METAVERSE the internet as we know it . In fact , they are backing the initiative with tens of billions of dollars .
What is the metaverse in most basic terms ? Essentially , the metaverse is a Virtual- Reality ( VR ) space in where users can interact with a computer-generated environment and with other users ( or their avatars ). It is a highly immersive virtual world where people meet to work , socialise , play , shop and educate themselves .
“ At its core the metaverse , also known to many as web3 , is an evolution of our current Internet .”
SpatialWeb is one of the leaders in the metaverse developed by South African tech company Y-Dangle ( owned by Eric Nienaber and Josh Fox ). SpatialWeb is owned by US-based company Vatom Inc , but developed here in South Africa and is leading the metaverse space development charge . Nienaber says , “ the metaverse is evolving fast at rate of knots on a daily basis as new functionalities are continually added to enhance and improve the space .”
Essentially , people working from anywhere can gather virtually on demand in an immersive environment - as if in person . REI have already hosted 4 large conferences with over 500 people on SpatialWeb and now use the platform for business meetings instead
SA Real Estate Investor Magazine DEC / JAN 2022 11