The document introduces the metaverse as a graphically rich virtual space where people can work, play, shop and socialize as they would in real life or online. It explains that the metaverse will be built using blockchain systems and open standards, run globally by a network of computers rather than a single entity. Non-fungible tokens (NFTs) are also introduced as digital assets stored on the blockchain that can be owned and traded. Potential benefits of the metaverse are listed as including easy project progress tracking, site visits, procurement, workforce mobility and asset tracing with cost savings on transportation and manpower.