"Explores the concept of the metaverse, focusing on its promise for the future of cities and urban life and its potential to be a transformative force in the development of smart cities.... Discusses the linkages between the metaverse and smart cities in the context of urban planning and design pursuits. Describes how the metaverse might contribute to the development of sustainable cities by fostering economic, environmental, and social sustainability. Addresses the challenges and opportunities presented by the integration of immersive digital environments into urban environments. Examines the potential of the metaverse in transforming urban planning practices and processes. Delves into the transformative relationship between the metaverse and real estate development. Investigates the role and potential of the metaverse in promoting waste reduction, green spaces, and sustainable lifestyles in cities." --September 2024 Issue, Journal of Economic Literature (Volume 62, no. 3)