Metaverse technologies, challenges, and future directions

Soulla Louca and Marinos Themistocleous

Chapter 27 in Elgar Encyclopedia of Cryptocurrencies, Blockchain and DLT, 2026, pp 134-139 from Edward Elgar Publishing

Abstract: The Metaverse offers an expansive virtual environment powered by various technologies, including virtual and augmented reality (VR/AR), blockchain, artificial intelligence (AI), and Internet of Things (IoT). It has applications across multiple sectors, such as gaming, education, tourism, commerce, art, socialization, and business. This chapter provides an overview of the Metaverse's layers, highlights the key technologies essential for building these virtual spaces, and examines their functions. Recognizing the complexity of fully realizing the Metaverse and the current research gaps, the chapter also discusses challenges, potential research directions, and economic implications.

Keywords: Metaverse; Technology enablers; Economic implications (search for similar items in EconPapers)
Date: 2026
ISBN: 9781035339952
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