The term “metaverse” was first used by Neal Stephenson in his 1992 cyberpunk novel Snow Crash. It describes a virtual world that can be explored using avatars, offering players a completely immersive experience. Today, we see similar worlds in massively multiplayer online role-playing games (MMORPGs) like Roblox, Minecraft, Fortnite, Second Life, and others, but these games still don’t come close to the immersive experience described in Snow Crash.

The modern concept of the metaverse consists of multiple independent and connected virtual spaces. As such, it is impossible for a single company to build the entire metaverse on their own. An optimistic estimate would be that the entire metaverse is five to ten years away from full implementation. However, in the next three to…