Meta + Verse
Metaverse is composed of two words: Meta + Verse.
To better understand the complex topic of the metaverse, it is worth looking at the etymological origin of the ancient Greek word “meta”. Its original meaning is “beyond,” transcending, “after,” or “behind”.
Metaphysics, Metacognition are some words that use the prefix “Meta”. Metacognition, for example, means to have an awareness and understanding of one’s own thought processes. The “transcending” sense of meta has a powerful and even poetic sense in our society and our human tribal operating systems. The metaverse is then a digital counterpart to the physical world in which we live.
The more powerful example of the Metaverse was the online social space Second Life. Created in 2003, Second Life is a multimedia platform that allows people to create an avatar for themselves and have a second life in an online virtual world.
With 18-year-old history as a virtual world Second Life had everybody talking about it being probably the first scaled metaverse long before we entered this modern second iteration of Metaverse epoch. Linden Lab, the publisher and creator of Second Life (the virtual world that debuted way back in 2003) is still going strong with over 10 million active users as stated by Ebbe Altberg, the current CEO of Linden Lab in an interview with VICE News.
The platform was and is a global powerhouse that principally features virtual 3D-based user-generated content. Second Life also has its own virtual currency, the Linden Dollar, which is exchangeable with real world currency. Since 1999, when Philip Rosedale formed the Linden Lab for developing computer hardware to allow people to become immersed in a virtual world. That vision changed into the software application Linden World, in which people participated in task-based games and socialising in a three-dimensional online environment. Philip Rosedale was familiar with the Metaverse of Neal Stephenson’s novel Snow Crash, Rosedale has said that his vision of virtual worlds predates that book
The modern concept of Metaverse that now is trending as the next big thing first surfaced thirty years ago with author Neal Stephenson’s iconoclastic science fiction novel Snow Crash, in which humans gather and interact in a massive multiplayer virtual world.
The Metaverse concept can then be simply defined as a digital twin of our world in which we live, operate, communicate, learn, research, play, entertain, buy and sell things.
In a world fast moving within the context of the 4Th Industrial Revolution or Society 5.0 we have a Major Tech Context — Global Innovation — leading technologies that include ID — Privacy and Ownership shift with AI — Augmented Intelligence touching all of our human social economic interactions. This while Fintech, cybersecurity with the emergence and growth of Blockchain and the 360 concept of Metaverse powered with NFTs becoming our foundation certification technological systems.
My below infographic tries to reflect this: