Tag: Web3

  • Value creation in the metaverse – McKinsey

    With its potential to generate up to $5 trillion in value by 2030, the metaverse is too big for companies to ignore. … The metaverse will significantly impact our commercial and personal lives: $120b+ in investment has flowed into the metaverse so far in 2022, 79% of consumers active on the metaverse have made a purchase, >15% of corporate revenue is expected to come from the metaverse in the next 5 years according to 25% of senior executives.

  • Futureverse Manifesto – Futureverse

    The future is a collective vision. That exists within every mind on the planet. Owned by everyone. The future is the only truly decentralized idea. Not a place but possibility. The future is everything we’ll create together. With our eyes closed and our minds open, we are already there. Pursuing a vision rooted in love and expressed through technology. A vision that grows alongside the real world, evolving who we can be and how we connect. Where the choices we make matter, and algorithms can’t tell us what to think.

  • Futureverse combines eight companies in effort to create user-controlled metaverse – Forbes

    “Most metaverse companies are simply building a game but calling it the metaverse,” [Aaron McDonald, co-founder] tells Forbes by email. “We truly believe no one can build ‘A’ metaverse, there is only ‘The’ metaverse—the collection of user-owned interoperable identity, data and content that can be used in a whole universe of applications.” … Futureverse has its own blockchain, the Root Network, in line with the philosophy that a—or the—metaverse requires distributed-ledger technology to achieve interoperability among different systems. […]

    Non-Fungible Labs announced in June that it was establishing Futureverse Foundation, a charitable organization advised by the artist Alexandra Grant and her friend Keanu Reeves, the actor. The organization plans to provide grants to ”underrepresented artists, creatives, and communities in order to build more diverse, equitable, and inclusive spaces—in both the metaverse and real world,” according to a press release last week that announced the eight-company rollup.

  • Does the metaverse really need a blockchain? I debate that with devs from Neal Stephenson’s Lamina1 metaverse-as-a-service startup – New World Notes

    “The transparency, interoperability, ownership, and economic functionalities that blockchain technology brings to the table is fundamental for an open and interoperable metaverse that uniquely empowers creators and users, so it is likewise worth the challenge of developing against it. The key is figuring out which components of these immersive experiences benefit from decentralized characteristics (say avatars, items, currency, and similar creator content) and develop those on-chain while allowing for traditional centralized infrastructure to carry the heavy lift of the rest of the experience.”

  • Whatever happened to the metaverse?Financial Times
    Type “metaverse” into Google Trends and you’ll see search traffic for the word has collapsed by about 80 per cent over the past year or so. These days, if you want to raise a load of cash, you’d be better off name-dropping “generative AI” — artificial intelligence that can “generate” text, images or other data. Venture capital investment into that particular sector jumped 425 per cent between 2020 and 2022. […] All this is not to deny the likelihood that, as technology advances, the internet will become more immersive. But this will happen gradually and messily: we are not about to step into a suddenly formed, blockchain-powered virtual world together. The metaverse never really began — and yet it’s already over.

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