The metaverse is a broad term that refers to a multitude of technologies, some of which include augmented reality (AR) and virtual reality (VR). The idea is that we can do regular activities like shopping, meeting people and more in a digital space that doesn’t physically exist.

Although the idea of ​​the metaverse has recently picked up, it is not as new as it seems. It actually dates back to 1968, when Ivan Sutherland built the first virtual reality machine at Harvard, and its adoption in industries like gaming and shopping is already widespread.

What’s new is the rise of industries like insurance, finance, retail, and more entering the metaverse. Gartner predicts that by 2026, 30% of organizations will have metaverse-ready products and services. Also, a Bloomberg report…