Characteristics of the metaverse
- The metaverse encompasses immersive environments, often using virtual- or augmented-reality technology.
- It is always on and exists in real-time.
- It spans the virtual and physical worlds, as well as multiple platforms.
- A fully functioning virtual economy powers the metaverse. It is often built on cryptocurrency and digital goods and assets, including nonfungible tokens (NFTs).
- It allows people to have virtual identities, presence, and “agency”, including peer-to-peer interactions, transactions, user-generated content, and world-building.
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