What is the metaverse?

December 5, 2022

The metaverse is a term that is used to refer to a hypothetical virtual world that is created by the convergence of the internet and virtual reality (VR). The metaverse is often described as a shared, persistent online space where users can interact and engage with each other and with digital content and experiences in real-time.

The concept of the metaverse has been around for decades, but it has gained more attention in recent years with the growth of VR and augmented reality (AR) technology. Many people believe that the metaverse will be a major part of the future of the internet, and that it will become a central hub for online social interaction, entertainment, and commerce.

In the metaverse, users would be able to create and customise their own digital avatars, which would represent them in the virtual world. These avatars would be able to interact with each other and with digital objects and environments in real-time, allowing users to engage in a wide range of activities, including gaming, socialising, shopping, and more.

Overall, the metaverse is a hypothetical virtual world that is created by the convergence of the internet and VR. The concept of the metaverse has gained more attention in recent years, and many people believe that it will become a major part of the future of the internet.

“If I’d asked people what they wanted, they would have said faster horses.” – Henry Ford

This website is owned and operated by Investor Unity Pty Ltd (ABN: 90 160 624 331). Any advice included in this website or correspondence is general advice only and is based solely on consideration of the investment or trading merits of the financial products alone, without taking into account the investment objectives, financial situation or particular needs (i.e. financial circumstances) of any particular person. In addition to its internal services, Investor Unity is compensated by brokers and other third parties by way of referral/affiliate and/or general partnership arrangements, via its websites and other communications. Investor Unity is genuinely interested in your long-term trading & investment success. We advise you to take all necessary steps to ensure you have a good understanding of the products & services you’re considering investing in – particularly if they involve leverage. While Investor Unity takes every care to ensure that we only deal with the highest quality services, from throughout the industry, past performance is not a guarantee of future performance. Before making an investment or trading decision based on the general advice, the recipient should carefully consider the appropriateness of the advice in light their financial circumstances and should carefully review the PDS of the relevant financial product as provided by your investment broker. Past results are not a guarantee of future performance. Please contact us, to discuss any questions or concerns you may have- we are here to help.