We can think of the metaverse as a persistent network of experiences. And where's the most likely place for that partial market power or centralization to show up? Is it in the ip rights and the payment system, the hardware provider, cross platform engine? Somewhere else? What's most likely? Joke point? There seem to be two different answers to that. Number one, software distribution. This is your classic discovery and distribution of virtual experiences. The other option is hardware. It may exist literally and in abstraction, but you can only access it through a device. Those device operators have an ever growing network of a p is experiences, technologies, technical requirements and controls through which they can

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