Vitalik Buterin, the creator of Ethereum, stated that Metaverse is not what we imagine it to be. The metaverse is widely understood as a virtual decentralized world with immersive social environments and experiences that utilize avatars, virtual reality (VR), and augmented reality (AR) technologies, with blockchain technology as the link that connects everything together.
The definition of the metaverse is not clear and is often seen more as a brand name than a product. It is envisioned as a virtual world that everyone can participate in and that belongs to no one, often associated with virtual reality, which has simpler demands, like wanting a laptop without a laptop. Although virtual universes are often associated with virtual reality, it is not all that virtual reality encompasses.
