The past few days I have been in the metaverse. When Facebook initially made its announcement, I was intrigued. I also had some burning questions. What does it mean? What does it mean for the future of vFairs, and for all such businesses? I started reading up on it. Digging deeper and deeper, I found a wealth of information on metaverse.
The world has far moved on from ‘the internet of things’, ‘the cloud’, ‘Web 2.0’. Now the new buzzword on the block is ‘metaverse’. So here I am, sharing all that I learned about what it is, and what it means for the future of business.
What is the Metaverse?
The metaverse is a fully-realized digital world that goes beyond the analog one in which we live right now. Mark Zuckerberg himself drew the inspiration for Facebook’s rebrand to ‘Meta’ from the Greek word meta, which means ‘beyond’. The pandemic led to a sharp shift to virtual experiences, environments and assets. When everything moved online, these virtual worlds gained momentum. This all paves the way for what the internet will become next.
Video games have metaverse tendencies where players can build their own world. Additionally, cryptocurrencies are part of the metaverse experience. Virtual and augmented reality are metaverse adjacent too. So if you’ve ever experienced any of these, you have experienced some part of the metaverse.
Simply put, the metaverse is the next big thing. With heavy investment and interest from leaders worldwide, it could be the future of the internet.