Explained: What is the metaverse and who is getting involved?

The idea of the metaverse is attracting a lot of interest from investors and companies

The concept of the metaverse is becoming a buzzword in technology and business. But what does it mean?

What is the metaverse?

Metaverse is a broad term. It generally refers to shared virtual world environments which people can access via the internet. The term can refer to digital spaces which are made more lifelike by the use of virtual reality (VR) or augmented reality (AR).

Some people also use the word metaverse to describe gaming worlds, in which users have a character that can walk around and interact with other players. There is also a specific type of metaverse which uses blockchain technology.