Crypto Terms:
Letter M
What is Metaverse-as-a-Service (MaaS)?
Meaning:
Metaverse-as-a-Service (MaaS) -
a technological solution used to build metaverses.
Let's find out Metaverse-as-a-Service (MaaS) meaning, definition in crypto, what is Metaverse-as-a-Service (MaaS), and all other detailed facts.
Metaverse-as-a-Service (MaaS) is a service provider solution that offers customers the technology and infrastructure to create and manage their own metaverses. The features of a MaaS product are powered by the service provider’s native token, which in many cases also allows holders to take part in the governance process.
The metaverse is a blockchain-enabled immersive virtual world. The key technologies involved in metaverses are artificial intelligence (AI), virtual reality (VR), and augmented reality (AR). Building a metaverse is a complicated process due to the hardware and software requirements, storage and server space, as well as overall technical knowledge.
MaaS solutions were developed as an easy way for users to develop their own metaverse worlds. The service providers simplify the process, reducing the load of technical requirements involved in the process.
Technology-as-a-service has become a popular subscription-based business model for tech businesses to sell their services. In recent years, business models such as Software-as-a-Service (SaaS), platform-as-a-service (PaaS), and Blockchain-as-a-Service (BaaS) have become the standard.
Technology-as-a-Service is typically sold as a cloud-based solution. Companies can reduce the costs of setting up in-house servers by purchasing services from third-party cloud service providers like AWS or Google. This provides businesses with more flexibility and reduces capital expenditures.
blockchains, <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-smart-contract/">smart contracts<\/strong><\/a>, <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-exchange/">cryptocurrency exchanges<\/strong><\/a>, and many other elements within the industry. <\/p>\n<p>For instance, <a href=https://www.bitdegree.org/"https:////www.bitdegree.org//crypto//buy-bitcoin-btc/">Bitcoin, one of the most well-known companies in the sector, is a blockchain platform, a cryptocurrency, and a network that connects it all together. The rate of adoption in regards to all these aspects influences the price of BTC.<\/p>\n<p>Metcalfe’s Law can demonstrate how Bitcoin prices will move in the medium term.<\/p>","definition":"is a concept explaining the increase in value for every user when a network has a growing amount of users. In essence, it describes the network\u2019s value.","status":"published","meta_title":"What is Metcalfe\u2019s Law? Definition & Meaning | Crypto Wiki","meta_description":"Metcalfe\u2019s Law meaning: Metcalfe\u2019s Law - is a concept explaining the increase in value for every user when a network has a growing amount of users. In essence, it describes the network\u2019s value.","meta_keywords":null}"
:prev-section="{"id":494,"wikipedia_url":"https:\/\/en.wikipedia.org\/wiki\/Metaverse","level":"medium","author_id":1,"created_at":"2023-06-19T06:59:00.000000Z","updated_at":"2024-01-10T04:44:58.000000Z","slug":"what-is-metaverse","title":"What is Metaverse?","section":"M","keyword":"Metaverse","content":"<p><strong>The metaverse is an idea of a permanent, online, 3D universe, that integrates many virtual environments.<\/strong> In other words, it is essentially a digital universe that has all of the real-world features. People are able to socialize, work, play and even do business within the metaverse.<\/p>\n<p>Even though the metaverse does not yet exist in its entirety, several platforms feature metaverse-like aspects. At the moment, video games give the closest metaverse perspective available. <\/p>\n<p>Creators have expanded the definition of a game by organizing in-game events and building virtual economies.<\/p>\n<p>Moreover, metaverse can be identified by a few or all of these features:<\/p>\n<ul>\n<li><strong>Open content. <\/strong>Unlike prior forms of digital worlds, the material and sensations within metaverses may be developed collaboratively by companies and people. In essence, users are projected to ultimately supply the vast magnitude of the material in the metaverse.<\/li>\n<li><strong>Economy.<\/strong> There is a perfectly operating economy in the metaverse. It purchases, sells, and trades goods and commodities in the metaverse using a native, blockchain-based currency.