What is Metaverse?
The term ‘Metaverse that signifies “beyond the universe” is just that – beyond the constraints and boundaries of the physical universe. Not only is it virtual, augmented reality, but it is also the next step for the digital world, the internet 3.0, which goes beyond the analog one in which we currently reside. It is a fully-realized digital world that delves into virtual environments, experiences and assets.
Metaverse is a digital reality that combines aspects of social media, online gaming, augmented reality (AR), virtual reality (VR), and cryptocurrencies to allow users to interact virtually. Augmented reality overlays visual elements, sound, and other sensory input onto real-world settings to enhance the user experience. In contrast, virtual reality is entirely virtual and enhances fictional realities.
Benefits of Metaverse
1) User interactions are more multidimensional. Instead of just viewing digital content, users in the metaverse will be able to immerse themselves in a space where the digital and physical worlds converge.
2) Users will experience socio-economic and environmental changes and shifts in real-time as the users make changes and calls for action.
3) The metaverse space is touted to be a huge economical asset, as the next 5 to 10 years are said to be explosive in terms of implementing the metaverse.