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The entire world is experiencing a significant shift from the actual economy to a digital economy, and the integration of both these has been sped up significantly since the global pandemic. Work and life are increasingly dependent on the internet, as people are spending more time on the internet instead of offline. Today's internet is often the main gateway for many millions of people to have access to information and services, interact and socialize with each other, sell products, and entertain themselves. COVID-19 has also changed the work culture, sped up the rise of e-commerce, and transformed the way in which businesses operate. Transition to remote work creates companies giving priority to virtual environments. Thus, the pandemic has shown that tech is the key to keeping numerous jobs in action. Since COVID-19 spreads throughout the world, the growing demand for virtual reality is growing and the industry posed by Metaverse is developing. In the Metaverse, the virtual world that goes beyond reality, artificial intelligence, as well as blockchain technology are combined. With new technology linked to the development of computers, graphics, as well as hardware, the virtual world has become a reality. The way in which people communicate among themselves has changed, with the majority of communication occurring through the internet. Soon, it is foreseen the transition from the internet of information to the internet of value. Increasingly digital asset transfers will take place on blockchain by means of Avatars. The present paradigm of digital value is going to shape the new economic model. As the first attempt, this research work provides a complete framework that discusses the latest developments within the Metaverse under the dimensions of Innovative technologies and metaverse ecosystems, accounts for the digital "Big Bang" potential, explains the new metaverse technology as well as its advantages and use, and how it would transform human society and enable to introduce a new reality.