The metaverse is an immersive, interactive digital space with a community aspect at its core. It may or may not require VR or AR, and can include user-generated content and ownership. The metaverse is emerging as a concept that is surfacing in the TMT industry and companies that operate in this space may have different takes on how to think about it. The metaverse is driven by technology that is advancing rapidly and becoming more interconnected, and people are spending more time engaged with digital systems and socializing through digital spaces. The rise of the metaverse is seen as a potential game-changer for the TMT industry and companies that operate in this space will need to adapt to this new reality.
