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Making Markets

Herman Narula: Enabling the Metaverse - [Making Markets, EP.41]

Aug 9, 2024
49:18
Snipd AI
Herman Narula, CEO of Improbable, is on a mission to create an open metaverse. He discusses the technological frameworks required for this ambitious project and the vital role of blockchain in gaming. The conversation touches on tackling AI regulation, challenges in the gaming industry, and innovative economic models that empower developers. Narula emphasizes the need for ethical practices in crypto gaming and advocates for a democratically governed metaverse where creativity thrives.
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Podcast summary created with Snipd AI

Quick takeaways

  • Herman Narula emphasizes that the metaverse transcends entertainment, representing a profound extension of human social interactions into digital domains.
  • Improbable's innovative venture builder model enables collaboration among game developers, fostering a cooperative ecosystem that reduces costs and promotes shared value creation.

Deep dives

Improbable's Unique Position in the Market

Improbable stands out in the competitive landscape of technology companies, having achieved profitability and significant cash reserves. This financial stability enables the company to explore its venture builder model to support other entrepreneurs. Improbable has successfully handled an astonishing volume of messages—around 20 billion per second—which underscores its technical prowess compared to competitors like GANAS Strike, which only manages about 10,000 messages per second. The company has also operated over 50 public experiences, including engaging events like Major League Baseball matches and K-pop album launch parties, demonstrating its ability to thrive and innovate in various sectors.

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