A Parent’s Guide To The Metaverse – Part One

We’ve all heard about the Metaverse. And there’s no doubt it has certainly captured the attention of the world’s biggest companies: Facebook has changed its name to Meta, Hyundai has partnered up with Roblox to offer virtual test drives, Nike has bought a virtual shoe company and Coca-Cola is selling NFT’s there too. (Non-Fungible Tokens – think digital assets).  


But if you are confused about exactly what this all means and most importantly, what the metaverse actually is, then you are not alone. I’m putting together a 2-part series for parents that will help us get a handle on exactly what this new digital frontier promises and what we need to know to keep our kids safe. It will also ensure we don’t feel like dinosaurs! So, let’s get started. 


What is this Metaverse? 


I think the best way of describing the Metaverse is that it’s a network of online 3D virtual worlds that mimic the real world. Once users have chosen their digital avatar, they can meet people, play games, do business, design fashion items, buy real estate, attend events, earn money, rear a pet – in fact, almost anything they can do in the ‘real’ world! And of course, all transactions are via cryptocurrencies. 


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