In the ever-evolving world of technology, a concept is emerging and garnering increasing enthusiasm: the Metaverse. While the term may seem straight out of a science fiction movie, it has become the subject of many discussions among technology experts and industry visionaries. But what is the Metaverse, and what are its economic implications?
The Metaverse is a shared virtual environment where individuals interact with each other and digital objects using avatars. It transcends the boundaries of the real world and opens up a virtual universe, created by the convergence of virtual worlds, augmented reality, and virtual reality. It offers an immersive experience where users can explore, create, and interact meaningfully with virtual environments and people.