What is the Metaverse and how does it work?

The metaverse can be broadly broken down into two distinct types of platforms. The first centres around building a blockchain-based metaverse, using NFTs and cryptocurrencies. Platforms like Decentraland and The Sandbox allow people to purchase virtual parcels of land and build their own environments.

What is facebook's'metaverse'?

Despite sounding like something out of a sci-fi movie, the metaverse is something we could all be using in the future. The social media giant Facebook has announced that it's hiring 10,000 people to develop the metaverse. But what is it? It's a way of using the internet through virtual reality (VR).

What is a'metaverse'?

Broadly speaking, the technologies companies refer to when they talk about “the metaverse” can include virtual reality—characterized by persistent virtual worlds that continue to exist even when you're not playing—as well as augmented reality that combines aspects of the digital and physical worlds.

Are Metaverse technologies nascent?

“Emerging metaverse technologies may be nascent, but they offer strategic opportunities — with potential benefits that aren’t limited to virtual worlds. Metaverse will transform the physical world, as well as transport or extend physical activities to a virtual world,” says Gartner VP Analyst Marty Resnick. What is a metaverse?