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The Metaverse is a virtual-reality space in which users can interact with a computer-generated environment and other users. The term “Metaverse” can be defined as a digital or virtual universe. It will offer new avenues for communication and interaction among users in a virtual environment. Large tech companies are keen to convert the idea into reality. The social networking giant Facebook is investing enormous amounts in the Metaverse as it is the future of the internet. People can mimic real-world scenarios using VR (Virtual Reality) and AR (Augmented Reality) Digital currencies and social media will also play an integral role in this transformation.