Metaverse

Subject: Science and Technology

Section: Awareness in the field of IT

What is metaverse?

A simplistic way to look at the metaverse is as a parallel, virtual, world where users can have different identities, possessions and characters.
It is an integrated 3D virtual world.
Interoperability is key to metaverse’s success.
The metaverse does not reset or pause or end, but continues indefinitely.
Metaverse is not something that just one company can build. Nor is Facebook the only one working on this. Epic Games, the creator of Fortnite, has big plans for the metaverse using its unreal engine.

How will the metaverse really work?

Digital spaces, Virtual Reality games, a virtual world, or even just a game like Fortnite is not the metaverse.
The metaverse is being envisioned as a new world order really, where your services could be offered virtually in exchange for other virtual assets, or Cryptocurrencies. The way to look at it is that your existence will be enmeshed with the digital world in a much deeper, complex way.
Because everything and everyone is supposed to be a part of this, interoperability will be key. In order to ensure that the metaverse functions smoothly, it would require a rewriting of the current rules as they are for most of the internet services and functions.