What Is the Metaverse?
What Is the Metaverse? An Explanation for People Who Don’t Get It
Is it just a buzzword, the next internet, a video game, or an idea? We asked experts to break it down for us.
Talking about the metaverse feels a lot like talking about the internet back in the 70s and the 80s. Everyone was talking about it but few knew what it really meant or how it would work. Looking back, it didn’t turn out exactly as some people imagined.
However, with the metaverse pegged to become an $800 billion market by 2024, and with tech giants like Meta, Microsoft, Apple and Google investing big money in making it a reality, it’s time to find out what this vague and complex term means.
So, we got a bunch of experts to break it down for those who still don’t get what the metaverse is all about, AKA most of us.
Essentially, the metaverse is supposed to be a 3D version of the internet that is seen as the logical next stage of development, and would ideally be accessed through a single gateway.
While the discourse on defining the metaverse differs from case to case, it is, in the simplest terms, a shared virtual space that is interactive, immersive and hyper-realistic. It would also include your own customized avatar and digital assets, which will likely be recorded on a blockchain.
According to technologists, the metaverse will take the virtual reality experience to the next level, allowing users to float into the virtual world to do everything from buy land and host parties to even get married through digital avatars.