might receive 2000 instead of 1000.

Passive Earning from NFT

What will happen if you will get a profit by selling any of your NFT artworks and you are the owner of the NFT or that digital artwork? For which you kept the price as Rs 1000. And someone buys that and then you will receive the profit, but if the buyer for that sells the artwork for 2000 INR to another person:-

Suppose (2) buys (1) sale, Now (2) sold to (3) for 2000 INR. Since (1) was the actual owner and hence he will receive “ROYALTY”, royalty which (1) set at the time of selling that could be 5% or 10%.

Whenever a new owner buys it (1) will get some part money as “Royalty” basically the win-win situation will be in the case when you created an NFT and sell it, and even after the other person buys or sells that you would get the “Royalty” other than the initial price THAT’S THE FUN!

If you buy and save it as a token in the form of Ethereum, definitely you can do that but there are a lot of things to be taken care of: whether its price in the future rises or not?

[Watch this video for a better understanding]

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Artificial Intelligence ( AI )

Artificial intelligence in simple words is basically the umbrella term and within it, we have machine learning which is a subset of AI. Artificial intelligence it’s basically the leading edge of artificial intelligence (AI) both of those concepts are now quite old they were developed in it and were probably ahead of their time.

And if explaining Artificial Intelligence (AI) with examples, what we had is we had traditional artificial intelligence tools which basically meant we had expert systems where we had to tell computers exactly the rules of how to analyze data what data to use and what results to spit out, so we had expert systems that worked sometimes quite well but we have this typical problem of computer says no it.

Just didn’t work it didn’t know the perfect answer so for me a great example is a natural language or language
translations so if we try to design a rule-based artificial intelligence program to translate from English into
Chinese.

This doesn’t work and we’ve seen this in the past that these things didn’t really work that well because
there are so many exceptions to our human language and to program all these exceptions into this algorithm is almost impossible going back to the 1950s.

• Wanna learn what is NFT, and how to make and sell NFT online?-  [CLICK HERE]

Machine Learning (ML)

The simpler explanation of Machine Learning with ML or Machine Learning Examples.

Imagine someone then thought actually instead of telling the computer all the rules why don’t we give the computer lots of data so the computer can make up the rules by itself this is what we are referring to as machine learning. Where the machine learns from data and this is a bit like how we learn by ourselves our this basically simulates the brain copies the process that we as humans use to learn.

And be intelligent so in our head we have a brain and this has trillions of neurons and these neurons
are all connected and when we learn something so you might learn how to grab something in a Sur or how to speak a language and as a child it takes quite a long time to do this and we go through.

Lots of trial and error so we learn by experience and how do I grab this toy for example and then as a baby lots of things don’t quite work and then suddenly things on this worked and then your neurons make connections you say sending these signals to these muscles really worked in the same way when you pick up a language your parents and the teachers will correct you and overtime.

You will learn how to speak the language you can’t really learn this by rules you learn this by experiencing the challenge is that learning a language or grabbing a toy or cycling on a bike are things we can’t actually explain they are what we call it tacit knowledge we have explicit knowledge that we can write down on a
piece of paper.

I can write down this is how you operate a camera give this to you can read this and then operate the camera I can’t do this with this is how you swim this is how you cycle this is how you speak English because this is
something we have learned through experience and this is exactly what machines are able now to do we give them data and they learn from this data so initially, we had tools that could recognize characters.

And we all right handwritten characters differently so there’s very hard to write Louisville is but we can give a machine a million or billion versions of how someone writes an O and an A and a T or whatever and then the machine learning algorithm will say okay I know to build my own system and identify how probable that this is an O on A so this is again not brand-new since the 1960s in 1965.

Machine Learning Examples IRL

Since now you must have knowledge about Artificial Intelligence, Machine Learning, and the difference between Artificial Intelligence and Machine Learning (AI vs ML). You will even clear your concepts with the following real-life example.

The US Postal Service implemented its first handwriting scanner in their Detroit post office that is able to read someone’s address on a letter handwritten letters and this helped them to improve things what we now have is have machine learning capabilities why do we have them today two things have changed we now have more data because we’re now living in the big data world where we have lots of sensors everything is digital so we have huge volumes of data and we have the processing power so our chips are getting better.

And we have things like cloud computing that gives every device has access to huge computing the ability to store huge volumes of data and analyze them and this is now made machine learning possible so
instead of saying this is how you translate from English into Chinese you simply give the machines billions of
words and text translated from Chinese into English and then the machines will write their own algorithms.

Artificial Intelligence and Machine Learning Interconnection

To do this and this is basically the leading edge of artificial intelligence it now enables machines to learn to walk to learn to write we now have tools like natural language and voice recognition tools like Alexa that can pick up our language whether we are speaking with a Scottish accent or an American accent.

And this is all made possible by machines learning and improving by the hopefully this has given you a better understanding of the difference between artificial intelligence and Machine Learning (AI vs ML) which is the rule-based overarching concept of artificial intelligence and the more specific leading-edge application of machine learning the abilities of machines to learn from data a bit as we learn from experience.

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