> For the complete documentation index, see [llms.txt](https://metaversus.gitbook.io/metaversus-ecosystem-overview/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://metaversus.gitbook.io/metaversus-ecosystem-overview/the-metaverse.md).

# The Metaverse

Tim Sweeney, Fortnite Founder, defines the Metaverse as:

"A real time 3D social medium where people can create and engage in shared experiences as equal participants in an open economy with societal impact."

We second this view. And this is what MetaVersusWorld aims to achieve as part of our mission & vision.

The metaverse is not something magical or a special new technology that fell out of the sky. Simply put it is the evolution of the internet (Web2 > Web3), leveraging the combination and power of maturing tech readiness and mass adoption of public ledgers, digital currencies (circular economies, NFTs) virtual economies and decentralization as core contributing components**.** 

<figure><img src="/files/alRHHl0MkMW0ca6w9FH1" alt=""><figcaption><p>Elements of a Metaverse, by Gartner</p></figcaption></figure>

<figure><img src="/files/l2BLEUIBbP2G5KbCzkcN" alt=""><figcaption><p><a href="https://www.mckinsey.com/~/media/mckinsey/business%20functions/marketing%20and%20sales/our%20insights/value%20creation%20in%20the%20metaverse/Value-creation-in-the-metaverse.pdf">https://www.mckinsey.com/~/media/mckinsey/business%20functions/marketing%20and%20sales/our%20insights/value%20creation%20in%20the%20metaverse/Value-creation-in-the-metaverse.pdf</a></p></figcaption></figure>