The metaverse is rapidly being portrayed as the next frontier in the tech, business, and finance world. The concept gained popularity in July 2021, after Facebook CEO Mark Zuckerberg rebranded the company to Meta to reflect its growing focus on the metaverse. Today, everyone, from major corporations like Microsoft and Disney to innovative startups, is scrambling to enter the lucrative market that is predicted to reach over $780 billion by 2024. But what exactly is the metaverse? How will it affect the way we live and work?