Rewinding it back, talking about what “the metaverse” means is a bit like having a discussion about what “the internet” meant in the 1970s. The building blocks of a new form of communication were in the process of being built, but no one could really comprehend what the reality would look like after its release. For decades, technologists have dreamed of an era when our virtual lives play as important a role as our physical realities.
Broadly speaking, the technologies that make up the metaverse can include virtual reality—characterized by persistent virtual worlds that continue to exist even when you’re not playing—as well as augmented reality that combines aspects of the digital and physical worlds. It also translates to a digital economy, where users can create, buy, and sell goods.