12 The Metaverse Overview : Vision, Technology, and Tactics | Vision and Values Derived from its depiction in Snow Crash, the future Metaverse will include a virtual world that simulates all real- world elements. There are 10 elements in the real world: environment, people, objects, institutions, society, and economic, enterprise production, individual production, civilization, and governance systems. There are also 10 elements in the virtual world corresponding to these 10 real world elements. Figure8: A virtual world that replicates the real world Source: Deloitte analysis 10 Elements in Virtual World Virtual People (Avatar) Virtual Natural People Virtual Institutions Identification Identification School Community Company Government Virtual Object/Goods Economic System Social System Production System Enterprise Production System Personal Production System Virtual Environment Civilization System Governance System in Virtual World Currency Transaction Rules Social Skills Natural Environment Social Environment Commercial Environment Community Human Society World Language Custom Culture Production Tools Production Rules Code Identification Law Virtual World Form 1 : Mirror of Real World consisting of 10 elements Meaning 2: A native virtual world The Metaverse includes another virtual world. This is an innovative, native virtual world that has all the elements of the real world, but whose elements have no corresponding elements in the real world. People can use their imaginations and creativity to create completely virtual people, objects, and environments. New entities, new regulations, and new wisdom will embody innovation in this virtual native world. This new entity is home to people, objects, and environments shaped entirely in the virtual world, with no real world counterparts. In this Metaverse, there will be new "people" who are not avatars, but people created and who only exist in the virtual world, like virtual digital employee Cui Xiaopan, who won the 2021 Best Newcomer Award at Vanke Headquarters. Other examples include non-fungible token (NFT) objects such as pictures, audio, videos, artwork, and buildings. In this native virtual world, liberating some of the physical and spatial stipulations of the real world create a virtual natural environment.