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Digital Asset Series 2022: Metaverse

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Digital Asset Series 2022: Metaverse

Source: news.google.com

The metaverse concept is not new, as the term was first coined in the 1992 novel Snow Crash. Also, while pilots have used a form of virtual reality (VR) as part of their training for decades, many ’90s gamers would be familiar with games like Second Life and Sims that involved the metaverse.

With advances in virtual reality technology, such as the further development of the Oculus Rift and Meta’s Meta Quest, the possibility of a functional metaverse has become increasingly real. We’ve seen the introduction of mixed reality features, initially through recently released games like Pokemon Go, but more practically through Ikea’s use of this technology for furniture placement.

In 2021, Forrester Research found that only 17% of UK respondents would like to spend…

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