Metaverse Summit Blogs

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Announcement Metaverse Blog

Metaverse Startup Awards Received 150 Candidates, With Top-Tier Investors as Mentors And Judges

June 14th 2022, Paris – The Global Metaverse Startup Competition is a contest and advisory program to showcase the next generation of Metaverse builders and entrepreneurs. It is a chance for investors to get together and pitch high-potential metaverse projects. The startup pitch, judging, and mentorship session will be open to investors who have purchased a Metaverse Summit Investor Pass.

 

Explore and Build the Future

The Metaverse Summit will bring people together to discover and shape the future of Metaverse. Builders, entrepreneurs, investors, and experts from 3D, VR, AR, Web3, and beyond will attend the summit. We believe that the most autonomous way to develop Metaverse’s decentralized, fertile future is to share and transmit knowledge.

The two-day event includes various activities, such as talks and workshops from top business owners and experts. Companies, startups, and projects will be showcased in the exhibition hall, providing an opportunity to connect and find business opportunities.

 

Investors will be able to meet the winners of the Metaverse Startup Competition, providing an opportunity to learn about metaverse-related innovators and talents. We have a dedicated networking area during the conference. An exclusive party will be held for the speakers, sponsors, and VIP ticket holders.

 

Working On Metaverse Startup Awards

Metaverse Summit invites you to submit your startup and project. The startup will be rated anonymously by a board of jury composed of leading investors, protocols, and OGs to select the best winning initiatives and startups.

The winning projects will present their startups during the “Metaverse Pitch Day” section during the event. Having won, startups will be given a booth, a speaking slot, and the opportunity to pitch for funding. At Metaverse Summit in Paris, there will be a Metaverse Pitch Day for startups. It is the best time to reveal your Metaverse project.

International Impact and Importance

It is important on an international level due to the following features:

·      Users and companies can explore, generate, socialize, and actively engage in much knowledge in UGC-focused social environments.

·      Digital ownership relates to user information and individuality and how to generate, store, sell, defend, and handle digital assets such as digital products and currencies.

·      Continual, real-time links in integrated virtual and often three-dimensional simulation studies and surroundings, as well as the technologies used to access and interact with the Metaverse.

·      Print and virtual co-exist and exchange messages, including VR, AR, and all formats of virtual worlds, to create new surroundings and visualizations.

The first Metaverse Summit, a two-day virtual event exploring the next wave of Web3, is now open for registration. Hear from opinion makers, disruptors, and industry leaders pushing the limits of the modern electronic landscape.

Attendees will be able to engage with and gain knowledge from some of the most famous figures and gamers in the Metaverse space at the summit. This summit is among the first of its kind. It will highlight in-depth conversations on the founding which is being produced today for the Metaverse of the future, from talks on playing games and virtual identities in the virtual world to discussions on using blockchain technology, AR, 3D, VR, art, layout, and architectural style to produce unrivaled experiences in the Metaverse.

 

 

 

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Announcement Metaverse Blog

Paris Aims to Become The Web3 Capital With The Inauguration Of Metaverse Summit 2022

June 12th 2022, Paris – The Metaverse Summit is an international convention that celebrates Metaverse’s novel technology and creativity. The Metaverse Summit brings together world-class business owners, developers, shareholders and experts to discuss and collaborate on the future of the Metaverse.

Metaverse Summit’s core belief is explicit knowledge and communication, which is the most independent opportunity to develop a future decentralized and fruitful metaverse. Metaverse Summit help individuals and enterprises define their strategy and investment plans in advancing technology to close the gap between Web 2 and Web 3.

The Metaverse has gained considerable momentum in recent years, and is set to continue to grow in the years to come and beyond. We are here to help various industrial organizations grow, to help brands, startups and businesses find their meta-site and strategic plan. ” The two-day event, which will take place in Paris on July 16-17, 2022, will be a unique occasion for the international community to come together, discover new synergies, and accomplish goals.

Metaverse Summit will provide a distinct space for beginners and adults to learn from experienced experts and foster the interconnection within technology, imagination and art, with revelation and training, both of which are emphasized at the summit. The event will bring together businesses and brands, designers, business owners, gamers, creators, and shareholders which will allow unmatched professional networking and a better understanding of initiatives, businesses, and talents that support Metaverse’s growth and business opportunities.

