HBR IdeaCast

What Business Leaders Should Know Now About the Metaverse

18 snips
Aug 30, 2022
Matthew Ball, CEO of Epyllion and former Amazon Studios strategist, delves into the significance of the metaverse, dubbing it the 'new internet.' He highlights the importance for companies to understand and strategize around this technology. Topics include the origins and evolution of virtual worlds, challenges like technology access and interoperability, and how diverse global players like Tencent impact the metaverse. Additionally, Ball discusses how industries like dating and fashion are engaging with this new frontier and navigating its societal implications.
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INSIGHT

Defining the Metaverse

  • The metaverse is a massively scaled, interoperable network of real-time 3D virtual worlds.
  • It allows users to have persistent, synchronous experiences with a sense of presence.
INSIGHT

Platforms vs. the Metaverse

  • Platforms like Roblox, while connecting many virtual worlds, are not the metaverse itself.
  • A true metaverse requires interoperability similar to the internet, not just interconnected platforms.
ANECDOTE

Technological Transformations

  • Mainframe computing still exists, despite newer technologies like the internet, PCs, mobile, and cloud.
  • This illustrates how technological transformations overlap and coexist.
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