WHAT IS THE METAVERSE? WHAT IT MEANS AND WHY IT MATTERS

The term ‘metaverse’ is gathering momentum as we move into the next phase of its evolution, but what exactly is the metaverse? And how will the metaverse impact human culture? First of all, the metaverse could be called a point in time that we are moving towards. Indeed, the metaverse is an era, which will revolutionize every industry, but we haven’t arrived yet. We’re just getting started. The metaverse is not virtual reality, nor is it a video game-like “Fortnite” or “Roblox” because the metaverse can’t be confined to one place. However, these are all experiences that will feature in the metaverse, which we could call very loosely an expansive, immersive digital world. Think Steven Spielberg’s “Ready Player One”, ‘Oasis’ – a world where you can do anything and go anywhere, be anyone (as your avatar). This is the scale the metaverse developers are envisioning. Yet, no one knows what it will truly look like. For now, we know that something transformative is in the works, far more real than we’ve ever seen in the digital space. In fact, the metaverse has ignited a thrilling race to the top – with many of the world’s tech giants and geniuses engaging in a battle of the metaverse. Over time, as history has taught us, there will be innovation followed by innovation until the metaverse experience, one day, is completely seamless. Much like the internet and mobile internet era, the metaverse is going to change everything and it all starts now.