Picture a virtual universe where billions of people hang out, work, shop, learn, and chat—all while chilling on their couches in the real world.

In this universe, the screens we use today to surf the internet become gateways to a 3D virtual world that feels real—just way cooler. We create digital versions of ourselves called avatars, who roam freely through different experiences, carrying our identities and money with them.

This place is called the metaverse, and even though there’s a lot of buzz about it, it’s not actually real yet.

So, what should leaders in businesses think about this rapidly evolving and hyped-up idea that could change how we live? TechBoomm detailed guide to the metaverse breaks down where this new technology stands now and where it’s headed. It covers the technologies and platforms that make the metaverse possible, its pros and cons, how to invest in it, its history, why it matters, and how it might affect the future of work.

Throughout the guide, you’ll find links to dive deeper into these topics and explore other important concepts in the metaverse, like interoperability, digital twins, spatial computing, and Web 3.0.

Besides virtual reality, numerous other technologies contribute to shaping the metaverse. However, a clear and definitive list of these technologies has not yet emerged.