METAVERSE

A metaverse is a collective virtual shared space, created by the convergence of virtually enhanced physical and digital reality. For simplicity’s sake, think of a metaverse as the next iteration of the internet, which started as individual bulletin boards and independent online destinations. Eventually these destinations became sites on a virtual shared space — similar to how a metaverse will develop.

A metaverse is not device-independent, nor owned by a single vendor. It is an independent virtual economy, enabled by digital currencies and non-fungible tokens(NFTs).

As a combinatorial innovation, metaverses require multiple technologies and trends to function. Contributing trends include virtual reality (VR), augmented reality (AR), flexible work styles, head-mounted displays (HMDs), an AR cloud, the Internet of Things (IoT), 5G,artificial intelligence(AI) and spatial computing.

4 key innovations make metaverse a strategic technology trend:

• Innovation No. 1:Web3, which is a new stack of technologies for the development of decentralized web applications that enable users to control their own identity and data. Web3 and metaverse complement each in a community or ecosystem where value in some form is exchanged between people or organizations — or a combination.?
• Innovation No. 2: Spatial computing, which can be defined as a three-tiered technology stack through which users experience the intersection of the physical and digital worlds.?
• Innovation No. 3: Digital twin of a person (DToP) not only mirrors a unique individual, but is also a near-real-time synchronized multipresence, with the ability to be present in multiple places at the same time in both digital and physical spaces.?
• Innovation No. 4: Digital twin of a customer (DToC), a subset of DToP, is a dynamic virtual representation of a customer that simulates and learns to emulate and anticipate behavior. Customers can be individuals, personas, groups of people or machines.