Metaverse and Virtual Reality are two specific terms. Let us explain:

Definition

Metaverse is an open, shared world inclusive of 3D virtual spaces wherein users can explore and interact with each other through Digital Avatars. On the other hand, Virtual reality is a technology that creates three-dimensional environments for users to experience through touch, sight, and sound.

Ownership

Users have complete ownership over their digital assets in the Metaverse, whereas the brand owns the VR system and its content.

Experiences

The Metaverse is an interconnected network of virtual worlds. Metaverse provides users with a diverse range of experiences, while on the other hand, VR offers a limited experience because of the brand-owned VR system.

Persistence

The Metaverse is an open, shared, and persistent Virtual world that exists even when you are not there in the Metaverse. On the other hand, VR users' experience stops when they take off their VR devices.

Authority

Metaverse platforms facilitate DAO (Decentralized Autonomous Organization) to bolster governance in the virtual world. Users in the Metaverse have the power to make decisions. On the other hand, companies and authorities govern virtual worlds — which motivates centralization.