The term “metaverse” is the latest buzzword to capture the tech industry’s imagination.
And while Facebook recently changed its name to Meta Platforms, Nike has bought a virtual shoe company to help it expand into the metaverse, and other retail giants like Gucci and Ralph Lauren have been considering the future of fashion with digital personas. But what is the metaverse, and what does it all mean? Can it be a space for optimism and collaboration, or will it instead amplify some of the major issues currently surrounding social media and society?
So, What is the Metaverse
Okay, this is tricky, but imagine the virtual world and the real world intertwining and merging under a single reality.
This is about bringing the internet to life, if you will, or at least rendering it in 3D, a kind of virtual environment you can go inside of instead of just looking at it on a screen.
Essentially, it’s a world of endless, interconnected virtual communities where people can meet, work, and play using virtual reality headsets, augmented reality glasses, smartphone apps, or other devices.
The metaverse is web 3.0, Dr. Lim says, the next evolutionary step from web 1.0 and the current 2.0. He says it is not a new internet but a new way of interacting with the internet.
“A lot of people think of the metaverse as a place, but I see the metaverse as more of a time that is coming.”
In the metaverse, Dr. Lim believes we will live our virtual life the same way we live our physical life.