The word "Metaverse" is made up of "meta" and "verse"; the term is typically used to describe the concept of a future iteration of the internet, made up of persistent, shared, 3D virtual spaces linked into a perceived virtual universe. Source:
wikipediaDeveloping technical standards:
- Virtual Worlds
- Information technology
- Virtual World Region Agent Protocol (VWRAP)
- The Open Source Metaverse Project
The metaverse isn’t fully in existence, but some platforms contain metaverse-like elements. Video games currently provide the closest metaverse experience on offer.
Blockchain, metaverse-like applications already exist and provide people with liveable incomes. Axie Infinity is one play-to-earn game that many users play to support their income. SecondLive and Decentraland are other examples of successfully mixing the blockchain world and virtual reality apps.
SecondLive:
3D virtual environment where users control avatars for socializing, learning, and business
Axie Infinity:
a play-to-earn game that’s provided players in developing countries an opportunity to earn consistent income.
Decentraland: an online, digital world that combines social elements with cryptocurrencies, NFTs, and virtual real estate
source:
https://academy.binance.com/en/articles/what-is-the-metaverse