![]() ![]() In short, the Metaverse is not just a particular technology or platform, it is going to be an immersive and interactive experience comprising of a combination/ a confluence of multiple platforms and technologies as mentioned above, along with trends (sports, gaming, entertainment, fashion, commerce, etc) and user behaviour (social interaction, content creation, collaboration, etc) all set in a Phygital environment on a secure, decentralized blockchain platform. The future, Web 3.0 will introduce us to a world that connects people, places, things, and experiences. Jump to the present, Web 2.0 enhanced the internet and introduced us to a world of connected people, or in other words, the social media network as we know it today. In the past, Web 1.0 introduced us to the internet and a world of connected information. To understand the potential that the Metaverse holds in the near as well as the distant future, we need to take a journey back into the not-so-distant past, around the time the Internet was introduced to the masses. So why is there so much hype around the metaverse and why are people and brands investing millions of dollars into it? ![]() People will be able to access the Metaverse whenever they want and wherever they are, thanks to emerging technologies such as Augmented Reality (AR), Virtual Reality (VR), spatial computing, 5G, and Blockchain. A basic understanding is that the metaverse consists of an infinite number of digitally connected habitats populated by avatars of real people, who work, play, and socialize together. The word " Metaverse" is a combination of " Meta" (meaning " beyond" or "transformative" as in the word meta-morphosis) and " verse" from the word " uni-verse". Yes, we are talking about the “Metaverse”. He even declared back then that to focus on this vision of the future, the company is changing its name to Meta. You've probably heard a lot about the concept of a digital universe in the last few months, and the reason you’ve heard so much about it is because of Facebook's October 2021 announcement, in which CEO Mark Zuckerberg showcased the company's next vision towards investing billions of dollars over the years to come into this space. ![]()
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