What is metaverse and how it works?

In November, Metaverse Group, a virtual real estate firm located in the real-life city of Toronto, splashed out $2.5 million on 116 blocks of virtual land in Decentraland’s fashion district.

The term metaverse can be traced back to Neal Stephenson and his dystopian cyberpunk novel Snow Crash . The novel was released in 1992, and it’s considered a canon of the genre, along with William Gibson’s Neuromancer, which describes a virtual reality dataspace called the matrix.

What is Metaverse and how does it work? Metaverse is a term that is formed by combining the two different words including Meta and Universe. It is basically a digital space in which digital objects and things represent the digital people .