● What is the news?
There is a new push in tech-firms for dominating the “Metaverse” technology. Recently Facebook renamed itself as “Meta” highlights one such push
● The “metaverse” is a network of always-on virtual environments in which many people can interact with one another and digital objects through virtual representations of themselves.
● It is combination of multiple elements of technology, including virtual reality, augmented reality and video where users "live" within a digitally enhanced surrounding.
Why the Metaverse matters?
● It is extremely important for the future of the economy and society as a whole.
● Companies like Facebook are aiming to make it the setting for many online activities, including work, play, studying and shopping.
Term Metaverse:
● Sci-fi novelist Neal Stephenson coined the term in his 1992 novel “Snow Crash” to describe the virtual world in which the protagonist, Hiro Protagonist, socializes, shops and vanquishes real-world enemies through his avatar.
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