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While people were on the edge of understanding the concept of crypto, considering it as a new and innovative form of technology, in no time the world started understanding the metaverse. As the social media giant Facebook changed its name to meta since then the word Metaverse is in hot topics and the discussion for the same has not stopped since then. As per the reports, the metaverse is an older yet new concept that would transform into the internet's new frontier with annual revenue of trillion dollars.
With Facebook's sudden rebranding to meta, the word has caught all the attention and people tend to believe that Metaverse is a product of Facebook, Microsoft, or Google. In reality, it is nothing related to that but is a concept that blends both the physical and digital worlds.
Coined in 1992 by Neal Stephenson in his science fiction novel 'Snow Crash' metaverse is an amalgam of two worlds termed 'Meta' meaning beyond or after and 'Verse' meaning Universe together. Metaverse is a 3D virtual reality consisting of the convergence of physical, augmented, and virtual reality in a digital space. It acts as a connected ecosystem that helps interact, play games, create, collaborate, and work easily.
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