> For the complete documentation index, see [llms.txt](https://web3-encyclopedia.gitbook.io/web3-encyclopedia/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://web3-encyclopedia.gitbook.io/web3-encyclopedia/metaverse/tl-dr.md).

# TL;DR 👀

<mark style="color:purple;">**What is the Metaverse**</mark>

<mark style="color:purple;">The metaverse is a virtual world in which people live, work, shop and interact with others –– all from the comfort of their couch in the physical world</mark>

<mark style="color:purple;">In the metaverse, users traverse a virtual world that mimics aspects of the physical world using such technologies such as virtual reality (VR), augmented reality (AR), AI, social media and digital currency</mark>&#x20;

<mark style="color:purple;">**Metaverse Economy**</mark>

<mark style="color:purple;">Non-fungible tokens (NFTs) figure to play a big role in the usefulness and popularity of the metaverse</mark>&#x20;

<mark style="color:purple;">The current increase in attention to the Metaverse is partly driven by the very recent ability to fully ‘own’ virtual objects, experiences, or land</mark>

<mark style="color:purple;">**Metaverse Companies**</mark>

<mark style="color:purple;">Some popular metaverse companies include Facebook, Epic Games, and Microsoft</mark>

<mark style="color:purple;">**GameFi**</mark>

<mark style="color:purple;">GameFi is a system where gamers and creators can accrue value in cryptocurrencies and non-fungible tokens (NFTs) for themselves through gameplay</mark>

<mark style="color:purple;">GameFi stakeholders include game studios, metaverses, gaming guilds, NFT renting platforms, gaming marketplaces and game launchpads</mark>

<img src="/files/AUZcMSlcv8WVu44BBAml" alt="" data-size="line">

<details>

<summary><mark style="color:yellow;">References</mark></summary>

[<mark style="color:purple;">https://www.techtarget.com/whatis/feature/The-metaverse-explained-Everything-you-need-to-know</mark>](https://www.techtarget.com/whatis/feature/The-metaverse-explained-Everything-you-need-to-know)

[<mark style="color:purple;">https://www.forbes.com/sites/deborahlovich/2022/05/11/what-is-the-metaverse-and-why-should-you-care/?sh=6490bb4c2704</mark>](https://www.forbes.com/sites/deborahlovich/2022/05/11/what-is-the-metaverse-and-why-should-you-care/?sh=6490bb4c2704)

[<mark style="color:purple;">https://cointelegraph.com/metaverse-for-beginners/a-beginners-guide-to-the-gamefi-ecosystem</mark>](https://cointelegraph.com/metaverse-for-beginners/a-beginners-guide-to-the-gamefi-ecosystem)

</details>


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