Understanding metaverse and its impact: Building sustainable business models for metaverse

Abstract

This report aims to understand the concept of the Metaverse, its effect on our lives, and its impact on businesses. We will provide an overview of the current scenario of the Metaverse. We will try to delve into the exciting opportunities it presents for both users and firms and the ways existing businesses and new upcoming businesses can utilize this new technology to their advantage and create sustainable business models in the Metaverse.