The notion of the metaverse has garnered substantial attention in recent years, captivating the imagination and piquing the interest of researchers, inventors, and industry executives alike. This chapter, “Unleashing the Power of Research, Innovation, and Industry Impacts: Exploring the Transformative Role of the Metaverse in Business and Commerce,” seeks to investigate the potential of the metaverse and its impact on several facets of business and commerce. This proposal aims to examine the present patterns in metaverse research, which are influenced by applications that exploit the merging of interdisciplinary technologies. The advancement of developing technologies presents diverse prospects for the use of the metaverse in the realms of industry and commerce.