As the web provides new ways for us to connect and interact with others, new virtual worlds called Metaverses combine virtual reality and augmented reality devices, and they are multiplying. Some iterations integrate virtual and physical spaces, and web3 technologies can layer on top to enable virtual and fully decentralized economies to thrive.

The Metaverse quickly expands our current understanding of physical limits to spending time in a virtual space and extending real life. This extended reality blurs the lines between the physical and digital worlds. Companies anticipate that the Metaverse will become a place where people and businesses meet, work, play and transact in goods and services—some tangible, some not.

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