๐Ÿ’› It is a parallel/virtual world in which you can walk around, play, earn money with 3D headset or computer screen simply.
You can interact with people, objects (NFT) or buy land or buildings for example.

๐Ÿงก It is an artificial multi-media environment whose utility is entertainment.
Your avatar can do what you do in real life, e.g. go to the cinema, meet other people, visit an art gallery, play in the casino...

๐ŸคŽ How to make money in the metaverse?

  1. buy land and rent it out ;
  2. buy an advertising spot in the metaverse to attract your customers eg Macdonald's could attract customers who would be playing and say to themselves "oh hey, I would eat a Macdonald's and order it in real life right now ;
  3. buy virtual items and resell them ;
  4. Play video games and win prizes ;
  5. Anything you could do in real life that translates to the virtual world.

๐ŸŒ World famous metaverses: The Sandbox and Decentraland, among others.