Ok What’s this Metaverse thing everyone keeps talking about?
Books, Ready Player One, random nerds on the internet and now Facebook?
The next decade is going to be LEGENDARY.
1/ Thread 👇
Books, Ready Player One, random nerds on the internet and now Facebook?
The next decade is going to be LEGENDARY.
1/ Thread 👇
2/ What is the Metaverse?
There’s a lot to unpack here.
Wikipedia has a good line on this,
"Metaverse is a speculative future iteration of the Internet, made up of persistent, shared, 3D virtual spaces linked into a perceived virtual universe."
There’s a lot to unpack here.
Wikipedia has a good line on this,
"Metaverse is a speculative future iteration of the Internet, made up of persistent, shared, 3D virtual spaces linked into a perceived virtual universe."
3/ The term initially made an appearance in the book “Snow Crash”.
I’m not going to fake it. I didn’t read Snow Crash.
But I DID watch Ready Player One and was like HOLY SHIT this is the future.
I’m not going to fake it. I didn’t read Snow Crash.
But I DID watch Ready Player One and was like HOLY SHIT this is the future.
4/
- People living in shacks where reality was depicted as "boring" yet virtual was full of life, experiences & limitless.
- Your virtual identity, a robot, a cat, your avatar of choice.
- Your clothes, currency, cars, all items of value.
- Best friends you've never met irl.
- People living in shacks where reality was depicted as "boring" yet virtual was full of life, experiences & limitless.
- Your virtual identity, a robot, a cat, your avatar of choice.
- Your clothes, currency, cars, all items of value.
- Best friends you've never met irl.
5/ The above is a long way away but wheels seem to be in motion.
@decentraland held a Metaverse Festival where wearables, names, land were NFTs,
@genies created @ParisHilton & @fewocious avatars.
Penguins, cucumbers, etc as Avatars.
@decentraland held a Metaverse Festival where wearables, names, land were NFTs,
@genies created @ParisHilton & @fewocious avatars.
Penguins, cucumbers, etc as Avatars.
https://twitter.com/themetakey/status/1452072208671510528
6/ But Decentraland is one of MANY that will connect together to be part of an open metaverse.
Where the assets, (currencies, NFTs, etc), you buy today, will be used effortlessly across multiple platforms.
Different worlds will just be a teleport away.
Where the assets, (currencies, NFTs, etc), you buy today, will be used effortlessly across multiple platforms.
Different worlds will just be a teleport away.
7/ There’s been many projects that have attempted their version of a virtual world. A part of the open metaverse.
In fact, wikipedia has a MASSIVE list.
From Second Life to Robolox to VRChat, there’s been many attempts to take visual and social experiences next level.
In fact, wikipedia has a MASSIVE list.
From Second Life to Robolox to VRChat, there’s been many attempts to take visual and social experiences next level.
8/ 20+ years of building and innovation. Makes you respect the process.
The beauty of the above is we can see the beginnings of virtual worlds powered by blockchain.
Where not only can you have limitless experiences, but take your identity and assets across multiple spaces.
The beauty of the above is we can see the beginnings of virtual worlds powered by blockchain.
Where not only can you have limitless experiences, but take your identity and assets across multiple spaces.
9/ With NFTs blowing up this year, DeFi pushing the boundaries of trustless interactions, governments and global bodies respecting Bitcoin, it all points to momentum favoring the Metaverse direction.
You can't help but feel it in the air.
Right?
You can't help but feel it in the air.
Right?
10/ A very cool image on the transition to web 3.0.
You can see how the internet is evolving and new tech giving rise to web 3.0.
Jan 2020 Article, (a tad outdated but relevant), written by Fabric Ventures.
medium.com/fabric-venture…
You can see how the internet is evolving and new tech giving rise to web 3.0.
Jan 2020 Article, (a tad outdated but relevant), written by Fabric Ventures.
medium.com/fabric-venture…
11/ We're right at the start of the transition to web 3.0
NFTs this year have solidified the theory that digital items can have ownership properties and transferrable value.
This tech is scary for those that don’t understand but liberating for those that do.
NFTs this year have solidified the theory that digital items can have ownership properties and transferrable value.
This tech is scary for those that don’t understand but liberating for those that do.
12/ From $10M Art sales to $50 Junky Avatars, right now we're in hyper-experimental mode.
There's no playbook here, it's a mashup of experimentation and people figuring out in mass what has value and why.
Many are watching, learning, applying and building.
There's no playbook here, it's a mashup of experimentation and people figuring out in mass what has value and why.
Many are watching, learning, applying and building.
13/ As the above experiments play out, we're going to start questioning everything.
