Metaverse is a term that refers to a collective virtual shared space, created by the convergence of virtually enhanced physical reality and physically persistent virtual reality. It is an immersive digital environment where users can interact with a computer-generated environment and other users in real-time. The components of Metaverse include:

1. Augmented Reality:
Augmented Reality (AR) is a technology that overlays computer-generated images, videos, or information onto the real world. It enhances the user's perception and interaction with the physical environment by adding virtual elements. AR is an essential component of the Metaverse as it allows users to blend the real and virtual worlds.

2. Virtual Reality:
Virtual Reality (VR) is a technology that creates a simulated environment using computer-generated content. It immerses users in a completely virtual world, isolating them from the physical environment. VR is a key component of the Metaverse as it provides a platform for users to explore and interact with virtual spaces and objects.

3. Blockchain:
Blockchain is a decentralized and distributed digital ledger that records transactions across multiple computers. It ensures transparency, security, and immutability of data by utilizing cryptographic algorithms. Blockchain technology has the potential to enable secure and trusted transactions within the Metaverse, such as virtual asset ownership, digital identity management, and decentralized governance.

4. 5G:
5G is the fifth generation of wireless technology that provides faster data transfer speeds, lower latency, and increased network capacity. It enables real-time communication and seamless connectivity, which are crucial for the Metaverse. 5G networks can support the high data requirements of AR/VR applications and facilitate smooth interactions between users in the virtual space.

5. 3D Modelling:
3D modeling is the process of creating a three-dimensional representation of an object or environment using specialized software. It is a fundamental component of the Metaverse as it allows the creation of realistic and immersive virtual environments. 3D modeling enables the development of detailed virtual objects, characters, and landscapes that users can interact with in the Metaverse.

6. Edge Computing:
Edge computing is a distributed computing paradigm that brings computation and data storage closer to the location where it is needed. It reduces latency and enhances real-time processing capabilities by processing data at the edge of the network, closer to the user. Edge computing is essential for the Metaverse as it enables fast and responsive interactions between users and the virtual environment.

In conclusion, the correct answer is option 'D' as all the components mentioned - Augmented Reality, Virtual Reality, Blockchain, 5G, 3D Modeling, and Edge Computing - contribute to the development and functionality of the Metaverse.