Over the past two years, metaverse technologies have matured thanks to investments from companies like Meta Platforms, Microsoft, Epic Games, and many others.

According to research from Emergen Research last year, the Metaverse was valued at $47.69 billion in 2020 and is set to hit $829 billion by 2028. The US social media giant’s days are yet to come.

It is important to understand what is the metaverse, how it works and its key components. According to renowned author and entrepreneur Jon Radoff, who has written extensively on Web3 and related topics, the metaverse consists of seven fundamental layers that reflect various stages of the metaverse economy and collectively…