Thread by @ProofofMilan

1/9 A $ZIL 🧵 on why #Metapolis will be paradigm shifting for the industry as a whole, not just for Zilliqa.

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2/9 Let's start with some context. Metaverses have been talked about for decades. Think of Second Life, Sims etc. Let's classify these as web 2.0 metaverses. They have never, and never will IMO, be able to go to the next level because they miss three fundamental ingredients:

3/9 The 1st one is scarcity. With web 2.0 metaverses you are can keep inflating land. With web 3.0 metaverses you are able to create scarcity inside the virtual world. Meaning that everything is an NFT. The avatars, the roads, the emojis, the items etc. This is REALLY important.

4/9 The 2nd one is currency. Web 2.0 metaverses you have 'fake money' floating around. Now you are able to use $crypto/fan tokens/stablecoins etc. to transact inside the virtual world. You therefore have real money and can build out a real economy. Again, REALLY important.

5/9 The 3rd one is governance. You are able to allow stakeholders to take part in decision-making. For example what to build in specific district & what to tax people if they use specific dapps. This also opens doors for governance tokens like $gZIL to keep increasing in utility.

6/9 All the web 2.0 metaverses will therefore become obsolete. But I would even go a bit further saying that application level metaverses will also get outcompeted. Because if you launch a metaverse on the protocol level you are able to start interconnecting things.

7/9 NFTs can be used inside different dapps to unlock things and not just for one dapp. Tokens can also be interconnected everywhere. People can jump from one metaverse to another, storylines can be created. Traffic from one partner can be channeled towards other partners etc.

8/9 With the ingredients mentioned above you are able to create a virtual city with a real economy. The more this virtual city expands the more value everyone inside the $ZIL community will get. And we have some interesting partners lined up to be part of this new world.

9/9 Imagine being the 1st virtual NYC where every dapp is one building and millions of people are walking around and making use of dapps without knowing blockchain tech is behind it. This is mainstream adoption and the future of crypto & NFTs IMO. Let's make it happen, together!!