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"Cathy Hackl: I think it's important to state that there is really no agreed-upon definition right now. Every morning-it's become a bit of a ritual-I go to the Merriam-Webster dictionary and type in the word metaverse. And every day it says this word is not in the dictionary. But if we needed to define it, I tend to have a pretty expansive view of what the metaverse is. I believe it's a convergence of our physical and digital lives. It's our digital lifestyles, which we've been living on phones or computers, slowly catching up to our physical lives in some way, so that full convergence. It is enabled by many different technologies, like AR [augmented reality] and VR [virtual reality], which are the ones that most people tend to think about. But they're not the only entry points. There's also blockchain, which is a big component, there's 5G, there's edge computing, and many, many other technologies. To me, the metaverse is also about our identity and digital ownership. It's about a new extension of human creativity in some ways. But it's not going to be like one day we're going to wake up and exclaim, "The metaverse is here!" It's going to be an evolution."

"The metaverse is "a virtual environment where you can be present with people in digital spaces," he said. It's "an embodied Internet that you're inside of rather than just looking at. We believe that this is going to be the successor to the mobile Internet.""

"In a recent interview with The Verge, an enthusiastic Zuckerberg described the metaverse as "the successor to the mobile internet," and a kind of "embodied internet, where instead of just viewing content - you are in it.""

"The Snapchat founder, Evan Spiegel, has dismissed Facebook's "metaverse" ambitions as "ambiguous and hypothetical" as he announced a raft of new augmented reality features coming to phones and Snap's experimental AR Spectacles over the next year."

"Second Life's endurance demonstrates that, whatever the configuration, a metaverse's success can only be founded on human qualities of social interaction and self-expression. "I obviously don't feel as excited now as when I started roaming around Second Life," Aufwie says. "But I still feel gratitude towards this apparently everlasting pioneering metaverse that allowed me to express myself, make friends, learn and share thoughts and all the good things humanity has within it.""

"To conclude: this is all a long-winded way of saying the metaverse is the internet. But spatial. And built with game engines. And probably NFTs. And who knows where that takes us…"

"The problem, he believes, is that total decentralization inevitably increases wealth inequality. He pointed me to a simulation he designed last year in which bouncing balls demonstrate the theory that "the rich actually always get richer, no matter what." "