Understanding The Metaverse: All Digital Worlds, Not Just Virtual Reality

The metaverse is a novel concept that seems to often be misunderstood by the investment community. Although most notably discussed in the context of virtual reality and its associated hardware, the metaverse is actually a much broader concept than what it may seem to be. The metaverse today refers to the totality of digital worlds in which people both participate and create. The first credible metaverse products were MMORPGs (Massive Multiplayer Online Role-Playing Games) such as World of Warcraft. These were'first-generation' metaverse products owing to the fact that users were strictly limited to participation. Nonetheless, real world economics – and real world value – were created as a direct result of this extremely successful game.