The metaverse is one of the hottest trends in the business world these days.
However, most people find the idea a little confusing, starting with the question - What is the metaverse?
In simple words, the metaverse is an extension of the real world into the internet.
It's a virtual 3D world on the internet where people do things they would normally do in the real world as well as some things that are not possible in the real world.
So the metaverse is an extension of the internet itself. It's an extension that allows people to enter the digital realm.
You can easily visualise it as a 3D virtual world that you can enter. In the metaverse, people can interact with the virtual world as well as other people who have entered at that time.
The list of things to do in the metaverse keeps growing all the time. The activities currently available on the metaverse are shopping, official meetings, gaming, social activities, entertainment, virtual travel, and tourism, etc.
Investing, for example buying virtual real estate, is also gaining in popularity.
The sky is the limit for this futuristic technology. Software developers all around the world are already pushing the boundaries of what is possible in the metaverse.
What about the Indian firms working on the metaverse?
The metaverse is an offshoot of the digitisation megatrend in India. You can check out the stocks to ride this megatrend using Equitymaster's stock screener - Best Digitisation Stocks.
Also do watch this video - Top Indian Firms in the Metaverse.
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