In this infographic, we look at key events that led to the development of the metaverse as we know it today.
In our opinion, the metaverse started with the adoption of the TCP/IP protocol for ARPANET, which was the predecessor to the Internet. The other notable events are the launch of SecondLife, the invention of Bitcoin and Ethereum, and Facebook rebranding to Meta.
We also note that the development of the metaverse has accelerated in the last 10 years.
1983- Birth of Internet
TCP/IP, the Internet protocol that enables computers to communicate over long distances is adopted as the protocol standard for ARPANET (the predecessor to the Internet).
1992- Snow Crash
The term Metaverse is first coined to describe a virtual-reality-based Internet resembling a massively multiplayer online game.
2003- Launch of Second Life
Dubbed as an early version of a metaverse, Second Life launches as an adults-only virtual world with a robust economy.
2006- Launch of Roblox
Roblox launches as online platform where users can create their own games as well as play ones made by others. In 2018, it becomes the biggest entertainment platform for kids under 13.
2009- Invention of Bitcoin
Bitcoin becomes the first cryptocurrency, enabling digital scarcity.
2012- Invention of NFTs (Non-fungible Tokens)
Colored Coins launches on the Bitcoin network and become the first ever NFT created.
2015- Invention of Ethereum
Ethereum becomes the first blockchain with smart contract capability, allowing apps to be created without being controlled by a centralized entity.
2016 - Launch of Oculus Rift
Facebook launches the first consumer virtual reality headset of the modern era after acquiring Oculus 2 years prior for $2B.
2018- Ready Player One Movie
Grossing $582M worldwide, Ready Player One depicts the concept of a virtual world to mainstream audiences.
2020- Launch of Decentraland
The first decentralized virtual world launches on Ethereum.
COVID-19 lockdowns increases the number of hours spent in front of screens.
2021- NFTs Go Mainstream
CryptoPunks, Bored Apes Yacht Club and others launch NFTs into the mainstream. Monthly volume on OpenSea grows to $3.4B in August from just $328M the month before.
2021- Facebook rebrands to Meta
The term metaverse becomes an international buzzword. Searches for the term peaks on Google Trends worldwide coinciding with the keynote.
This infographic originally published on the Tentango blog.
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