Metaverse Metamorphosis

Abstract

The incorporation of the metaverse into the world of business has brought about a significant and fundamental change, altering conventional frameworks and methods while presenting unparalleled prospects for expansion and creativity. This chapter examines the significant influence of the transformation of the metaverse on the worldwide economy, emphasising its ability to generate fresh prospects for work, labour, and employment. In addition, an attempt has been made to explore the economic consequences of the metaverse, encompassing the emergence of fresh sectors, markets, and sources of income, as well as the promotion of economic expansion and employment generation. This chapter examines the impact of the metaverse on economic development, innovation, and quality of life globally, highlighting its revolutionary capabilities. Furthermore, the author explores the significance of closing the divide between research discoveries and industrial implementations, highlighting the necessity of cooperation and information sharing to convert academic discoveries into tangible advancements that have a tangible effect on the real world. This chapter examines the impact of the metaverse on economic development, innovation, and quality of life globally.