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Market Cap: $2.9172T 3.08%
Volume(24h): $232.8671B 3.08%
  • Market Cap: $2.9172T -1.570%
  • Volume(24h): $232.8671B -25.210%
  • Fear & Greed Index:
  • Market Cap: $2.9172T -1.570%

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When did the Metaverse become popular?

The metaverse, a virtual world where avatars interact, has evolved from early concepts to immersive experiences, driven by advancements like VR, AR, social media, corporate investment, and the pandemic.

Oct 04, 2024 at 12:12 pm

The Rise of the Metaverse

  1. Origins and Concept:
    The term "metaverse" was first coined by science fiction writer Neal Stephenson in his novel "Snow Crash" (1992). It refers to a virtual world where people could interact with each other as avatars, explore digital environments, and participate in online activities.
  2. Early Developments:
    In the late 1990s and early 2000s, the concept of the metaverse began to take shape with games like Second Life (2003) and World of Warcraft (2004). These virtual worlds allowed players to create avatars, interact with others, and explore vast digital landscapes.
  3. Immersive Technology Advancements:
    The advent of virtual reality (VR) and augmented reality (AR) technologies around 2010 marked a significant turning point in the development of the metaverse. These immersive technologies enabled users to experience virtual worlds with greater depth and realism.
  4. Social Media Expansion:
    In the mid-2010s, social media platforms like Facebook and Roblox began incorporating metaverse-like features. This allowed users to create virtual avatars, explore digital spaces, and interact with others in real-time.
  5. Corporate Interest:
    By the late 2010s, major technology companies like Microsoft and Meta (formerly Facebook) began to invest heavily in the development of metaverse platforms. This surge in corporate interest brought the concept to a wider audience.
  6. COVID-19 Pandemic as a Catalyst:
    The COVID-19 pandemic in 2020-2021 accelerated the adoption of metaverse technologies. As physical interactions were limited, people turned to virtual worlds as a way to socialize and engage with others.
  7. Current State and Future:
    Today, the metaverse is still rapidly evolving, with various platforms and experiences being developed. While a fully realized metaverse that seamlessly integrates all virtual worlds into one cohesive environment is yet to emerge, advancements in technology and increased adoption suggest a promising future for this immersive digital realm.

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