Review on Metaverse's Market Development

Abstract

Metaverse is a new type of Internet application and social form that integrates a variety of new technologies. It provides an immersive experience based on extended reality technology, generates a mirror of the real world based on digital twin technology, and builds an economic system based on blockchain technology. From the perspective of the development of the metaverse industry, this paper first discusses the development background of the metaverse industry, explores the concept and economic connotation of the metaverse, outlines the background and opportunities for the development of the metaverse industry, and comprehensively discusses and analyzes the various aspects of the metaverse industry in theory. The reshaping effect of the metaverse industry development, at the same time, summarizes the three stages of the metaverse industry development and the characteristics of each stage, and discusses with the life cycle theory. Finally, the evolution prospect of the metaverse industry development is described and given. policy suggestion.