Which one of the following words/phrases is most appropriately used to

Which one of the following words/phrases is most appropriately used to denote “an interoperable network of 3D virtual worlds that can be accessed simultaneously by millions of users, who can exert property rights over virtual items” ?

Big data analytics
Cryptography
Metaverse
Virtual matrix
This question was previously asked in
UPSC IAS – 2024
The description “an interoperable network of 3D virtual worlds that can be accessed simultaneously by millions of users, who can exert property rights over virtual items” precisely defines the concept of the Metaverse. The Metaverse is envisioned as a persistent, shared virtual space that combines elements of virtual reality, augmented reality, and the internet, allowing users to interact with each other, digital objects, and AI avatars. The inclusion of property rights over virtual items is a key aspect often discussed in relation to NFTs and digital economies within the Metaverse.
Option A, Big data analytics, is the process of examining large data sets to uncover hidden patterns, correlations, and other insights. This is unrelated to virtual worlds.
Option B, Cryptography, is the practice and study of techniques for secure communication in the presence of third parties. It is related to securing transactions and data within virtual worlds but does not define the virtual world itself.
Option D, Virtual matrix, is not a standard or widely recognized term for the described concept. While “matrix” might evoke ideas of a digital reality (like in the movie “The Matrix”), “Metaverse” is the term specifically coined and used to denote the kind of interconnected, persistent 3D virtual environment described.
The Metaverse is a convergent environment merging physical and digital reality, often characterized by persistent virtual worlds, digital identity (avatars), social interaction, economic activity (digital assets, property rights), and interoperability across different platforms.
The concept of the Metaverse has gained significant attention with advancements in VR/AR technology, blockchain (for digital ownership), and increased connectivity. While a fully realized, interoperable Metaverse is still under development, various platforms and technologies are contributing to its emergence. Property rights within the Metaverse often relate to ownership of digital assets like virtual land, clothing, art, or collectibles, frequently managed using blockchain technology and NFTs (Non-Fungible Tokens).