What is the Metaverse? Best Explanation and In-Depth Guide

27 Apr 2023

What is the Metaverse

The Metaverse is one of today’s trendiest themes. But do you know what this phrase means and what possibilities it opens up with the introduction of this new technology? Continue reading to learn more about the metaverse.

The word “metaverse” was coined by Neil Stevenson, author of the science fiction novel Avalanche, published in 1992, in which he envisaged genuine avatars meeting and spending time in natural 3D structures and other virtual reality situations.

Since then, many innovations have marked key milestones on the route to a full metaverse: an online virtual environment that includes augmented reality, virtual reality, 3D holographic avatars, video, and other media. Currently, indications of the metaverse may be seen in the universes of online games such as Fortnite, Minecraft, and Roblox, among many others. And the corporations creating these games want to be a part of the metaverse’s progress.

What is the Metaverse: Definition and Application

The virtual metaverse is a technological amalgamation of several features, including virtual reality, extended reality, and video, in which users “live” in the digital universe. The metaverse’s proponents presume that their users work, play, and are always in contact with their contacts: from concerts and conferences to virtual excursions around the world. In other words, it’s like a newer version of the Internet.

And now that you know what the metaverse is, you’re undoubtedly wondering when we’ll be able to see it in real life. According to Mark Zuckerberg, CEO of Meta (previously Facebook), it might take five to 10 years for essential elements of the metaverse to become ubiquitous. However, we now have to deal with numerous parts of the metauniverse. Although ultra-fast internet, virtual reality headgear, and always-on online worlds are currently in the works, they may not be available to everyone right once.

The Metaverse Today: Some Examples and Benefits


The former Facebook has already invested heavily in virtual reality, including the 2014 acquisition of Oculus. Meta is a virtual world in which digital avatars connect via virtual reality headsets while working, traveling, or having fun. According to Zuckerberg, the current Internet can be replaced by the metaverse. Our upcoming platform will be an even more immersive online that allows you to actively participate in the experience rather than just see it from a distance. “According to Mark Zuckerberg, CEO of Meta, we refer to it as the metaverse.


With its Microsoft Mesh platform, the software giant is already employing holograms and producing augmented and mixed reality (XR) apps that blend the actual world with augmented and virtual reality. The US Army is presently collaborating with Microsoft to develop the Hololens 2 augmented reality headgear, which will be used by soldiers to train, practice, and combat. Furthermore, Xbox Live brings together millions of players from all over the world.

Epic games

Sweeney, CEO of Epic Games, stated, “It’s no secret that Epic is investing in building the metaverse.” The organization has hosted performances by Ariana Grande and Travis Scott, as well as movie trailers, and musical debuts, as well as an “exciting” reworking of Martin Luther King Jr.’s iconic “I Have a Dream” speech. In addition, he creates lifelike synthetic people with his MetaHuman Creator, allowing you to customize your digital twin in future online games.
Although the notion of the metaverse is continually growing, it is now a reality. Technology provides innumerable benefits to help us be more efficient at work, and there is little question that the metaverse will provide innumerable new applications to the mice sector. In reality, we are already witnessing a total technical shift in this sector, and we will continue to watch for any improvements to fully capitalize on them.


The material on this website, whether it be statistics, text, or other content, is being offered as general market data, not as investment advice. Previous performance does not guarantee future performance.

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