What is it you ask? If explained literally, the term “Metaverse” is formed of two words, one of which is “meta” or “beyond” and the other, “verse” or shortened term for “universe”.You can describe it as an idea… a hypothesis….a concept….a growing bubble, that has taken in all the next-gen billionaires, tech enthusiasts, celebrities, entrepreneurs, and big industry names by storm. It is an amalgamation of the concepts of robotics, AI, machine learning, automation, virtual reality and much more!!
The term was first coined in a science fiction novel named Snow Crash by Neal Stephenson in 1992. Since then, the domain of metaverse has increased drastically, and in recent times each and every innovation related to technology is said to be a part of it. Videogames and multiplayer communities have been widely acceptable of the idea as it boasts the future opportunities of virtual realms and digitalized living as a new norm.
Crypto enthusiasts and blockchain experts are particularly interested in the topic as it boasts about the future possibility of humankind going cashless and living fully in cyberspace, which is similar to what blockchain and its idea of decentralization aim to achieve. This exactly curates with the emerging bubble of non-fungible tokens (NFTs) which hence, is at a massive high all over the digital spaces and communities.
Hence, in a nutshell, Metaverse translates to a future world where each and everything - physical or virtual - can be bought, sold, and exchanged online. People will be able to do what they want, achieve what they seek, and explore endless possibilities without any worldly restraints and barriers. This is the epitome of user-experience and user-friendliness that I, you, and all of us wish to encounter in the future. Whatever it translates to be in the future, we can surely say, it has already begun and there is no stopping to it now.