Metaverse is a virtual world vision that blends the real and digital worlds.
Silicon Valley entrepreneurs have been investing millions of dollars in its development lately.
Facebook's Mark Zuckerberg announced the creation of a new team to work on the company's metaverse project.
The idea of Metaverse involves mixing the physical and digital worlds and it is expected to revolutionize the internet and gaming industry.
It involves various augmented reality and virtual reality headsets that allow people to interact and experience game-like digital worlds.
Facebook predicted changing from being a primarily social media company to becoming a metaverse company by creating virtual settings that feel real.
Games like Second Life and Decentraland have already blurred the lines between virtual entertainment and the real-world economy.
The concept is also suggested for digital settings such as a nightclub or mountaintop.
Cathy Hackl, a tech consultant who advises companies on the metaverse, suggested the concept could provide real meaning to virtual experiences for the next generation.
Facebook has invested heavily in various technologies that simulate the feeling of being physically present somewhere else, but Mark Zuckerberg admitted that development of the concept is still needed.