The "metaverse" became one of the tech sector's hottest buzzwords over the past few years. The term was coined over three decades ago as a portmanteau of "meta" and "universe" in Neal Stephenson's sci-fi novel Snow Crash. It gained media attention as more advanced virtual reality (VR) and augmented reality (AR) devices hit the market.

Today, the metaverse represents a convergence of the physical and digital worlds via VR environments, digital AR overlays for real-world objects and environments, and new tools for remote interactions. The global metaverse market could still grow at a compound annual growth rate (CAGR) of 48% from 2023 to 2030, according to Markets and Markets, as more VR, AR, and mixed-reality devices hit the market.

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Source Fool.com