It's been nearly ten months since Facebook announced it was rebranding to Meta and would focus its future on the upcoming "metaverse."
Since then, what the term "metaverse" actually means hasn't gotten any clearer. Tech. CEOs like Mark Zuckerberg or Satya Nadella talk about it, the metaverse is the future of the internet. Or it's a video game. Or maybe it's a deeply uncomfortable, worse version of Zoom? It's hard to say.
Then what Is the Metaverse, Exactly?
Metaverse is the combination of two words, 'Meta' and 'Verse.' Meta is a Greek word that means 'beyond,' and verse is the end formation of the word 'universe.' Defining metaverse, it is a virtual-reality space in which users can interact with a computer-generated environment and other users.
Meta (Facebook) defines the 'metaverse' as "a set of virtual spaces where you can create and explore with other people who aren't in the same physical space as you."
The metaverse draws on a vast ensemble of different technologies, including virtual reality platforms, gaming, machine learning, blockchain, 3-D graphics, digital currencies, sensors, and (in some cases) VR-enabled headsets, etc.
Mark Zuckerberg's Meta says," the metaverse will be the biggest opportunity for modern business since the creation of the internet."
Want to learn more about this doorway to the virtual world?
Check out our recent report: