Introduction
Metaverse is a virtual reality world in which people are
supposed to socialize, play, and work and is composed of online,
shared and persistent digital spaces. It is considered as the
successor of mobile internet. With the technological developments,
our virtual lives and our real lives are getting mixed and
intertwined. Metaverse will be the peak of such mixing where people
will mostly be involved in living virtual lives. The major
contributors to the Metaverse are advancements in virtual reality,
augmented reality, distributed ledger system and blockchain. The
industries which are most likely to have influence on the
introduction of Metaverse are finance, entertainment, education and
gaming. Cryptocurrencies are also likely to be heavily used in
transactions across the Metaverse platforms. Considering this
transformation, there will be new issues and risks for the users,
owners and all the players involved in the process. One such issue
is that of
