the metaverse refers to a virtual / augmented reality social platform on which meta -- formerly facebook -- is focusing its future. the precise meaning is in an ongoing state of development as it is still being built. so far it involves VR video games, immersive digital worlds for both working and socializing, and customizable 3D avatar-based identities. tech companies are envisioning the metaverse as a platform for a new digital economy hosting the trade of virtual goods and NFTs. the concept is seeking to redefine the way we engage with the internet.
meta CEO mark zuckerberg claims that the metaverse will be 'the next chapter for the internet.'