The Very Real Metaverse Horizon - Beyond the Storm of Emerging Sector Corrections
Metaverse is one of the forward-looking opportunities on the #web3 horizon, however it is important to remember that "the metaverse" is a single component alongside #cryptocurrency #blockchain and #nfts to collectively make up the digital landscape that is Web3. Eventually, the #metaverse will be what consumers interact with by way of frictionless and interactive environments encompassing the other components, thus becoming synonymous with Web3. All four of these technologies, however, are the tools that need to be applied to the Web2 infrastructure of today in order to usher in the evolution of global connectivity. The driving factors of change, the need for decentralization and self-custody, have become evident over the past ten years as a handful of tech oligarchs have gobbled up all innovation and secured dominance in their part of the tech stack that we as consumers use every day. Decentralizing our internet’s infrastructure away from this model is necessary to secure global connectivity. 亚马逊 went offline in 2021 and took a third of the internet with it. Self-custody of data is another necessity as we have watched countless hacks of all kinds exposing sensitive personal data to anyone in the world that wants it. Ill got or most often acquired via predatory data collection practices, companies pay millions of dollars for personal data. This has allowed the large tech firms of today to turn everyone that uses the internet into pro bono farmers of the most valuable commodity available in a digital age, data. Web1 let you read data, Web2 let you read/write data, Web3 lets you read/write/own?your?data.
Down the roadmap of Web3 mass-adoption, the metaverse will eventually become synonymous with Web3 because it will be the interface?or “front end�of the #techstack the public directly interacts with and will see every day.?In a perfect world, or metaverse, all things are interoperable through smart contracts and data-based agreements between P2P, B2B, and B2C to perform digital transactions. Major tech companies see the tectonic plates shifting in their industry and are trying to position themselves to maintain dominance/relevance in a Web3 world. It is great to secure a network in the background, thank you IBM , but consumers don’t necessarily know it’s you. This is where “owning†the metaverse or at least the program that billions of consumers are using to interact with one another around the world becomes the holy grail... but is this a true metaverse??
This emerging market requires critical business and internet infrastructure pivots, data and currencies evolution, and consumer conditioning. Because of this, attempting to define or diagnose the metaverse potential by first movers like Facebook's "Meta" ( Meta ) or the “SandBox†( The Sandbox ) metaverse, is both inaccurate and too early.?The true meaning of "metaverse" would be one interoperable digital space that offers options to the end user. Let the consumer decide where to flex their power. Think of it like our solar system. Major tech firms are all trying to build the sun (unlimited power) and have the future internet revolve around them but instead they will wind up building planets in the solar system. The sun, in this scenario, will be the collection of global consumers creating hordes of personal data all owned personally, the power of the sun. Having ownership of your data allows you to decide who to share it with. The economy used to work this way as well until it became a collection of digital walled gardens that we all rely on. Web3 is breaking through walls?and any “downturn†or “poorly executed†product should be seen as a natural progression of new industry and early mover #innovation that will pave the way to the future metaverse.