What is metaverse in simple terms?

The metaverse is a virtual, interconnected space that combines the physical and digital worlds, allowing people to work, play, and socialize in a 3D environment. It’s built on artificial intelligence (AI), Web3, and advanced internet and semiconductor technologies, including virtual reality (VR), augmented reality (AR), and smart glasses. The metaverse is envisioned as a shared space where people can move freely between experiences using digital avatars, or facsimiles of themselves.