13 The Metaverse Overview : Vision, Technology, and Tactics | Vision and Values Figure9: Three "new things" in the virtual native world Source: Deloitte analysis New Entities New Regulations New Wisdom Figure Object Environment Artificial Intelligence Human Intelligence (Creativity & Innovation) Decentralization & UGC Consensus Mechanism Mechanism Regulation has three aspects in this new native virtual world: governance by decentralized autonomous organizations (DAOs), which is completely different to the centralized model in the real world; user-created content (UGC) rather than the platform-generated content (PGC), which will completely liberate people to be creators and allow anything to be created; and the movement of people in the virtual world, unencumbered by real-world physical or spatial rules. New wisdom refers to artificial intelligence (AI). Virtual people, despite existing only in the Metaverse, will have the same or greater wisdom than human beings do in the real world. Currently, most AI seeks to simulate human beings by listening, speaking, reading, writing, smelling, touching, moving, and thinking. One day the wisdom of AI will go beyond human beings, and that day is not that far away given the acceleration of technology, with the computing power of Nvidia's CPUs now said to be 1 million times faster than it was 10 years ago. Current Metaverse platforms have already partially achieved the abovementioned three innovations in the native virtual world. When the virtual world frees us from the limitations of physical space, human beings can bring their thinking and creativity into full play, creating the potential for limitless innovation. Meaning 3: The real world The real world is an integral part of Metaverse. All elements in the virtual mirror world are facsimiles of elements in the real world. The value of the virtual world is generated by interactions between it and the real world. Meaning 4: Convergence and interaction of the virtual and real worlds In the end, the virtual world and the real world will form a closely converged and interacting world— from the virtual to the real, the real to the virtual, the virtual in the real, and the real in the virtual—like a "live action" version of the coexistence of robots in the real and virtual worlds seen in Terminator . This convergence and interaction mean the Metaverse will transcend both and each of the real and virtual worlds, calling back to the original meaning of the word "Meta" as above or beyond. The degree to which the virtual world is converging and interacting with the real world is a critical criterion in evaluating the value of the Metaverse. Among various definitions of the Metaverse, one posits that it will only