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The Metaverse is a spatial computing platform that provides digital experiences as an alternative to or a replica of the real world, along with its key civilizational aspects like social interactions, currency, trade, economy, and property ownership – founded on a bedrock of blockchain technology.

Why Is the Metaverse Important?

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In a letter announcing Facebook’s rebranding, company CEO Mark Zuckerberg explained that the metaverse would be an “embodied internet,” implying that users would no longer passively consume information.

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The architecture of metaverse platforms will be democratized, which means that no single individual, group, or organization will control its operations.

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Although the Metaverse is mostly built by startups and businesses, much of its source code is available as open-source through Metaverse projects on GitHub and even VR world creation platforms like Vircadia.

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We currently interact with online information in two dimensions. There are texts and images, a 2D screen, and a passive user with limited interactivity via input peripherals that have been in use for decades.

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The Metaverse is significant because of its industry and process-agnostic nature. Like the internet, it could be used for almost any purpose, from gaming to work, socialization to research.

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The Metaverse has the potential to make the internet more accessible to everyone, with particular implications for people with disabilities.

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The Metaverse has the potential to accelerate scientific research by several years, particularly in healthcare, aerospace, manufacturing, and a variety of other fields.

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The Metaverse, like social media today, could eventually become a digital destination where we all “hang out.” It will shape friendships, relationships, and interpersonal dynamics, and it may allow people from all over the world to meet in person without having to travel.