published Oct 26th 2016, 5:11 am, by Ewa Krukowska (Bloomberg) — The European Union adopted a plan to keep a leading place in the increasingly competitive global space industry by encouraging companies to make use of its cutting-edge satellite data set to become indispensable in areas from producing driverless cars

The Internet of Things (IoT) refers to the interconnected network of physical objects that are embedded with sensors, software, and network connectivity, enabling them to collect and exchange data. The Metaverse, on the other hand, refers to a collective virtual shared space, created by the convergence of virtually enhanced physical reality and physically persistent virtual space, including the sum of all virtual worlds, augmented reality, and the internet.