This ostensibly simple question has sparked fierce debate, the terms of which neatly illustrate the chasm between technology evangelists and cynics. It’s also the question that underlies this report, for the Metaverse must be defined, contained, and contextualized before its merits and flaws can be properly understood. Though this snapshot offers a perspective on the development of the Metaverse, it does not claim to be the end of the story.
Because the Metaverse is an evolving technical and cultural concept, it is guaranteed to change. In outlining the core components of the Metaverse and highlighting the conceptual underpinnings, this report aims to demonstrate how both advocates and skeptics conceive of a more immersive
digital future, how the Metaverse may differ from the contemporary internet, and how aspiring entrepreneurs and venture capitalists hope to capitalize on its emergence.