Hot buzzword today, mainstream way of life tomorrow – SHINE

While many of us are scratching our heads over what “metaverse” means, some Shanghai technology firms are busy researching how to make this blockbuster digital trend even better and more profitable.

The “meta” world is the hot new buzzword in Shanghai. It might be defined as a simulated three-dimensional digital environment that blends augmented reality, virtual reality and blockchain technology with social media concepts to create a “space” that mimics the real world and is rich in user interaction.

The term “metaverse” was first coined by Neal Stephenson in his 1992 science fiction novel Snow Crash, where humans, as programmable avatars, interact with each other and software agents, in a metaphor of the real world.

This emerging virtual realm is teeming with commercial potential, and Shanghai is at the forefront of its development in China to cash in on the trend. In fact, the city was the first in China to include metaverse in its long-term development plans, with accompanying…

Read Full Story: https://www.shine.cn/news/in-focus/2208098984/

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source: https://news.oneseocompany.com/2022/08/09/hot-buzzword-today-mainstream-way-of-life-tomorrow-shine_2022080926623.html

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