This white paper defines the metaverse as the convergence of physical and digital worlds, driven by XR, blockchain, AI, IoT, and 5G. It presents the metaverse as a new layer of the internet enabling persistent, immersive, and interoperable experiences. Opportunities include virtual commerce, digital twins, education, healthcare, and entertainment, where users own and trade digital assets. Key success factors are interoperability, identity management, data privacy, and governance frameworks to ensure trust and accessibility. While challenges include regulation, standards, and equitable access, the metaverse is positioned as a transformative force reshaping economies, societies, and human interaction.

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