What is the Metaverse?
For now and the foreseeable future, the metaverse can be
explained as an immersive online experience that utilizes virtual
reality (VR) and augmented reality (AR) technology and
devices-theoretically, a world of unlimited imagination. Although
many believe the metaverse to be the next-generation of the
Internet, it is not a new concept. In fact, it has been under
serious discussion and in development for at least 10 years,
building on a concept that has been well-established in science
fiction for decades.
Of late, the metaverse has gained a higher profile because major
tech companies, such as Meta (formerly Facebook) and Microsoft,
have announced their plans to develop new metaverse platforms for
both entertainment and working purposes. This has stimulated
enthusiasm from other industry players to develop ecosystems
compatible with the major…
