Crypto people say they’re building it. Gamers might already be living in it. The artworld is cashing in on it. Web veterans are trying to save it. But what is it?
Metaverse is a portmanteau of meta, meaning “transcendent”, and verse from “universe.” The metaverse is a network of always-on virtual environments in which many people can interact with one another and digital objects while operating virtual representations or avatars of themselves. Think of a combination of immersive virtual reality, a massively multiplayer online role-playing game and the web. The metaverse is a concept from science fiction that many people in the technology industry envision as the successor to today’s internet.
There are three key aspects of the metaverse: presence, interoperability, and standardization.
Presence is the feeling of actually being in a virtual space. Research has shown that this sense of embodiment improves the quality of online interactions. This sense of presence is achieved through virtual reality technologies such as head-mounted displays.
Interoperability means being able to seamlessly travel between virtual spaces with the same virtual assets, such as avatars and digital items. In the blockchain space, non-fungible tokens (NFTs) facilitate the transfer of digital goods across virtual borders.
Standardization is what enables interoperability of platforms and services across the metaverse, as with all mass-media technologies
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