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  2. INTRODUCTION • The metaverse is a term used to describe a collective virtual shared space that is created by the convergence of physical and virtual reality. • In simple terms, it is a fully immersive digital environment that allows users to interact with each other, as well as digital objects and environments. • The concept of the metaverse is not new and has been around since the early 1990s, but it has gained significant traction in recent years, thanks to advancements in virtual and augmented reality technologies.
  3. 1. Immersion: The metaverse is designed to be a highly immersive experience, where users can feel like they are truly present in a digital environment. 2. Social interaction: The metaverse is a shared space, meaning users can interact with each other in real-time, just like they would in the physical world. 3. Virtual economy: The metaverse is also a place where users can buy, sell, and trade virtual goods and services, creating a whole new virtual economy.
  4. • Endless possibilities: The metaverse is a space without physical limitations, which means that it can be designed and customized in a limitless number of ways, making it a highly creative and flexible environment.
  5. HISTORY :  1992 – American sci-fi writer Neal Stephenson coins the term metaverse in his book Snow Crash, which depicts dystopian future world where rich people escape into an alternative 3D, connected reality.
  6. USES OF METAVERSE IN DIFFERENT INDUSTRIES o Gaming o Healthcare o Education o Social Media
  7.  The concept of the metaverse has enormous potential for a variety of industries, including gaming, entertainment, education, healthcare, and more.  Some experts even believe that the metaverse could eventually become the next big thing on the internet, replacing the current web as we know it.  However, there are also concerns about the metaverse, including issues related to privacy, security, and accessibility.  As the metaverse continues to evolve, it will be important to address these challenges and ensure that the metaverse is a safe, inclusive, and equitable environment for all users.  The metaverse is an exciting concept with enormous potential for a variety of industries. As technology continues to advance, it will be interesting to see how the metaverse evolves and what new possibilities it brings. CONCEPTS
  8.  The metaverse can shape the future in which we spend more time in the virtual world than reality. An avatar represents you in the metaverse, comparable to the avatars that Facebook started using in 2020.  Many technology experts believe it will eliminate the issue of geography, particularly when it comes to business interactions. According to Harding, an increasing number of businesses will have "boarded the metaverse train in 2022.”  Many tech executives anticipate that one day, individuals will begin to create their metaverses and that instead of Oasis, we will all be relaxing in that world WILL THE METAVERSE REPLACE THE REAL WORLD?
  9.  Bloomberg Intelligence's metaverse represents a "$800 billion market opportunity." The metaverse creates a new economy in which wealth will be generated, traded, and increased with a different currency yet connected to real-world money.  We'll soon see businesses will be formed, office buildings will be built, meeting for remote workers will be held, and job interviews will be conducted in the metaverse world.  The metaverse will see a surge in digital commerce, primarily as big-box retailers like Walmart aim to sell things there. CNBC reported Adidas launched NFTs and purchased land on Sandbox VR, a virtual real estate firm. Gucci, a fashion brand, collaborated with game developer Roblox to sell goods in the metaverse. Balenciaga has partnered with Epic Games, the creator of Fortnite, to provide virtual boutique HOW WILL BUSINESSES TRADE IN THE METAVERSE?
  10. To purchase virtual property, you must first register with a metaverse platform, such as Decentraland, The Sandbox, or Axie Infinity, among others. Binance, Gemini, and Coinbase are all popular platforms for purchasing metaverse cryptocurrency. These exchangers will assist you in converting real cash to metaverse crypto. If you already have cryptocurrencies, such as Bitcoin or Ether, you may trade them for metaverse directly. HOW TO BUY PROPERTIES IN METVERSE
  11. ADVANTAGES : o Improbable even impossible experiences. o More equal access to virtual experiences. o Heightened Social connections and life like instructions. o Better Collaboration and Co Creation. o More Effective efficient testing and training.
  12. DISADVANTAGES : o Higher Equipment Cost o Potential for bullying harassment and assaults. o Additional Privacy concerns and Security issues. o More reasons for addictive behaviour.