The reason why the metaverse has taken off, especially in the past two years, is definitely related to the explosion of the NFT market and the latest bull run in the crypto sector.

This has given the metaverse the opportunity to expand rapidly, creating a real economy around it.

The metaverse is still something that many do not agree on in terms of meaning and definition, but the first characteristics are beginning to emerge.

They are three-dimensional spaces where users move freely using avatars to play, create, work and even make business deals.

Virtual spaces can be created by users themselves who make them available to other users.

Crypto, and sometimes fiat currencies, can be used.

Underlying virtual spaces are compatible technical standards, protocols, interoperability, digital ownership, blockchain technology, and laws governing their use.

source: https://en.cryptonomist.ch/2022/10/31/when-crypto-meets-metaverse/