In the waking state, there is an individual waker, you and the world. Consciousness associated with that body and mind is called Vishwa. But consciousness associated with the entire physical universe is called Virat. So at my level this is so. Now this cosmic thing, what happens to it in that case?
Swami Sarvapriyananda teaches one of the shortest and most profound upanishads accompanied by Gaudapada's Karika. This lecture covers Karika 1-5.