Global Economy Creates Opportunity

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The play-to-earn model illustrates how individuals in emerging markets, like the Philippines, can leverage global economic opportunities to achieve salaries that exceed local standards. Earning $50 a month may signify a full-time job in such regions, while players in wealthier countries are willing to invest capital to save time within games. This model not only provides financial gain but also fosters social value. As global economic dynamics evolve, individuals will naturally pursue roles that offer more than their local economies, promoting wealth redistribution over time. Acknowledging that change will not be instantaneous is essential; sustained mechanisms must be established to empower these individuals, paving the way for a more equitable world in the long term.

Episode 17: How will Extended Reality (XR) transform the global job market and our daily lives? Nathan Lands (https://x.com/NathanLands) and Matt Wolfe (https://x.com/mreflow) are joined by Alvin Graylin (https://x.com/AGraylin), the Global VP of Corporate Development for HTC and and bestselling author of “Our Next Reality”.

In this episode, Alvin Graylin delves into the critical intersections of AI and XR technology, the evolving metaverse ecosystem, and its potential to reshape job opportunities. He explores the role of advanced AR glasses in bridging economic disparities, the impact of a universal basic income on societies, and the future of personalized education in virtual environments. The discussion also touches on Alvin's book "Our Next Reality" and the implications of AI-driven transformations in global industries.

Check out The Next Wave YouTube Channel if you want to see Matt and Nathan on screen: https://lnk.to/thenextwavepd

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Show Notes:

(00:00) Value of large network of interconnected worlds.
(03:47) Transition to 3D space for collaboration.
(06:54) Virtual space offers freedom to focus, connect.
(12:51) Future metaverse allows real interaction, faster learning.
(15:37) MIT and UCSD collaborate with remote robot workers.
(19:50) Internet infrastructure will shape future metaverse success.
(21:13) Anonymity impacts behavior in digital and physical worlds.
(24:30) Growing digital economy presents governance challenges.
(28:02) Digital banking, trade, and immersive AI impact.
(33:08) US-China rivalry in AI calls for cooperation.
(37:06) Virtual world jobs create new educational opportunities.
(40:01) Over decades, catalyst for social change discussed.
(43:37) VR/AR gaming more addictive than traditional 2D.
(44:35) Encourage progress, use policies to mitigate addiction.

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Mentions:

Alvin Graylin: https://ournextreality.com/author
“Our Next Reality” https://ournextreality.com/
HTC: https://www.htc.com/
Universal basic income: https://en.wikipedia.org/wiki/Universal_basic_income

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Check Out Matt’s Stuff:

• Future Tools - https://futuretools.beehiiv.com/

• Blog - https://www.mattwolfe.com/

• YouTube- https://www.youtube.com/@mreflow

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Check Out Nathan's Stuff:

Newsletter: https://news.lore.com/
Blog - https://lore.com/

The Next Wave is a HubSpot Original Podcast // Brought to you by The HubSpot Podcast Network // Production by Darren Clarke // Editing by Ezra Bakker Trupiano