Metaverse Fundamentals and Economy

This unit introduces foundational metaverse concepts, covering core terminology, virtual currency and NFT mechanics, audience demographics, and common business challenges. Students will use curated chapter references to research and document implications for design, ownership, and market strategy, preparing them for hands-on development and production in subsequent units.

Learning Objectives

• Analyze core metaverse terminology and platform categories to explain relationships among virtual environments, avatars, and user experiences.
• Evaluate virtual currency systems and NFT mechanisms by comparing their technical characteristics, value models, and associated risks for creators and consumers.
• Analyze business challenges and demographic data to identify target audiences and outline strategic considerations for launching metaverse products and services.
• Demonstrate research and citation skills by synthesizing information from assigned chapter references to justify ethical, legal, and design decisions in metaverse projects.