Navigating the Future of Web3 and the Metaverse

Abstract

The metaverse, a term first coined in Neal Stephenson’s 1992 science fiction novel Snow Crash , represents a collective virtual shared space, created by the convergence of virtually enhanced physical reality, augmented reality (AR) and the Internet. This digital universe allows users to interact with a computer-generated environment and other users. The concept has evolved from fictional imaginations to a significant focus of technological development, aiming to create immersive, digital worlds where people can work, play, socialise and participate in a variety of experiences that span across both the digital and physical worlds.