The Metaverse, often characterized as the next level in the
evolution of the Internet, is intended to be a virtual-reality,
three-dimensional environment where users are able to interact
meaningfully with not only other users but with the virtual
environment itself. Mark Zuckerberg, the founder of Facebook
(re-branded as Meta) has characterized the Metaverse as "an
embodied internet where you're in the experience, not just
looking at it." Users will by way of avatars and other
mechanisms be able to interact in a parallel universe to access
three-dimensional environments for gaming and other activities,
decentralized commerce, social media, authenticated digital assets
such as non-fungible tokens (NFTs) and cryptocurrency, and others.
So, participants can engage in any number of virtual reality
activities and transactions with others at any conceivable virtual
location, whether based in reality or in fantasy.
