For the very first time, people can vote for their favourite word, with 'Metaverse' shortlisted for the Oxford Word of The Year 2022.
The voting closes on December 2, and the result will be announced on December 5.
Also Read | Layoffs Are Rising In Tech, But These Skills Are Helping People Unlock Better Pay
According to the Oxford University Press, Metaverse is a "virtual reality environment in which users can interact with one another's avatar in an immersive way."
-
Indian Markets Turning Corner After Two Tough Years, Says Sandeep Tandon -
NDTV Profit Ignite 2026: Experts See Opportunity In Equities, Stay Bullish For Long-Term -
Buy Right, Sit Tight Does Not Work for Individual Stocks, Says Dinshaw Irani -
'Worst Is Behind': Quant MF Sees Market Bottom, Flags 'Extreme Euphoria' In Midcaps -
India's Mutual Fund Industry Could Become A $1 Trillion Opportunity, Say Fund Managers -
'Foreign Investors Are Baraatis': Raamdeo Agrawal's Take On LTCG Tax -
Stay Invested Through Market Cycles: Raamdeo Agrawal at NDTV Profit Ignite -
Ramesh Damani Remains Bullish On India For Next 20-30 Years, Sees Bargains Amid Market Weakness -
CAS Came After A Long Consultation Process: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFIT IGNITE -
Aim To Cut FPI Onboarding Time From Mth To Five Days: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFI
The global publishing giant has also noted a four-fold rise in its usage in October 2022 compared to last year's period.
Originally coined by American writer Neal Stephenson in his 1992 science fiction novel 'Snow Crash', the metaverse has captured people's imagination as a technological marvel that can be utilised in diverse sectors of the economy.
Metaverse, for the unversed, can be used across different sectors, including gaming, tourism, education, real estate etc.
The global metaverse industry is expected to reach $730.5 Billion by 2028, at a Compounded Annual Growth Rate of approximately 23.2 per cent between 2022 and 2028.
India, too has joined the metaverse bandwagon in a big way. India has already had its first metaverse influencer 'Kyra', the first metaverse wedding, and the world's first food metaverse 'OneRare'.
According to a new Deloitte report, awareness about metaverse in India is at 80 per cent - higher than the world average.
The report adds that the metaverse can potentially add $78-$148 billion annually to India's economy by 2035.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
