What is the metaverse?

The metaverse is a collective virtual shared space, created by the convergence of virtually enhanced physical reality, augmented reality (AR), and the internet. It is a term often used to describe a future version of the internet, made up of persistent, shared, 3D virtual spaces linked into a perceived virtual universe.

It encompasses a wide range of virtual environments where users, through avatars, can interact with each other and with computer-generated elements. These virtual spaces allow for experiences such as gaming, socializing, business transactions, education, and more, transcending beyond what is possible in the physical world.

The concept of the metaverse is grounded in science fiction, popularized by Neal Stephenson’s 1992 novel “Snow Crash”. Today, it’s being brought closer to reality by advances in virtual reality (VR) and augmented reality technology, with companies like Meta (formerly Facebook), Microsoft, and others investing heavily in its development. The metaverse aims to create a more immersive digital world that integrates aspects of online social networking, online gaming, augmented reality, virtual reality, and cryptocurrencies to allow users to interact virtually.

Given its vast potential, the metaverse is seen not just as an entertainment platform but as a space that could significantly impact e-commerce, education, remote work, and social interactions, offering new opportunities for how people connect, work, and play.