The BIG Technical Jargon Guide

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What is the metaverse?

The metaverse is a term used to describe a fully immersive, shared virtual space that is created by the convergence of multiple virtual and augmented reality technologies. It is a kind of virtual universe that can be accessed and experienced by users through various devices and platforms, such as virtual reality headsets (e.g. Oculus), smartphones or desktop computers.

In the metaverse, users can interact with each other and with virtual objects and environments in real-time, creating a new kind of social and economic space that blurs the line between physical and digital reality. It can include features such as virtual real estate, virtual currencies, virtual goods and services and even virtual jobs and businesses.

The metaverse is still a relatively new concept, but it has already gained attention from tech companies, investors and entrepreneurs as a potentially transformative platform for entertainment, education, commerce and social interaction. Some experts believe that the metaverse could become a new form of the internet, creating new opportunities and challenges for individuals, businesses and society as a whole.