What is Metaverse?

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WHAT IS METAVERSE?

• A complete guide to the metaverse

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Introduction

• The first thing to know about the metaverse is
  that the word was coined by Neal Stephenson in
  1992. The word was primally mentioned in his
  science fiction novel 'Snow Crash'. He imagined a
  21st-century dystopian future as a medium for
  people to escape from their reality just as
  displayed in 'The Matrix', though with a dye of
  unwillingness.

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Meaning

• I think the meaning of metaverse cannot
  necessarily be bound by the confines of a
  definition as it is not yet credibly incorporated
  and implemented in our world today. It can,
  however, be conceptualized as an evolutionary
  development to our today's internet that involves
  a 3D virtual reality and augmented reality in
  which users can enter a virtual world to work,
  shop, play, communicate and socialize with the
  feeling of being present, though virtually.

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Incorporation

• The popularity of the term 'metaverse' has
  radically heightened since big technological
  enterprises and business organizations started
  showing a high amount of interest in the concept
  and envision it as the new future of social
  connection and business. Facebook hinted interest
  in the metaverse in 2014 when 'Oculus' was
  bought. Interests in the metaverse spiked when
  Mark Zuckerberg declared that Facebook's
  commitment has been directed to the development
  of the metaverse in 2021, Facebook was renamed
  'Meta Platforms'.

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Criticisms

• The popularity of the term 'metaverse' has
  radically heightened since big technological
  enterprises and business organizations started
  showing a high amount of interest in the concept
  and envision it as the new future of social
  connection and business. Facebook hinted interest
  in the metaverse in 2014 when 'Oculus' was
  bought. Interests in the metaverse spiked when
  Mark Zuckerberg declared that Facebook's
  commitment has been directed to the development
  of the metaverse in 2021, Facebook was renamed
  'Meta Platforms'.

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Want to learn more?

• Jaymin Kim has written articles on metaverse, Web
  3.0, NFTs, Crypto, Bitcoin, and the digital
  World. Do visit my profile for more related
  quality content.