In a conversation, French President Emmanuel Macron affirmed that cultural institutions in France should develop an NFT policy and support Web3 innovation. He also mentioned that Metaverse and Web3 could be helpful in the promotion of cultural and creative content.

Web3 is at the same time a need and a potential.” In an interview with Big Whale, a local news outlet, Macron stated that the Metaverse could have been used to scale up cultural endeavors. He described digital innovations as revolutionary and discussed the potential benefits of such a revolution.

Macron also said that the cultural diversity of France, including language, landmarks and cities, provides a vision for creating a Metaverse lifestyle. He considers that transmitting this cultural accumulation to the virtual universes is like “writing the digital history of France.” In addition, he stated that key French cultural organizations should develop NFT policies and support players. Macron added that Web3 has great potential and Paris aims to become the Web3 Capital. We at the Metaverse summit will help Paris to take one step forward to its dream of becoming the Metaverse capital.



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Announcement Metaverse Blog

Project Seed: The First Full stack Solana Gaming Ecosystem Adjoins Metaverse Summit 2022 in Paris.

 

 

Project Seed: The First Full stack Solana Gaming Ecosystem Adjoins Metaverse Summit 2022 in Paris.

Project seed is a full stack Solana gaming ecosystem developed with the aim of revolutionizing the mobile gaming industry to a whole new level by implementing blockchain technology and introducing a system where users can earn by doing what they love to do best which is gaming.

Project Seed kick started with an Action Role Playing Game (ARPG) where the players fight their way to uncover the truth about the keepers of existence and the mystical beings whose miracle can deliver the world from extinction. Project Seed also provide variety of outstanding character, I bet that sounds like something you want to try.

Project seed was developed by a crypto enthusiast, in person of Liko Subakti who is the Chief Executive Officer and Co- founder of this amazing gaming metaverse known as Project Seed, a gameFi metaverse Ecosystem built on an AAA game studio with the very high level of development and promotion. Project seed game quality cannot be overemphasized and cannot but be a top selling game. Liko subakti has been in the crypto space since 2017 and was able to develop J8 venture, a platform that incubates and advises blockchain and traditional startups.

Project Seed is joining one of the largest convention in the world in Paris by July, 2022. Metaverse summit is an international convention organized to celebrate technology and creativity around the metaverse.  Metaverse summit will gather builders investors, and experts from 3D, VFXGaming VR and beyond in other to share knowledge in the sustainable way to develop the decentralized fertile future of Metaverse.

With over 100 speakers that will be participating in this convention, Liko Subakti of Project SEED is privileged to be among them and will be teaching thousands of people on the future of blockchain gaming and its effects on the metaverse. 

For more information on how to get the ticket for the convention, follow metaverse-summit.org 

 

 

 

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Announcement Metaverse Blog

Metaverse Summit in Decentraland: Collaboration with RLTY for in-Metaverse Event

Metaverse Summit is in Decentraland! 

Metaverse Summit is collaborating with RLTY, the Metaverse Event Company. Their mission is to provide easy-to-use tools for event creators to launch virtual events in a few clicks on any major Metaverse platform (e.g. Decentraland, The Sandbox and many more to come!). RLTY and Metaverse Summit Paris are creating a Decentraland experience on 16-17 July 2022: come listen to the conference, network and learn in an exceptional virtual venue. There will be POAPs & merch distributed to the attendees, as well as an NFT Art Gallery, virtual booths, a rooftop bar and more! 

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What to expect our in-Metaverse experience from our partner RLTY?

1. A virtual building fully customized for Metaverse Summit on an RLTY land;

2. Dedicated Metaverse Summit Landing Page

3. Welcome Area with Reception deck (custom messages) & Networking Areas

4. POAP Distributor for Attendees

5. A Sponsor Room with Virtual Booths for Exhibitors

6. A Conference Live Stream Room (broadcasting the Main Stage live)

7. An NFT Art Gallery curated by Metaverse Summit

8. Event Wearables & Merchandising Metaverse Stores

9. Rooftop Bar with Entertainment

10. Marketing Support across all RLTY

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Announcement Metaverse Blog

Blockchain Game Alliance joins Metaverse Summit to Showcase the Best Innovation in Gaming & Blockchain

Metaverse Summit is honored to present Blockchain Game Alliance

BGA’s goal is to spread awareness about blockchain technologies and encourage adoption through the use of NFTs, Play-to-Earn, highlighting their potential to foster new ways to create, publish, play, and build strong communities around games.

The Blockchain Game Alliance is an organization committed to promoting blockchain within the game industry.

Their goal is to spread awareness about blockchain technologies and encourage adoption by highlighting their potential to foster new ways to create, publish, play, and build strong communities around games.

The BGA also provides an open forum for individuals and companies to share knowledge and collaborate, create common standards, establish best practices, and network.

How Blockchain Collectibles Can Transform Game Monetization & Promotion

Virtual items have had perceived value pretty much ever since gaming went online and gamers could see what virtual “stuff” they had compared with other players.

With the emergence of blockchain technology, virtual items like rare game assets have had their value proposition drastically increased when they are created on the blockchain as non-fungible tokens (aka NFTs).

Core Properties of Blockchain

Properties bestowed by blockchain will revolutionize the monetization and promotion potential of game assets.

What are these properties, and how can they benefit game items, gamers, and game developers?

Transparency; Immutability; Security; and Decentralization.

That might sound like a game of buzzword bingo, but each of these core aspects of blockchain benefits game items — and the gamers who own them — in unique ways.


Transparency

Scarcity has always been a function of calculating the value of anything; it’s one of the fundamental principles of supply and demand.

With blockchain, because assets are created on a distributed public database, the supply (and ownership) can always be openly and transparently tracked.

If rarity of a certain asset is claimed, it can easily be investigated and confirmed via a blockchain explorer like Etherscan or EnjinX.


Immutability

History and provenance have likewise long been a criteria in determining what an item is worth, and blockchain adds this to the digital world.

The Ethereum blockchain cannot be tampered with, as its records have to be confirmed by a vast decentralized network of independent computers.

Thus, each tokenized asset has a trackable history and can gain value from factors like prominent owners, use in significant gaming events, and past purchase prices.


Security

It could be argued that because there are no single points of failure, Ethereum is the safest database in the world, covering the storage, transfer, and management of virtual assets.

If one game server goes down, you could lose anything — but that’s not the case when one computer on the blockchain drops out.


Decentralization

In the traditional system, gaming assets are stored on a centralized server owned by the game company.

They provide you access to your assets, rather than real ownership — and this access can be lost or revoked at any time for a variety of reasons.

With blockchain, you own assets directly on your personal blockchain address. As long as you keep the private keys required to transact from this address safe, nobody can take them away.

The best way to do this is by using a cryptocurrency wallet to act as an interface with your blockchain address. Metamask, Opera or the Enjin Wallet, for example, is optimized for blockchain gaming assets.


The Benefits of Ethereum

All of the above properties add value, but specific technological features of Ethereum help to provide even more value in monetization potential.

Game developers can use the smart contracts of cryptocurrencies and token standards like ERC-1155 (optimized for the creation of both fungible and non-fungible tokens) to change the way items generate revenue. These include:

Trading Fees: Developers can benefit from automatically receiving a portion of every asset sale/trade; for example, getting 5 Tokens when Player A sells to Player B, 5 Tokens when Player B sells it to Player C, and so forth.

Melt Fees: Developers can also benefit from automatically receiving a percentage of the cryptocurrency retrieved when an asset is melted (destroyed). For example, if a player melts an item backed by 50 Tokens, and the melt fee is 50%, the developer will receive 25 Tokens.

Asset Rentals: Going away on holiday? Stopped playing a specific game? Put your assets up for rent and have them automatically returned to you when the rental period is finished.

Transparency. Immutability. Security. Decentralization.

Four words that could well change the world of gaming forever and give game developers unimagined potential for monetization and promotion.

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Announcement Metaverse Blog

Unstoppable Domain : Building Decentralized Digital Identities for the Open Metaverse

 

Metaverse Summit is honored to present Unstoppable Domain – The #1 provider of NFT domains on the blockchain

Unstoppable Domains is on a mission to return the power of the internet to people. To accomplish this, we are creating NFT domains that put you back in control of your data. These aren’t just traditional domains, these are domains with superpowers.

 

NFT domain and decentralized digital identity for Metaverses
TLDR; NFT domains are domains that live on a public blockchain and give users complete ownership of their stored data. The main benefits to owning one are simplifying crypto transactions by replacing wallet addresses with the domain name and easily creating and hosting websites on web3.
If you haven’t heard yet, NFT domains are the newest kids on the block(chain) and they have the power to change what we know of as the internet today. But before we dive into all that goodness, let’s take a step back to run through what traditional domains are and define NFTs — that way, you can truly understand the superpowers behind NFT domains.
Typically, you interact with a traditional domain when you type the address (like Twitter.com) into your browser. But did you know traditional domains were originally built to do so much more on the internet? Think of functionalities like email and payments. Hard to believe, right?
But as we can see, traditional domains haven’t progressed much beyond displaying websites. This might be because traditional domains have been controlled by centralized servers since the internet was created. This made it much more difficult for developers to innovate on top of that technology.
Luckily for us, the tech that powers NFT domains (a.k.a. blockchains) opens up a whole new realm of possibilities for us on the web!
What is an NFT?
NFT (non-fungible token): a digital certificate of authenticity used to assign and verify ownership of a unique digital or physical asset. Unlike fungible tokens, NFTs are not interchangeable with one another.
Okay, so how does blockchain technology make these NFT domains so special?
Great question! NFT domains are essentially a suite of smart contracts, which is a fancy term to describe software written on a public blockchain. This means that instead of one company controlling your data online, the power is transferred back to you as the user. And by being built on blockchains, anyone can look at the data stored there, creating a level of ultimate openness and transparency. 
On top of that, there is the benefit of enhanced security — only you hold the power to make updates to your NFT domain, which minimizes worries about servers getting hacked or domains getting stolen.
All that to say, blockchain superpowers give everyone a safer way to surf the internet while also giving control back to you over what gets shared and where it gets shared.
Cool, I’m starting to get the power of blockchain but am still not 100% sure what I can DO with an NFT domain?
We were just about to get to that! To quickly summarize, here are your domain’s superpowers (with more exciting new features on the way):
Simplify crypto transactions by replacing all your complicated wallet addresses with your domain name as your username.
Use your domain to receive 275+ coins and tokens across multiple blockchain networks. 
Login to apps with your domain name as your universal web3 username.
Unlike traditional domains, fully own and control your domain. You buy it once, you own it for life!
Easily create and host websites, ranging from personal websites to NFT galleries. 

 

Why did we choose Unstoppable Domain?

 

Below are 5 reasons you need an Unstoppable Domain that range from the superpowers they provide compared to regular domains (such as also functioning as a wallet address) to the unique benefit of never having to pay renewal fees.

 

#1) Zero Renewal Fees

 

Unlike traditional .com domains, you fully own and control your Unstoppable Domain, so you never have to pay renewal fees. Ever. You buy it once, you own it for life!

 

#2) Seamless Crypto Payments

 

No longer fear your payments getting lost in the ether (pun intended). Instead of copy and pasting your wallet address (which is similar to a bank account number and can look like: 0xc6b0562605d35ee710138402b878ffe6f2e23807), use an Unstoppable Domain as your one-stop-shop username to store all of your wallet addresses for sending and receiving crypto. 

 

#3) Multi-Chain Compatibility

 

Your NFT domain comes with the superpower to receive over 275 supported coins and tokens, with many more on the way! Now you can navigate crypto transactions with ease, regardless of the blockchain network. Browse the complete list of supported cryptocurrencies here.

 

#4) Decentralized Websites

 

Want to create a website on the decentralized web? Create one in just a few clicks with our pre-made templates. Own any NFTs? Create a gallery-style website to show off your favorite collectibles as your collection grows. We’ll be adding more features and templates in the future, so stay tuned here.

 

#5) Own Your Identity on Web3

 

As the world shifts to web3, it’ll be more important than ever to own your part of the new internet. By owning an Unstoppable Domain, you’ll not only help progress the digital world, you’ll ensure your identity is secured for the next wave of technology.

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Announcement Metaverse Blog

LightHouse : Connecting the open metaverse

Come and experience the future of search engine with our sponsor Lighthouse! they are building the most extensive search engine of the spatial web to help onboard the next billion users to the open metaverse. #metaverse#web3#future

LightHouse: Connecting the open metaverse

Creators around the world are working day and night to build breathtaking experiences across the spatial web.

We are witnessing in real-time visionaries like The Sandbox, Decentraland, Somnium Space, Cryptovoxels, and many others lay the foundations upon which millions of users can unleash their creativity and rewrite the rules of what can be done online.

At Lighthouse, we define the open metaverse as the experience-centric web — a sharp contrast with the information-centric web we are all familiar with.

We see a near-term future where most social and commercial use cases of the web migrate to persistent, real-time, and interactive 3D digital spaces. In this future, the richness of experiences is unlike anything we’ve seen before, and navigating through it all is one of users’ biggest challenges.

This is where we come in.

OUR MISSION

We are building the most extensive search engine of the spatial web to help onboard the next billion users to the open  metaverse

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The pillars of navigation

Discovery

Lighthouse empowers users and creators to find one another. Our powerful navigation platform allows users to search for items across and within worlds – significantly facilitating discovery and unifying cross-world search capabilities.

We also understand that the metaverse is meant to be a profoundly social place. By enabling the creation of friend groups, we empower users to navigate the open metaverse in tribes and make exploration an intrinsically social experience.

Our real-time, rich and intuitive search capabilities are achieved through direct data integrations with the worlds we partner with. We aim to one day be the decentralized connecting layer unifying the dots across the entire Web3 ecosystem.

Mobility

We see a near future where landing places increasingly replace landing pages. In this future, navigating across spaces is as frictionless as using hyperlinks to navigate across web pages today.

Lighthouse intends on being the gateway for these bridges between worlds, regardless of the ecosystem on which they are built – opening up a new primitive for mobility in Web3.

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Announcement Metaverse Blog

OVER the REALITY: The Future AR Metaverse is Here

 

OVER is the decentralized infrastructure for the AR Metaverse, merging the physical and virtual world through Augmented Reality, creating a new dimension where everything is possible.

Our decentralized digital layer enables OVER users to create never-before-seen geolocalized experiences. Now, it’s your turn to stake a claim.

 

The Future AR Metaverse is Here
Become an nFT Landowner
Stake your claim in the OVER ecosystem by buying, selling, or renting OVRLands. Content creators who contribute to the metaverse can unlock exciting new opportunities to build and launch their own AR experiences
DISCOVER MARKETS
Jump into the AR Metaverse
All you need to do is create your unique, personal avatar, and you’re ready to join the AR Metaverse! User-generated experiences allow for endless exploration and opportunities to meet new people. Avatars are created using the OVER App, so get yours now.

 

THE BUILDING BLOCKS of the AR Metaverse
OVER is building the Metaverse and making it accessible for anyone, from anywhere.
Thanks to the SDK, builders can use an expressive tool to connect 3D assets, experiences, and play-to-earn games to the spatial domains defined by OVRLands and mapped with OVRLand Mapping.

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Metaverse News

METAVERSE NEWS : Niantic partners to build a real-world metaverse

Niantic, the technology company behind Pokemon Go, is partnering with UK-based digital technology authority Digital Catapult to develop a ‘real-world metaverse’.

The Niantic Lightship Augmented Reality Accelerator will provide UK entrepreneurs the opportunity to engage with Cartoon Network and globally renowned choreographer Wayne McGregor to create immersive experiences.

The program will look at how augmented reality technology might shape the real-world metaverse, transforming it into the next platform for social interactions, improving human experiences, and bringing people closer together. Moreover, Niantic just released the Lightship Augmented Developer Kit, which seeks to make creating AR experiences easier for developers.

Three startups are set to be awarded up to £100,000 each to develop a demonstrator of a socially engaging AR experience using the platform

“We’ve always been devoted at Studio Wayne McGregor to investigating the ever-inspiring interplay between new technology and human performance – propelled by physical intelligence,” Wayne McGregor CBE remarked.

“This one-of-a-kind cooperation with Niantic and Digital Catapult enables us to dream larger and go deeper into our expanding metaverse(s), envisioning a new sort of shared creative experience that frees the imagination.”

“We know that really connecting with movement allows us to have a deeper knowledge of what it is to be human and our role in the world. This initiative gives everyone the tools they need to tap into their inner creativity, engage with others in creative ways, and explore their bodies and the environments they occupy in new and unlimited ways.”

In addition, Digital Catapult has the most reach into the immersive ecosystem of any UK organization: its flagship immersive accelerator, CreativeXR, received 750 applications last year.

“The UK has unique strength in the large number of creative studios and businesses that have emerged from sectors such as games, TV, film, vfx, theatre, and music and are now leveraging AR & VR technology to explore the creation of entirely new kinds of immersive experience,” said Jeremy Silver, CEO of Digital Catapult.

“Digital Catapult is delighted to be collaborating with Niantic to drive early adopters and open up this new field of cultural and commercial opportunity as one of the world’s leading businesses at the forefront of enabling the growth of augmented reality as a platform for new products and services.”

Categories
Announcement Metaverse News

Metaverse Summit and Paris NFT Day Partnership Highlighting Avant-garde Innovation around Metaverse

PARIS, 31 March 2022 8AM EST. Metaverse Summit and Paris NFT Day announced a partnership focused on showcasing the expanding ecosystem at the intersection of Blockchain and Metaverse, with an initiative that supports the development, growth and launch of next-generation metaverse projects. As part of this engagement, Metaverse Summit will become a programming member of the Paris NFT Day, with representatives participating in curation and programmation during Paris NFT Day, as well as leading industry-specific insights. 

“Through this initiative, Metaverse Summit and the Paris NFT Day are forming a deep collaborative partnership, which recognizes the value proposition Metaverse Summit presents for the blockchain industry.” said Yingzi Yuan, Founder of the Metaverse Summit. 

“NFTs and metaverses are closely intricated to create the worlds of tomorrow, given that statement, Paris NFT Day and Metaverse Summit are glad to partner together to showcase the possibilities of the future digital worlds.” said Emmanuel Fenet, CEO of Chain Of Events.

About Metaverse Summit

Metaverse Summit gathers entrepreneurs, builders, investors and experts to explore and build the future of metaverse together.  Metaverse Summit is set to explore and build the future of metaverse together. It gathers builders, entrepreneurs, investors and experts from Blockchain, 3D Creation, Virtual Worlds, Social and Digital Identity, Gaming, VR/AR, Web3 and beyond. The 2-days event during 16-17 July is a unique moment for the international community to meet in person, create new synergies, and develop projects. We believe that sharing and transmitting knowledge is the most sustainable way to develop the decentralized, fertile future of Metaverse. To learn more, please visit: www.metaverse-summit.org.

About Paris NFT Day

The shift from web2 to web3 is becoming clearer with NFTs allowing creators to unleash their creativity, coming up with disruptive business ideas. Paris NFT Day will gather the biggest players in metaverse, security, art, luxury, gaming, and sports to unveil the true potential of NFTs and how they will remodel tomorrow’s business paradigms. Paris NFT Day is more than a conference, it is a life-size experience allowing total immersion in the web3 universe. More information at https://www.nftday.paris/

PR Contacts:

media@metaverse-summit.org

arnaud@chainof.events

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Announcement Metaverse Blog

Metaverse Summit Set to Become World’s Largest Metaverse Convention

Metaverse Summit, International Convention Highlighting Avant-garde Innovation and Creativity around Metaverse

Paris, France — March 31st, 2022. Metaverse Summit has announced its official event dates for its 2022 edition during July 16-17th.

Metaverse Summit is an International Convention Celebrating Technology and Creativity around Metaverse. Metaverse Summit gathers leading metaverse entrepreneurs, builders, investors and experts to explore and build the future of metaverse together. 

Metaverse Summit community’s core value is through sharing and transmitting knowledge, which is the most sustainable way to develop a decentralized and fertile future of metaverse. Metaverse Summit is aiming to build a bridge between Web 2 and Web 3, and help individuals and companies to define their positioning and strategy in the future of technology.

Since its creation, Metaverse Summit has gathered more than 10 000 community members from across the world, with events being held in Paris, Madrid, Barcelona, Denver, Dubai, Shanghai, Los Angeles and more to come. 

Yingzi Yuan, Founder of Metaverse Summit commented: “We are honored to host the world’s biggest Metaverse convention and festival in Paris, featuring key speakers, media attendees and partners. Metaverse gained tremendous traction during the past years, and are expected to see continuous growth in the upcoming years and beyond. We are here to facilitate the growth of different stakeholders in the industry, to help brands, startups, corporates find their place and strategy regarding metaverse.”

Metaverse Summit’s flagship event this year is a two-day festival during 16-17 July 2022 in Paris. The two day event will be a unique moment for the international community to meet in person, discover new synergies, and develop projects. With discovery and education highlighted as two goals, Metaverse Summit will provide a dedicated space for novices and veterans alike to learn from seasoned experts and foster connections within the worlds of technology, creativity and art. Bringing together enterprise and brands, developers, entrepreneurs, gamers, artists, investors, the event will enable unparalleled networking opportunities, providing greater insight into the projects, companies and talents that underpin the growth of the metaverse and its business opportunities. 

Metaverse Summit will launch NFT ticketing, building the world’s biggest Metaverse DAO and community. “Through NFT ticketing, we aim to consolidate the community of high-profile and highly engaged builders, investors, experts, leveraging the utility NFT to allow community members to participate in our future exclusive events, masterclass, workshops, and even early-stage investment opportunity in the metaverse sector.” said Yingzi Yuan, Founder of Metaverse Summit.

Presenting a complete mapping of the metaverse sector across Technology, culture, social and entertainment, Metaverse Summit includes four main tracks for its conference, exhibition and showcase: 

  • SOCIAL & DIGITAL IDENTITY: Explore creator economy based social worlds. Create, socialize, and participate in a wide variety of new experiences.
  • WEB3 & DECENTRALISATION: Get acquainted with new forms of ownership and how to create, store, sale, protect and manage metaverse assets.
  • GAMING & REAL-TIME 3D: Learn how to establish persistent, real-time connections in immersive digital and three-dimensional environments.
  • MIXED REALITY & VIRTUAL WORLD: Merge real and virtual worlds to produce new environments in real time. Explore AR, VR, and other formats.

More than 200 key industry leaders are confirmed to speak at the Metaverse Summit conference including Sébastien Borget, COO and Co-Founder of Sandbox and President of the Blockchain Game Alliance; Julien Bouteloup, Founder of Blackpool Finance, Stake DAO & Stake Capital; Alan Smithson from MetaVRse; Hrish Lotlikar, Co-Founder & CEO of SuperWorld; Marco Demiroz from The VR Fund etc. Yingzi Yuan, Founder at Metaverse Summit is available for interviews.

About Metaverse Summit

Metaverse Summit gathers entrepreneurs, builders, investors and experts to explore and build the future of metaverse together.  Metaverse Summit is set to explore and build the future of metaverse together. It gathers builders, entrepreneurs, investors and experts from Blockchain, 3D, real-time technology, fashion, art, virtual worlds, social and digital Iidentity, gaming, VR/AR, web3 and beyond. The 2-days event during July 16-17 2022 is a unique moment for the international community to meet in person, create new synergies, and develop projects. We believe that sharing and transmitting knowledge is the most sustainable way to develop the decentralized, fertile future of Metaverse. To learn more, please visit: www.metaverse-summit.org.

Media Contact:

media@metaverse-summit.org

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Metaverse Blog Metaverse Masterclass

[Metaverse Masterclass] Metaverse: the good, the bad and the ugly

Image by Nurudeen Alidu from Pixabay

This is an article by Loic bardon, Chief Innovation & Marketing Officer, Founder PARIS SINGULARITY, originally published here.

When he presented his strategic vision for the future of Facebook (now Meta) Mark Zuckerberg threw a stone in the pond, or rather a tree in the forest. For those familiar with the Gartner hype cycle, Mark Zuckerberg may have pushed the Metaverse concept to the “peak of inflated expectations” phase. Since then, not a day goes by without discovering articles, a newsletter, an interview, Twitter threads, influencers posts, startups, conferences, Discord groups… throwing themselves at this topic like the next cake everyone wants a piece of.

The advent of a new story is never trivial, as Yuval Harari explains. The strength of Sapiens, our strength compared to other species, is our ability to collaborate on a very large scale: by the hundreds, by the thousands, by the millions and now by the billions. What makes this cooperation possible? Our ability to create and believe in intangible, fictitious entities, like countries or companies for example. As far as we know, Homo Sapiens seem to be the only species able to create a story about entities that cannot be seen, touched or felt.

Any group, regardless of its size, that believes in the same fiction shares the same rules and norms to overcome the same problems. Thus, when we collectively decide to change a story we relatively quickly transform behaviors. As we have done with slavery, monarchy, the place of women in society, capitalism, etc.

Actually, the birth of the first static version of the web, on Tuesday March 12, 1989, marks the beginning of a new story that transformed our relationship to time and space. Since then, social interactions, whatever their nature, are constantly increasing in number and frequency. No other species is capable of “connecting” 7.5 billion people.

The Internet IS this story.

And the first lines of a new chapter are being written through the concept of Metaverse for good, for bad and for ugly.

Image by David Mark from Pixabay

There is no consensus about what the Metaverse is

What the etymology tells us

The term “Metaverse” is a contraction of the Greek prefix meta and the Latin universum.

Let’s start with Meta. It means: among other things, change, going beyond.

Universum is itself composed of uni (“one”) and versum (“to turn”). Universum, or “united towards” represents both “all together” and “towards a common goal”.

Thus, the Metaverse could be defined as a common direction towards which we will move together, the characteristic of which would be that it transforms.

Simply put, it would be a matter of moving towards something that transforms.

What could be more difficult than defining something that transforms, a complex hyperobject in constant evolution, the result of an organic and chaotic process?

Why don’t we start by saying what the Metaverse is not?

What the Metaverse is not

Metaverse is not a revolution.

Actually, the history of technology shows that there is never a breakthrough. The perception of a technological revolution implies the convergence of many underlying and prior technological changes.

If for many the iPhone embodies the beginnings of the mobile Internet, this is because they did not perceive that all the necessary technological bricks were becoming mature enough. The iPhone arrived 10 years after the first BlackBerry, 8 years after the emergence of the Wireless Application Protocol (behind the first mobile sites), almost 20 years after the deployment of 2G and 34 years after the first cell phone call…

The Metaverse is not virtual reality. Just as the mobile Internet is not just an application.

The Metaverse is not a virtual mode either. Just as Facebook is not the Internet today.

The Metaverse is not a video game. Video Games like Fortnite offer a non-persistent experience and limit the number of participants (1 million simultaneous users of Fortnite are in over 100,000 separate simulations).

Finally, the Metaverse is also not a collection of technology tools like Unreal, Unity, WebXR or WebGPU.

The Metaverse is a new experience whose potential is just beginning to be explored. It could be something incredibly positive, destructive, or something in between. As was nuclear power in its time. After about 40 years of work and the discovery of the large amount of energy that fission could produce, the first application was not a power plant but a bomb.

We are building the invisible part of the Metaverse.

Each layer has some good, some bad and some ugly.

THE GOOD

Image by Devanath from Pixabay

The current “techlash” is an opportunity

If technologies are the “what”, humans are the “how”.

The Metaverse, in the right hands, could become a tool for a more equitable society. It could act as a mirror of humanity and shed light on dark areas, allowing us to correct the ills of our society through a feedback loop. Utopia you say? Yet, this is what we are currently experiencing through the problematic of the ethics of AI systems used by the web 2.0 giants.

The “techlash” continues to define the state of the technological world in 2021. Government leaders, who have traditionally been the gatekeepers of society’s protection from the effects of new innovations, are increasingly infuriated by the inability of traditional policies to keep up with the unprecedented speed and scale of change. Alerted by former actors of the attention economy like Tristan Harris, platforms that control Web2.0 are increasingly pressured to transform the systems they intend to rely on to build the Metaverse; whether by organizations like the US Federal Trade Commission or the CNIL (see Google Analytics). