<div class="bbWrapper"><blockquote data-attributes="member: 84691" data-quote="ElleMg" data-source="post: 971393"
class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch">
<div class="bbCodeBlock-title">
<a href="/community/goto/post?id=971393"
class="bbCodeBlock-sourceJump"
rel="nofollow"
data-xf-click="attribution"
data-content-selector="#post-971393">ElleMg said:</a>
</div>
<div class="bbCodeBlock-content">
<div class="bbCodeBlock-expandContent js-expandContent ">
I don't know much about the metaverse besides how it relates to lyxe but I can't see how it becomes mainstream?<br />
<br />
On one hand people have more cash in their bank than usual, but on the other hand what needs does the metaverse fill?
</div>
<div class="bbCodeBlock-expandLink js-expandLink"><a role="button" tabindex="0">Click to expand...</a></div>
</div>
</blockquote><br />
Metaverse is a fancy word - confusing for many - abused by giga-corps to appease a younger crowd.<br />
<br />
Let's try to make it simpler - think of it as a digital realm. Twitter is a digital realm. Facebook, Instagram, Discord, Twitch, are all examples of digital realms.<br />
<br />
The hype you hear around the metaverse today is the hype around building <i>interoperable </i>digital realms. Blockchains, thanks to their transparent and permissionless design principles, serve as a great layer on-top of which applications can be built - because this would enable all of these apps to become interoperable with one another. In essence, they would be sharing the same database if you will. This opens up the door to a world of opportunities that was previously locked due to web2 design where each operator on the internet needed to secure their own database.<br />
<br />
For example, you couldn't take your Twitter profile, and all of your posts, and say, jump into Instagram and "retweet" one of your twitter posts into Instagram - because the data between them is not shared, but instead siloed in each giga-corps proprietary data servers.<br />
<br />
What's exciting about the metaverse is the ability for all participants to move more seamlessly across the web. You could, for example, have a smart-contract account, stored on a blockchain, and applications/games/socialmedia/etc. could simply fetch your smart-contract account from public ledgers, so you could, in practice, with ONE account access every web3 service. Not only is your profile now interoperable with other lego-pieces in the space, but your ASSETS also are interoperable. So let's say you bought a camera filter for your videos/photos, now you could take that same filter with you to different apps. The same is valid with any type of digital asset (photos, videos, programs, games and game assets, text and books, and any other digitized product you can think of).<br />
<br />
What "need" does the metaverse fill? Every need you and I have when we access the internet. You currently have dozens if not hundreds of "accounts", with your information, as well as your money, stored on random people's servers. When you buy something, it can't "come" with you anywhere. You could store your PDFs for example on a cloud-based storage solution, but again, you would be storing it on some company's servers and access them with the internet. And this type of storage solution would still need other applications to speak to this server's APIs to request information. But if the base-layer is transparent and permissionless, anybody could fetch, add, and build around this information. Don't worry, you don't have to make your life public, there are cryptographic solutions that can prove the authenticity of your content without revealing it to just anybody if you wish to preserve privacy.<br />
<br />
The possibilities are vast - these are simple examples I'm offering just to paint a picture.<br />
<br />
Now the 3D/VR part of the Metaverse is a more ambitious effort to transform your experience across these realms into a more immersive one. So instead of looking at a 2D screen to view content on the web, you could be "walking through" this content inside of an immersive VR/AR environment. Instead of browsing IG's page by scrolling through images/texts in 2D, you could for example be sitting with your VR headset rendering a galaxy in space, and you could be viewing IG in 3D for example, whereby you can interact with the same content but in a much more engaging way. Instead of going to a WellsFargo website, again in 2D, to do your banking, you could be walking inside of a 3D world, say a Minecraft or a Fortnight type of world, and find an "ATM" inside the game, which connects your smart-contract based profile/assets to DeFi protocols: from inside the game, you could do your banking, or walk up to another player in the game and "trade" with them, exchanging valuable assets/tokens with each other.<br />
<br />
However, this VR immersive experience is still a number of years out, primarily because of hardware constraints (headsets are still bulky, heavy, and not pleasant for extended use). The first iterations of the metaverse are web-based experiences still rendered on 2D screens - but the underlying data-access-points are interoperable. Take for instance something like SandBox, or CryptoVoxels, or Decentraland - they are 3D multiplayer environments that interface with blockchains on the backend.<br />
<br />
I hope you can begin to understand the value proposition of this interoperable world of digital realms.<br />
<br />
You can also reference this post I made in February on the topic of the Metaverse, the article linked is very detailed and is a great starting point to help you better understand the thesis. <br />
<br />
<blockquote data-attributes="member: 66764" data-quote="AceVentures" data-source="post: 928960"
class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch">
<div class="bbCodeBlock-title">
<a href="/community/goto/post?id=928960"
class="bbCodeBlock-sourceJump"
rel="nofollow"
data-xf-click="attribution"
data-content-selector="#post-928960">AceVentures said:</a>
</div>
<div class="bbCodeBlock-content">
<div class="bbCodeBlock-expandContent js-expandContent ">
<div class="bbCodeBlock bbCodeBlock--unfurl js-unfurl fauxBlockLink"
data-unfurl="true" data-result-id="163334" data-url="https://metaversed.net/Into-The-Void-Where-Crypto-Meets-The-Metaverse-263f1ff8c13c455ea472f5689e01acaa" data-host="metaversed.net" data-pending="false">
<div class="contentRow">
<div class="contentRow-figure contentRow-figure--fixedSmall js-unfurl-figure">
<img src="/community/proxy.php?image=https%3A%2F%2Fi.imgur.com%2FGqsi7H8.jpg&hash=ac05dcadd399deed7cd8c704b61f51b5&return_error=1" loading="lazy" alt="metaversed.net" class="bbCodeBlockUnfurl-image" data-onerror="hide-parent"/>
</div>
<div class="contentRow-main">
<h3 class="contentRow-header js-unfurl-title">
<a href="https://metaversed.net/Into-The-Void-Where-Crypto-Meets-The-Metaverse-263f1ff8c13c455ea472f5689e01acaa"
class="link link--external fauxBlockLink-blockLink"
target="_blank"
rel="nofollow ugc noopener"
data-proxy-href="">
Metaversed
</a>
</h3>
<div class="contentRow-snippet js-unfurl-desc">Thoughts on the technology, philosophy, and culture of this new world.</div>
<div class="contentRow-minor contentRow-minor--hideLinks">
<span class="js-unfurl-favicon">
<img src="/community/proxy.php?image=https%3A%2F%2Fwww.notion.so%2Fimage%2Fhttps%253A%252F%252Fwww.notion.so%252F%25E2%259B%2593%25EF%25B8%258F%3Ftable%3Dblock%26id%3D263f1ff8-c13c-455e-a472-f5689e01acaa%26spaceId%3D0db55421-fd3f-4968-991d-e4c66a994b4c%26width%3D2000%26userId%3D%26cache%3Dv2&hash=d32812257e92a8486b06cf8e76b14b3c&return_error=1" loading="lazy" alt="metaversed.net" class="bbCodeBlockUnfurl-icon"
data-onerror="hide-parent"/>
</span>
metaversed.net
</div>
</div>
</div>
</div>
<br />
A rather long read, but worth it if you're interested in getting a vision for what a digital future can look like with crypto as it's infrastructure.<br />
<br />
Below is the TL;DR from the article.<br />
<ul>
<li data-xf-list-type="ul">Crypto is laying the foundations for a self-sovereign financial system, an open creator economy, and a universal digital representation and ownership layer via NFTs (non-fungible tokens).</li>
<li data-xf-list-type="ul">The Metaverse is coming; trends indicate our direction of travel. Our next great milestone as a networked species awaits us: 7B digital souls with the option to exist almost exclusively online and participate in a virtual economy with societal impact.</li>
<li data-xf-list-type="ul">More time spent online will lead to more value created and consumed digitally.</li>
<li data-xf-list-type="ul">In order to maximize willingness of individuals to allocate serious time and capital to virtual environments, establishing trust in their durability as well as economic robustness is paramount.</li>
<li data-xf-list-type="ul">As education of web 2.0’s shortcomings rises, users will prefer credibly neutral platforms that lack altogether the capacity for arbitrary censorship, undue rent extraction (also in the form of privacy cost), or sudden cessation.</li>
<li data-xf-list-type="ul">All of these threats are only amplified by increasingly immersive, pervasive, and interconnected digital environments.</li>
<li data-xf-list-type="ul">Decentralized networks provide a unique and unmatchable degree of assurance, whilst a universal erosion of trust in institutions is forcing the desire for alternatives.</li>
<li data-xf-list-type="ul">NFTs on top of them enable a standardized universal digital representation and ownership layer for any natively digital “thing” such as game assets, digital art, or domain space.</li>
<li data-xf-list-type="ul">Early breakout successes will drive FOMO as onlookers scramble to understand the new tool sets available. The network effects of these protocols prove difficult to overcome; their open nature compounds permissionless innovation incredibly quickly as each additional creator builds on the shoulders of all who came before.</li>
<li data-xf-list-type="ul">Owning core pieces of these new worlds brings great financial returns to those who believed; many of whom will be from emerging markets who were quick to move on the opportunities available.</li>
<li data-xf-list-type="ul">Beyond wealth, the initial players are granted additional advantages. As pioneers of a variety of new business models and technologies, their accumulated IP and know-how provide a significant moat.</li>
<li data-xf-list-type="ul">In the same way the rise of mobile forced large buyouts and talent acquisition, so too will the rise of crypto across gaming and the creator economy.</li>
<li data-xf-list-type="ul">In hindsight, it will be obvious that crypto’s role in the Metaverse was the most imperative yet least explored by those speculating on its emergence.</li>
</ul>
</div>
<div class="bbCodeBlock-expandLink js-expandLink"><a role="button" tabindex="0">Click to expand...</a></div>
</div>
</blockquote></div>
