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A term first used in a 1992-dated science fiction novel Snow Crash, Metaverse is now considered the Future.
Metaverse has gained popularity after global online social media and social networking service Facebook announced its new parent company as META. While the concept seems a gate to the digital universe, the Metaverse offers much more than expected.
The technology behind the Metaverse will be supported by 5G networks and cloud computing. The idea will bring a virtual approach to education, real estate, and business applications.
The emerging industry, worth USD 46 billion in 2020, is projected to create more than 10.000 jobs just in the EU. The global Metaverse market is expected to reach over USD 280 billion by 2025.
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