New York Law Firm

Metaverse technologies are inescapable in today’s markets. J.P Morgan recently described the metaverse as “a seamless convergence of our physical and digital lives, creating a unified, virtual community where we can work, play, relax, transact and socialize.” Meta, formerly known as Facebook, is one very reason metaverses have been in the spotlight. Meta is just one company that has embraced virtual reality as a future technology by offering users access to the metaverse, particularly their metaverse, Horizon World. Despite the term’s growing popularity in the media, many people are unaware about what a “metaverse” actually is. According to Oxford Languages, Google’s English Dictionary, a metaverse is a virtual-reality space in which users can interact with a computer-generated environment and other users. Mark Zuckerberg described Metaverse as the next iteration of the mobile web. The metaverse and blockchain technology are the fuel behind the term Web3, which many believe to be the evolution of today’s internet. 

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