<\/li>\n<li><strong>Real-time. <\/strong>Everything happens there in actual time. This does not automatically entail real-time, but pre-recorded acts, for instance, can be activated, yet consumers perceive them in a timely manner.<\/li>\n<li><strong>Physical bridge. <\/strong>In virtual reality, the metaverse can coexist with or even be connected to the actual world. Consider adding a virtual layer on top of or related to genuine geographical coordinates. This is in contrast to virtual reality metaverses, which live solely in a virtual realm.<\/li>\n<\/ul>\n<p>Many initiatives in the blockchain and crypto sector are developing variations of their own digital worlds using other upcoming technologies such as artificial intelligence and extended reality such as <strong><a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-virtual-reality-vr/">VR and AR<\/strong>. The idea of the metaverse is growing rapidly among large IT organizations as well. In practice, it is hard to determine its form.<\/p>\n<p><strong>The word \"metaverse\" is frequently used to define an environment in which system users may locate every single piece, invention, experience, and interaction in a connected, and most crucially, permanent place.<\/strong><\/p>\n<p>In fact, there are several existent metaverses that may be attributed to using various names and words. The term stems from the Greek words \"meta\" (beyond) and \"universe,\" which relate to all existent matter and space. As a result, the phrase \"metaverse\" extends far more than what is evident and familiar.<\/p>","definition":"a digital universe with all of the characteristics, economics, and activities of the actual world.","status":"published","meta_title":"What is Metaverse? Definition & Meaning | Crypto Wiki","meta_description":"Metaverse meaning: Metaverse - is a digital universe with all of the characteristics, economics, and activities of the actual world.","meta_keywords":null}"
:model="{"id":508,"wikipedia_url":"https:\/\/en.wikipedia.org\/wiki\/Metaverse","level":"easy","author_id":1,"created_at":"2023-06-19T06:59:00.000000Z","updated_at":"2024-01-10T04:53:01.000000Z","slug":"what-is-metaverse-as-a-service-maas","title":"What is Metaverse-as-a-Service (MaaS)?","section":"M","keyword":"Metaverse-as-a-Service (MaaS)","content":"<p><strong>Metaverse-as-a-Service (MaaS)<\/strong> is a service provider solution that offers customers the technology and infrastructure to create and manage their own <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-metaverse/">metaverses. The features of a MaaS product are powered by the service provider’s native token, which in many cases also allows holders to take part in the <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-governance/">governance process.<\/p>\n<p>The metaverse is a <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-blockchain/">blockchain-enabled immersive virtual world. The key technologies involved in metaverses are artificial intelligence (AI), <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-virtual-reality-vr/">virtual reality (VR)<\/strong><\/a>, and <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-augmented-reality-ar/">augmented reality (AR)<\/strong><\/a>. Building a metaverse is a complicated process due to the hardware and software requirements, storage and server space, as well as overall technical knowledge.<\/p>\n<p>MaaS solutions were developed as an easy way for users to develop their own metaverse worlds. The service providers <strong>simplify<\/strong> the process, reducing the load of technical requirements involved in the process.<\/p>\n<p>Technology-as-a-service has become a popular subscription-based business model for tech businesses to sell their services. In recent years, business models such as Software-as-a-Service (SaaS), platform-as-a-service (PaaS), and Blockchain-as-a-Service (BaaS) have become the standard.<\/p>\n<p><strong>Technology-as-a-Service<\/strong> is typically sold as a <a href=https://www.bitdegree.org/"//crypto//learn//crypto-terms//what-is-cloud/">cloud-based solution<\/strong><\/a>. Companies can reduce the costs of setting up in-house servers by purchasing services from third-party cloud service providers like AWS or Google. This provides businesses with more flexibility and reduces capital expenditures.