Concept of Metaverse

Rajan Gupta () and Saibal K. Pal
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Rajan Gupta: Autonomous University of Tamaulipas
Saibal K. Pal: DRDO

Chapter Chapter 1 in Introduction to Metaverse, 2023, pp 1-21 from Springer

Abstract: Abstract Metaverse, a hypothetical internet iteration, is a concept that is new to the world. This chapter begins with defining the concept in detail followed by the requisite elements of the Metaverse. Considering the constant evolution in this area, it is important to understand the current state of development and innovation through the three main phases, viz., the emerging phase, the advanced Metaverse, and the mature Metaverse. Further, the Metaverse has become a game changer, especially after Covid-19 and has become a huge support to the economies. Its economic implications are crucial and need emphasis with a detailed assessment.

Keywords: Metaverse; Online shopping; Digital humans; NFTs; Natural Language Processing; Gaming; Social media; Metaverse Continuum (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-99-7397-2_1

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DOI: 10.1007/978-981-99-7397-2_1

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