The Business Of Metaverse

August 4, 2022 16:00 pm

Have you ever heard about the metaverse? It is a set of technologies that allow for persistent, digital representations connected to aspects of the real world, like people, places, and things. Firstly, let us briefly understand the history of ‘metaverse’ by the term itself. The first use of the term ‘metaverse’ was in the 1992 science fiction novel “Snow Crash”, by Neal Stephenson, which described a single virtual world separate from the physical world. Other books, video games and content expanded on this concept, creating virtual worlds in “Ready Player One,” (which called its shared VR reality “the OASIS”), “The Matrix”, and “Second Life”, to name a few examples.