Unchained Is the Metaverse Already Here? Two Experts Disagree - Ep.282
Oct 19, 2021
Andrew Steinwold, a crypto asset expert, and John Egan, CEO focusing on digital markets, share insights on the metaverse and NFTs. They debate its definition and the implications of blockchain technology. John expresses skepticism about Facebook's foray into the metaverse, while Andrew highlights the potential of multiple blockchain-based metaverses. They explore economic opportunities like play-to-earn models and the challenges of online identity in this evolving landscape. Their predictions on the metaverse's trajectory over the next year are equally provocative.
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Metaverse: Enabled by NFTs
- The metaverse is a virtual environment for living, working, and playing, enabled by NFTs.
- NFTs provide property rights, crucial for user investment and a shift towards value-additive experiences.
Metaverse: Aspirational vs. Current
- The metaverse doesn't yet exist, it's an aspirational concept.
- True metaverses necessitate immersion, achievable through VR/AR or digi-physical interaction.
Second Life: A Metaverse Precursor
- Second Life is a prime example of a metaverse precursor, showcasing virtual living and entrepreneurship.
- It demonstrates the potential for income generation and full-fledged virtual lives, though centralized.
