How the metaverse will change industries in 2023 and beyond

The rebranding of Facebook to Meta in October 2021 resulted in a massive increase in metaverse projects, making metaverse the hottest buzzword. Metaverse is a combinatorial innovation because it relies on multiple technologies and trends to function. It is a hybrid of the digital and physical worlds, combining advanced technologies such as augmented reality (AR), virtual reality (VR), mixed reality (MR), artificial intelligence (AI), and blockchains. It will change the way we interact, sign contracts, and affect the internet and our lives. It essentially combines all real-world activities such as gaming, attending concerts, hosting parties, and even owning a piece of land in a virtual space. Recently, the metaverse has taken over the internet, opening up new avenues for profit and investment.

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