The metaverse is a blockchain platform that provides users with a decentralized network of applications and smart contracts. It uses the Ethereum virtual machine (EVM) to process transactions on its network. The metaverse was launched in December 2017 by BigchainDB, another company working with the same goal of creating an open-source database for storing data across multiple clouds. In addition to its own native currency (mavro), the metaverse also supports other cryptocurrencies such as BTC and ETH as payment options for buying goods or services from vendors on its marketplace platform. Metaverse developers are working on creating an entire universe that spans across multiple dimensions (or planes) with different rules about how objects interact with each other in each plane. These rules will determine how things behave in this new digital world. The global metaverse market valuation stands at US$ 63.83 billion in 2021. As per the report by Fortune Business Insights, the global