The concept of the metaverse is quickly becoming a buzzword in technology and business. But what does it mean? What is metaverse? Touted as the next generation of the Internet by some tech giants, it is a collection of virtual worlds on the Internet with their own currencies and purposes where people can exist in their digital avatars and interact with each other, similar to an online video game. The term can refer to digital spaces which are made more lifelike by the use of virtual reality (VR) or augmented reality (AR). Some people also use the word metaverse to describe gaming worlds, in which users have a character that can walk around and interact with other players. Why is it taking off? Silicon Valley giants like Microsoft and Facebook have been highlighting it as the next big opportunity, with the Mark Zuckerberg-led company even planning to rebrand its family of firms around the metaverse. The idea of the metaverse is that it will create new online spaces in which people's...
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