Explainer-What is the "metaverse"?


FILE PHOTO Visitors are pictured in front of an immersive art installation titled quotMachine Hallucinations mdash Space Metaversequot by media artist Refik Anadol which will be converted into NFT and auctioned online at Sothebys at the Digital Art Fair in Hong Kong China September 30 2021. REUTERSTyrone Siu

FILE PHOTO: Visitors are pictured in front of an immersive art installation titled "Machine Hallucinations — Space: Metaverse" by media artist Refik Anadol, which will be converted into NFT and auctioned online at Sotheby's, at the Digital Art Fair, in Hong Kong, China September 30, 2021. REUTERS/Tyrone Siu

LONDON (Reuters) - Facebook said on Monday that it will hire 10,000 people in Europe to help it build a "metaverse".

The concept of the metaverse is quickly becoming a buzzword in technology and business. But what does it mean?

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