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What is the Metaverse?

The Metaverse is the virtual world in which people can interact with other people. It is a rapidly growing phenomenon with a high number of potential users. However, it also presents a number of challenges, including the need for regulatory certainty, counterfeit NFTs, and trading scams. In order to combat these challenges, major firms are investing in the technology and building platforms to take advantage of its potential. This includes investing in the development of digital tokens, which serve as stepping stones into the metaverse.

The term Metaverse was coined by Neal Stephenson in his seminal 1992 novel Snow Crash. The novel depicted a world where protagonists wear VR goggles and leave the “real world” behind to immerse themselves in the virtual realm. Since then, the concept has become increasingly popular, but its precise definition remains elusive. Indeed, many creators and users see the Metaverse as a potential “aspiration” unfulfilled.

One of the most interesting aspects of the metaverse is its ability to bring new levels of entertainment to users. For example, if people use Microsoft Teams for collaboration, they can visit virtual spaces with other users. The virtual worlds are accessible through desktop computers, game consoles, headsets, and virtual reality glasses. In addition to this, they will be accessible to millions of users, enabling them to play, work, and collaborate with other users from different parts of the world.

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