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What is the metaverse and how will the evolution of the Internet change our daily lives?

The metaverse is an evolution of the Internet―a more spatially immersive, compelling, and frictionless 3D web. The evolution will be more immersive via virtual reality (VR) and augmented reality (AR) glasses, but also will leverage traditional computing devices. It has three key aspects: presence, interoperability, and standardisation. We view metaverse advancements will come through on five critical vectors: (1) hardware; (2) infrastructure; (3) content; (4) community; and (5) currency/settlement mechanism.