David McWilliams: The rich will own the metaverse. Our children will live in it

‘What worries moralists about the future are the very things that are exciting investors’

Facebook’s Mark Zuckerberg  refers to the next iteration of the internet as ‘the metaverse’. File photograph: Bloomberg

Facebook’s Mark Zuckerberg refers to the next iteration of the internet as ‘the metaverse’. File photograph: Bloomberg

What binds Microsoft’s takeover of Activision, the distant memory of Sunday closing, and the craze of premiership clubs selling their fans digital memorabilia? The answer is the next iteration of the internet, or what Facebook’s Mark Zuckerberg calls “the metaverse”.

The “metaverse” is a place of the future, where people’s digital lives, the games they play and their online personalities seep into their real lives to create a new version of this person. This person exists both in the real world and the virtual world – always on, always available, living a different, maybe better life online, where the boundaries between what is real and what is virtual no longer exist – or at least have blurred so much as to make them indistinguishable.

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