Definition ∞ Extended Reality, or XR, is an umbrella term for virtual, augmented, and mixed reality technologies. This concept encompasses all real-and-virtual combined environments and human-machine interactions generated by computer technology and wearables. XR systems provide varying degrees of immersion, from overlaying digital information onto the real world to creating fully simulated digital spaces. These technologies are poised to reshape how individuals interact with digital content and each other.
Context ∞ The convergence of XR with blockchain technology and digital assets is a key area of development, particularly in the creation of metaverse platforms and non-fungible token (NFT) applications. Discussions often center on the ownership of digital assets within virtual worlds and the economic models supporting these immersive environments. Observing advancements in XR hardware and software provides insight into the future of digital experiences and decentralized economies.