Re-air: A Compelling Vision for a Digital Future w/ Improbable’s Herman Narula l #198
Sep 13, 2023
auto_awesome
Herman Narula, co-founder of Improbable, discusses the potential of the metaverse, interoperability, creating immersive experiences, and balancing gameplay in the digital future. They also talk about their technologies, testing virtual events, and their upcoming book.
The metaverse aims to provide fulfilling experiences through meaningful interactions and a sense of competence, autonomy, and relatedness.
Improbable's platform Morpheus enables large-scale events and interactions in the metaverse, while M Squared focuses on interoperability and value transfer between different metaverses.
The metaverse offers long-term engagement and monetization opportunities through creating experiences that genuinely fulfill users and allow for charging virtual objects and assets.
Deep dives
Metaverse as an Extension of Real Experiences
The podcast episode explores the concept of the metaverse as an extension of real experiences rather than just a realm of video games. The guest, Herman Narula, discusses how the metaverse can offer fulfilling experiences in terms of competence, autonomy, and relatedness. He emphasizes the importance of presence and meaningful interactions, rather than focusing solely on realism. The goal is to create experiences that provide a sense of fulfillment and connection for users, allowing them to participate and make a meaningful impact in virtual worlds.
Morpheus and M Squared: Empowering the Metaverse
Herman Narula explains the two main components of their platform: Morpheus and M Squared. Morpheus provides a suite of technology and tools that enable large-scale events and interactions in the metaverse. It allows for thousands of people to participate in dense environments, stream content, and communicate with each other. On the other hand, M Squared focuses on creating open standards and protocols that promote interoperability and value transfer between different metaverses. The goal is to build a network of interconnected worlds where virtual objects and assets can freely move between experiences, fostering a vibrant ecosystem of creativity and commerce.
The Economics of the Metaverse
The podcast delves into the economics of the metaverse and its potential to provide long-term engagement and fulfillment. Unlike the quick outrage culture and fleeting experiences often associated with social media, the metaverse aims to offer experiences that genuinely fulfill users. By focusing on competence, autonomy, and relatedness, the metaverse can create meaningful and immersive encounters that drive sustained engagement. Additionally, the ability to charge for virtual objects and assets within the metaverse eliminates the need for traditional advertising-based business models, providing new opportunities for individuals to monetize their skills and contributions within the virtual realm.
Interoperability and the Promise of the Metaverse
The podcast episode discusses the concept of interoperability and its importance in the future of the metaverse. The guest emphasizes the idea of creating levels of interoperability among multiple metaverses, allowing users to seamlessly move their avatars between different virtual worlds. This interoperability not only enhances the user experience but also opens up new business opportunities, as users can create businesses that operate across multiple metaverses. The guest highlights the need for an open network that outlives any specific platform or company, ensuring stability and allowing businesses to thrive with investor confidence. The episode also addresses the challenges faced by closed platforms and the potential for decentralized networks to revolutionize the way value is shared and decision-making power is distributed.
The Value of Web 3.0 and the Power of Networks
The podcast episode explores the value of Web 3.0 and the potential of networks in revolutionizing various industries. The guest emphasizes the B2B use cases of Web 3.0, where businesses can share value and platform ownership, leading to more innovation and growth. The episode highlights the limitations of the current centralized tech companies and the need for a shift towards network ownership and shared value. By empowering users and incorporating democratic processes, networks can provide a more equitable and collaborative environment. The guest discusses the power of networks in driving collaboration, co-creation, and shared decision-making, ultimately creating bigger opportunities and value for all participants.
✨ SUBSCRIBE TO THE OVERPRICED JPEGS CHANNEL ✨ https://bankless.cc/jpegs ------ 🚀 SUBSCRIBE TO THE OPJ NEWSLETTER: https://jpegs.banklesshq.com/ 🎙️ SUBSCRIBE TO PODCAST: https://availableon.com/overpricedjpegs ------- Timestamps: 0:00 Intro / Announcements 6:50 Virtual Worlds 12:30 Realism and Beauty 19:55 Operations Per Second 25:40 Business Generated Content 29:10 Web3 Business Models 36:52 MSquared and Morpheus 41:07 Interoperability 47:37 From Games to Experiences 52:37 Rage & Redemption 54:07 The Yuga Partnership 58:32 Projects & Experiments ------ Resources: Herman’s Twitter: https://twitter.com/HermanNarula
MSquared Twitter: https://twitter.com/MSquared_io ------ Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.
Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets.
