Despite the progress made in studying the observable exteriors of conscious processes, which are reflected in the neural correlates of consciousness (NCC), there are still no satisfactory answers to two closely related core questions. These are the question of the origin of the subjective, phenomenal aspects of consciousness, and the question of the causal mechanisms underlying the generation of specific phenomenal states. In this article, we address these questions using a novel variant of cosmopsychism, a holistic form of panpsychism relying on the central idea that the universe is imbued with a ubiquitous field of consciousness (UFC). This field is understood as a foundational dual-aspect component of the cosmos, the extrinsic appearance of which is physical in nature and the intrinsic manifestation of which is phenomenological in nature. We argue that this approach brings a new perspective into play, according to which the organizational characteristics of the NCC are indicative of the brain's interaction with and modulation of the UFC. Key insights from modern physics suggest that the modulation mechanism is identical with the fundamental mechanism underlying quantum systems, resulting in the conclusion that a coherently oscillating neural cell assembly acquires phenomenal properties by tapping into the universal pool of phenomenal nuances predetermined by the UFC, or more specifically, by entering into a temporary liaison with the UFC and extracting a subset of phenomenal tones from the phenomenal color palette inherent in the basic structure of the UFC. This hypothesis is supported by a substantial body of empirical evidence. Keywords: neural correlates of consciousness, hard problem of consciousness, explanatory gap, ubiquitous field of consciousness, zero-point field, modulation mechanism, quantum systems, long-range coherence CONSCIOUSNESS AND THE NCC Neuroscientific approaches to the study of consciousness assign pride of place to the task of progressively charting and analyzing the neural correlates of consciousness (NCC), i.e., the neural mechanisms jointly sufficient for eliciting specific types of conscious experiences (Crick and Koch, 2003; Tononi and Koch, 2008). The search for the NCC is motivated, in large part, by the belief that they are more than mere correlates, namely, that such neural mechanisms provide the causal-material basis for consciousness. Significantly, many neuroscientists also hold (or have