The next generation of the internet is coming with the convergence of technologies forging the metaverse: an immersive, interoperable and synchronous digital world that is predicted to become an $800 billion market by 2024. The metaverse will rely upon the widespread adoption of extended reality — the combination of augmented, virtual and mixed reality — and the viability of digital assets, wallets and identities to conduct business and allow for social spaces.
Though a standard definition for the metaverse is still under development, experts agree that this new age of the internet will likely disrupt and transform current social and economic structures. From more immersive, empathetic social experiences to more universal access to health services and education, the metaverse presents a momentous opportunity, but also brings about new challenges.
