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Consequently, products for those invested in the future of the metaverse will become increasingly popular (VR hoverboards, digital sneakers, and more) as non-gaming platforms adopt the infrastructure of games, from identity to narrative to game-based mechanisms for achieving social status.

Most of today’s consumer tech giants monetize through ads: Facebook, Google, Twitter, Snap, YouTube. Virtual worlds are the next generation of consumer tech, and they’ll monetize through commerce—through virtual economies and marketplaces.

The Metaverse, in contrast, is not about eating the world; it’s about creating an entirely new one, from entertainment to community to money to identity. If Elon Musk wants to go to the moon, Mark Zuckerberg wants to create entirely new moons in digital space. This is a place where LLCs make no sense, where regulations are an after-thought, easily ... See more

Warzel: Something I’ve found kind of crushing is the lack of imagination from companies and actors in this space. You can literally build any possible vision of the future you want, detached from the laws of physics and reality, and you have Meta and others saying, Let’s do virtual meetings! You have people focused on trying to parcel up metav... See more

He offers a hopeful look at the promise of metaverse communities but also pulls no punches talking about the ways in which craven actors threaten to bring the whole experiment down.

Now that digital ownership is exploding by way of NFTs, people are seeing bigger financial and status opportunities online than offline. This is the biggest catalyst for living online we’ve seen to date. Individuals are building status and identity in the virtual world the way that they do in the physical world. Why own a Gucci bag to impress a few... See more