<\/p>","definition":"a technological solution used to build metaverses.","status":"published","meta_title":"What is Metaverse-as-a-Service (MaaS)? Definition & Meaning | Crypto Wiki","meta_description":"Metaverse-as-a-Service (MaaS) meaning: Metaverse-as-a-Service (MaaS) - a technological solution used to build metaverses.","meta_keywords":null,"author":{"id":1,"user_id":1,"created_at":"2023-05-03T14:30:55.000000Z","updated_at":"2023-05-11T07:18:20.000000Z","title":"Editor-In-Chief","slug":"aaron-s-editor-in-chief","description":"<p>Having completed a Master’s degree on Economics, Politics & Culture for the East Asia region, Aaron has written scientific papers with a comparative analysis of the differences between US’ Western and Japan’s Collective forms of capitalism, 1945-2020.<\/p>\n<p>With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.<\/p>\n<p>Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.<\/p>\n<p>Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.<\/p>","user":{"id":1,"first_name":"Aaron","last_name":"S.","email":"aaron@bitdegree.org","email_sanitized":"aaron@bitdegree.org","email_verified_at":"2023-12-01T09:40:20.000000Z","must_verify_email":false,"is_registered_with_wallet":false,"status":"active","country":"LT","last_connected_ip":"88.119.132.125","image_id":2641,"referral_token":"05TMu2NysXOCn525","referred_by":null,"created_at":"2023-05-03T14:30:55.000000Z","updated_at":"2024-01-09T15:22:21.000000Z","full_name":"Aaron S."}}}"
:chapter-list="[{"id":1,"title":"Blockchain","slug":"blockchain","updated":null,"chapter":"crypto\/assets\/crypto-book\/chapters\/learn-blockchain.jpg","chapter_simple":"crypto\/assets\/crypto-book\/chapters-simple\/blockchain-101.jpg","rating":100,"sections":[{"chapter_id":1,"order":1,"slug":"what-is-blockchain","title":"What is the Blockchain?","status":"published","modified_content":null},{"chapter_id":1,"order":2,"slug":"decentralized-blockchain","title":"Anonymous & Decentralized Blockchains: The Cornerstone of Crypto","status":"published","modified_content":null},{"chapter_id":1,"order":3,"slug":"blockchain-transaction","title":"What is a Blockchain Transaction in Crypto?","status":"published","modified_content":null},{"chapter_id":1,"order":4,"slug":"crypto-fees","title":"The Different Types of Crypto Fees Explained","status":"published","modified_content":null},{"chapter_id":1,"order":5,"slug":"what-is-bridging-in-crypto","title":"The Key Notion Behind the Concept of Bridging in Crypto","status":"published","modified_content":null},{"chapter_id":1,"order":6,"slug":"types-of-blockchains","title":"Different Types of Blockchains: What to Look Out For?","status":"published","modified_content":null}]},{"id":2,"title":"Cryptocurrencies","slug":"cryptocurrencies","updated":null,"chapter":"crypto\/assets\/crypto-book\/chapters\/learn-cryptocurrencies.jpg","chapter_simple":"crypto\/assets\/crypto-book\/chapters-simple\/cryptocurrencies-101.jpg","rating":100,"sections":[{"chapter_id":2,"order":1,"slug":"what-is-a-cryptocurrency","title":"What is a Cryptocurrency?","status":"published","modified_content":null},{"chapter_id":2,"order":2,"slug":"how-does-cryptocurrency-work","title":"How Does Cryptocurrency Work?","status":"published","modified_content":null},{"chapter_id":2,"order":3,"slug":"is-cryptocurrency-a-good-investment","title":"Is Cryptocurrency a Good Investment? The Pros & Cons","status":"published","modified_content":null},{"chapter_id":2,"order":4,"slug":"coin-vs-token","title":"Coin VS Token: How Do They Differ?","status":"published","modified_content":null},{"chapter_id":2,"order":5,"slug":"what-are-stablecoins","title":"What are Stablecoins, Altcoins & Wrapped Coins?","status":"published","modified_content":null},{"chapter_id":2,"order":6,"slug":"what-is-a-bitcoin","title":"Bitcoin: the Pioneer of the Crypto World","status":"published","modified_content":null},{"chapter_id":2,"order":7,"slug":"what-is-ethereum","title":"The Ultimate Blockchain for dApp Creation: Ethereum","status":"published","modified_content":null},{"chapter_id":2,"order":8,"slug":"what-is-cardano-in-crypto","title":"What is Cardano and What is It Used For?","status":"published","modified_content":null},{"chapter_id":2,"order":9,"slug":"what-is-shiba-inu-coin","title":"Shiba Inu: the Dogecoin 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current-chapter="M"
current-section="what-is-metaverse-as-a-service-maas">
