The Metaverse is an innovative convergence where the boundaries between the physical world and augmented/virtual realities blend seamlessly. In this ethereal domain, the digital realm transcends the confines of computer screens, carrying profound implications, even in religious contexts.

Indeed, within the Metaverse, there’s a prevailing belief that there is no external reality. People don’t just observe the internet; they become fully immersed in it. The aspiration here is to create a comprehensive, all-encompassing illusion where reality and the digital realm merge.

The concept of the “metaverse” in science fiction serves as a hypothetical iteration of the internet, an immersive virtual world facilitated by virtual reality (VR) and augmented reality (AR) technology. In real-world terms, it’s a network of 3D virtual worlds with a focus on social and economic connection.

The term “metaverse” originated in the 1992 science fiction novel “Snow Crash” as a fusion of “meta” and “universe.” It symbolizes a digital realm that transcends conventional reality.

Virtual reality technology is integral to Metaverse development, as it enhances immersion. The increasing demand for immersive experiences has fueled advancements in virtual reality technology and its application in creating the Metaverse.

How does Web3 relate to the development of the Metaverse, and what are its implications?