Sports Betting, Competitive Entertainment, and “The Metaverse” – Sports Illustrated

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What happens when the world of sports betting, entertainment and virtual reality become one completely immersive experience?Intro to the Metaverse The Metaverse is a hypothesized digital shared space in which everyone on Earth can seamlessly interact and engage in a fully immersive, simulated experience. Often conceived as a successor to Virtual Reality (VR), the term “Metaverse” was initially coined in Neal Stephenson’s 1992 science fiction novel, Snow Crash, in which humans interact with each other (as well as software agents) via avatars rendered in three-dimensional virtual space. Other works, such as Ready Player One and The Matrix, have attracted further awareness of the general concept of a simulated environment built on top of the physical world. Metaverse Characteristics There are a number of essential characteristics that a true Metaverse is expected to possess: ● Persistent – The Metaverse will always be running and never reset. This will require infrastructure that far exceeds current industry standards.● Synchronous – Everyone will experience the Metaverse simultaneously in real time. Of course, scheduled events will occur, but they will unfold spontaneously and according to environmental factors that include the observer, just as they do in the physical world. ● Interoperable – The Metaverse will allow information, …

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