What is the metaverse and why are billions of dollars being spent on it?
Tech companies like Meta are investing billions of dollars into the so-called metaverse. Â
It can loosely be defined as a virtual world where people live, work and play. While there are some early versions of the metaverse out there, it doesn't really exist yet. Â
Many of those early versions were touted by the tech giants at this year's Mobile World Congress event in Barcelona. Â
But there's a long way to go and questions are already being asked about whether the metaverse will end up being a utopia, or a dystopia.Â
Watch the video above to learn more.Â