The way we think about value
The way we interact with people
Entire business models will reset
Where our time is spent and why
What is the "real" world
Where we spend our $
What ownership means
The way we think about value
The way we interact with people
Entire business models will reset
Where our time is spent and why
What is the "real" world
Where we spend our $
What ownership means
14/ While the world watches confused at a handful of crazy internet people buy JPEGs.
We buy NFTs that we think will have immense value as the Metaverse plays out.
An artist can create a virtual home/animated version of his NFT you bought 3 years ago.
We buy NFTs that we think will have immense value as the Metaverse plays out.
An artist can create a virtual home/animated version of his NFT you bought 3 years ago.
15/ So as you take it there, whether it's an art piece or an Avatar, it can continue to evolve and have compounding value.
Which begs the question, what are we actually buying right now?
imo - pieces of the emerging metaverse.
Which begs the question, what are we actually buying right now?
imo - pieces of the emerging metaverse.
16/ While all the above is happening,
- VR is getting faster, better, more immersive
- AR is figuring out shared experiences
- Social Media is looking at blockchain
- AI is evolving at a scary speed
All the above and more coming together to be part of the Metaverse.
- VR is getting faster, better, more immersive
- AR is figuring out shared experiences
- Social Media is looking at blockchain
- AI is evolving at a scary speed
All the above and more coming together to be part of the Metaverse.
17/ How do you participate?
- Keep learning/keep on top of news and innovations in new tech
- Experiment with digital ownership. Buy Art NFTs, sell art, make sense of the crazy.
- Find like minded people
- Experiment with new business models
- Grow your socials/digital voice
- Keep learning/keep on top of news and innovations in new tech
- Experiment with digital ownership. Buy Art NFTs, sell art, make sense of the crazy.
- Find like minded people
- Experiment with new business models
- Grow your socials/digital voice
18/ Basically stick around.
The more you stick around, the more you realize how real this is and how much of what we're doing points to this.
The more you stick around, the more you realize how real this is and how much of what we're doing points to this.
19/ Today you spend time shopping with friends irl, eating at restaurants, watching a movie, etc.
In a decade you’ll spend time "going to work" by flipping on the VR switch on your glasses, seeing the 50th wonder of the digital world with anons, shopping for avatars.
In a decade you’ll spend time "going to work" by flipping on the VR switch on your glasses, seeing the 50th wonder of the digital world with anons, shopping for avatars.
20/ What about investing? Not financial advice but personally I'm investing in,
Infrastructure - blockchains, platforms, marketplaces,
Communities - Avatars
Artists - NFT Art
Currencies - Bitcoin, ETH
Builders - Equity
Land
MYSELF - By Sticking around, learning, experimenting.
Infrastructure - blockchains, platforms, marketplaces,
Communities - Avatars
Artists - NFT Art
Currencies - Bitcoin, ETH
Builders - Equity
Land
MYSELF - By Sticking around, learning, experimenting.
21/ A lot more.
- Co-founded @themetakey
- GP at a fund I'm about to go public with
- Creating content at DCL Blogger
- Investing personally,
Just trying to be part of what I think is the future.
imo, it's a journey. A long one with no final destination.
- Co-founded @themetakey
- GP at a fund I'm about to go public with
- Creating content at DCL Blogger
- Investing personally,
Just trying to be part of what I think is the future.
imo, it's a journey. A long one with no final destination.
22/ So where does Facebook come into this?
While everyone attempts to build their version of "The Metaverse", many will choose to open their platform for anyone to take their identities, assets, and data in and out of.
Others, (like Facebook), will prob try to implement control
While everyone attempts to build their version of "The Metaverse", many will choose to open their platform for anyone to take their identities, assets, and data in and out of.
Others, (like Facebook), will prob try to implement control
23/ Closed platforms where data is kept within, made available to advertisers, used to strengthen AI, assets are not transferrable out of and really just a prettier version of old tech.
Or open platforms that truly leverage new tech to open up choice and control to everyone.
Or open platforms that truly leverage new tech to open up choice and control to everyone.
24/ This isn't winner takes all.
The space is huge and the nature of true web 3.0 by design is open and collaborative. Positive sum.
The true nature of the Metaverse.
The space is huge and the nature of true web 3.0 by design is open and collaborative. Positive sum.
The true nature of the Metaverse.
25/ Looks like I've run out of space wtf Twitter.
Anyway, you get the point!
Everything we are doing today is at a micro-scale of where we're heading.
Have fun, enjoy the ride and tell a friend. 🔥
Anyway, you get the point!
Everything we are doing today is at a micro-scale of where we're heading.
Have fun, enjoy the ride and tell a friend. 🔥
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