Volume 30, Issue-3, April 2022
Abstract
Researchers around the globe are excited about the idea of the Metaverse as the same is going to impact the way we are living in this world. Metaverse is the latest platform everyone is experimenting with. Experts are describing it as the digital world that exists parallel to the real world. This new technology is going to change the way we perceive reality or alternatively virtuality in the real world. Metaverse is currently a favorite buzzword and despite the data deluge, the concept called ‘Metaverse’ is evolving through emerging Internet technologies. Noted American author Neal Stephenson coined the word ‘Metaverse’ for the first time in his scifi novel ‘Snow Crash’ in 1992. He defines the Metaverse as ‘an all-encompassing digital world that exists parallel to the real world’. In real terms, Metaverse is a hyperrealistic shared virtual space where one can have interactive and personalized avatars and digital assets and can do transactions with Non-Fungible Tokens (NFTs) and Blockchain technology. Cyberspace is evolving over the years as the power of computing and digitization has progressed at a good speed. The computer wizards have created computermediated virtual environments including social media networks, virtual 3D worlds, augmented reality applications, and Non-fungible token games. Such virtual worlds are un-connected with each other but have created some level of digital transformation (Lee, et al, 2021). The creation of the Metaverse has the potential to further facilitate digital transformation in every aspect of our realworld lives. The vision of immersive Internet as a mega, unified, persistent, and shared realm has led to the creation of the Metaverse. Emerging technologies that can make Metaverse a reality include extended reality, 5G, and artificial intelligence applications.
Reference
Lee, Lik Hang, Tristan Braud, Pengyuen Zhou, Ling Wang, Dianlei Xu, Zijun Lin,
Abhishek Kumar, Carlos Bermejo, Pen Hui (2021); All one needs to know about
Metaverse, A Complete Survey on Technological Singularity, Virtual Ecosystem, and
Research Agenda, Computer Science, Vol 14, No-8.
Panda, Tapan K, Knowledge Management, Global Perspective, Excel Books, 2021.
