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The metaverse refers to a digital realm where people can connect with each other and digital content across various platforms and devices. It is not a singular product or service but an interconnected network of experiences spanning gaming, social media, entertainment, education, commerce and beyond.
While the concept of the metaverse has existed for decades, recent advancements in technology and changes in consumer behavior have propelled it into the limelight. The potential for engagement and innovation in this digital realm is incredible, as these statistics demonstrate: