The Metaverse Explained Part 3: Economics | Loup - Deepstash
Metaverse

Learn more about technologyandthefuture with this collection

Find out the challenges it poses

Learn about the potential impact on society

Understanding the concept of Metaverse

Metaverse

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The Metaverse Economy

The Metaverse Economy

The Metaverse is a virtual universe where you can do anything, be anyone, or go anywhere. You can inhabit new "earths" that are not bound by physics laws.

The Metaverse initiates two major disruptions in:

  • The physical world
  • The internet

The economic implications of this combination could give huge opportunities that could drive growth in the real world.

30

680 reads

The New World

The New World

The Metaverse will be a network of worlds with different things to offer and different levels of popularity.

The way to monetise traffic in the Metaverse is similar to the ways governments and shopping malls generate revenue. Developers of top locations in the Metaverse will be compensated for their efforts. The competition for capturing valued in the Metaverse will result in the same capitalistic forces of modern history.

22

622 reads

The New Internet

The New Internet

The Metaverse is the successor to the internet, and all the worlds in the Metaverse are equivalent to the internet's websites. We can now visualise and experience what the worldwide web can offer in a 3D user interface.

This new interface will reveal new opportunities for existing websites to reinvent their user experience. For example, instead of looking at some photos and reviews on a webpage, you would be able to touch and test out the digital version of an object.

26

537 reads

High Fidelity Case Study

High Fidelity Case Study

High Fidelity is an existing social virtual reality company and is a good example of how the building blocks of the Metaverse and its economy are put in place.

High Fidelity Metaverse gives open source tools to build anything you can dream of, like avatar clothing, items, and buildings. Creations are certified and recorded on the blockchain, then made available for purchase using High Fidelity Coin (HFC). The items you acquire or create within the game is linked to you, where you can bring your avatar from one world to another, including your skills, belongings, and appearances.

27

509 reads

Economic Impact

With an economic system in place, the Metaverse could drive significant growth in every industry. Wall Street analysts will be asking the CEO of major organisations what their Metaverse strategy is on earnings calls. Companies will have teams to advertise, sell, or build products in the Metaverse.

A new generation will be able to learn, make a living or build the next big company because of the economic structure provided by the Metaverse.

21

558 reads

CURATED BY

abigadanie

Engineer in electronics

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