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Book chapter · Routledge eBooks · September 2, 2024

Beyond Virtual Borders

Fadia Rafia Rafa, Aijaz Ahmed Shaikh, Мутанов Галимкаир Мутанович

Dr. Aijaz A. Shaikh
Read on dx.doi.orgDOI 10.4324/9781003401452-11

Abstract

The metaverse, a blend of virtual reality, augmented reality, and artificial intelligence (AI), represents a major development and evolution in the digital world, extending far beyond gaming, its most prevalent application. This book chapter delves into the metaverse’s conceptual foundation, highlighting its distinct characteristics: shared, persistent, and decentralized environments that redefine traditional virtual spaces. Through a mini-literature review, it synthesizes historical and contemporary research on the metaverse’s development, definitions, and expansive applications across various sectors, including education, healthcare, and finance. The investigation reveals the metaverse’s transformative potential to revolutionize digital experiences, making them more immersive, interactive, and efficient. With the market size projections estimated to reach USD 8 to 13 trillion by 2030, the metaverse emerges as a significant digital paradigm. This chapter encapsulates the essence of the metaverse, emphasizing its role in advancing digital connectivity and innovation across different domains, underpinned by the crucial technologies of AI and blockchain for a secure and intelligent digital ecosystem.

Virtual Reality Applications and ImpactsAugmented Reality ApplicationsBlockchain Technology Applications and Securitymetaversevirtual realityaugmented reality

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