What is the metaverse ?

What is the metaverse?

The metaverse seems to be the Internet’s new buzzword – it’s everywhere. Many tech leaders believe it is the future of our society – including Mark Zuckerberg, who recently renamed and rebranded his company from Facebook to Meta (formally, Meta Platforms Inc.) after the concept. Others, such as Elon Musk, aren’t as convinced, saying the idea of the metaverse is not “compelling.”

In reality, the metaverse represents a variety of innovative concepts with the potential to transform how we use the Internet in decades to come. So what, exactly, is it? Why is it important? And why are companies investing in droves? Here’s a breakdown of everything we know about the metaverse so far.

What is the metaverse?

The metaverse is a three-dimensional online space that combines virtual and augmented realities where people can interact with each other – via digital avatars – by working, playing, shopping, trying on clothes, attending concerts and even buying land. The word was first used in Neal Stephenson’s 1992 science fiction novel, Snow Crash.

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