![]() ![]() ![]() More recently, plots of land in Decentraland-a virtual world where visitors can watch concerts, visit art galleries, and gamble in casinos-have sold for hundreds of thousands of dollars in MANA, a cryptocurrency. Games in which players enter immersive digital worlds offer a glimpse into what the metaverse could eventually look like, blurring virtual entertainment with the real-world economy.Īs far back as the early 2000s, the game Second Life allowed people to create digital avatars that could interact and shop with real money. With the help of augmented reality glasses, it might allow you to see information whizz before your eyes as you walk around a city, from traffic and pollution updates to local history.īut metaverse enthusiasts are dreaming of a future in which the idea could be extended much further, allowing us to be transported to digital settings that feel real, such as a nightclub or a mountaintop.Īs workers have grown weary of video-conferences during the pandemic, Zuckerberg is particularly excited about the idea that co-workers could be brought together in a virtual room that feels like they are face-to-face. But broadly, it involves blending the physical world with the digital one. Over the next five years, he predicted, Facebook would transition from "primarily being a social media company to being a metaverse company".Īs with many tech buzzwords, the definition of the metaverse depends on whom you ask. "This is going to be a really big part of the next chapter for the technology industry," Zuckerberg told tech website The Verge last week. The book has long enjoyed cult status among Silicon Valley entrepreneurs-but in recent months the metaverse has become one of the tech sector's hottest buzzwords, with companies pouring millions of dollars into its development.įacebook fuelled the excitement further Monday by announcing the creation of a new team to work on Zuckerberg's vision of the metaverse. The metaverse is, in fact, the stuff of science-fiction: the term was coined by Neal Stephenson in his 1992 novel "Snow Crash", in which people don virtual reality headsets to interact inside a game-like digital world. ![]() Welcome to the metaverse: a vision of the future that sounds fantastical, but which tech titans like Facebook founder Mark Zuckerberg are betting on as the next great leap in the evolution of the internet. ![]()
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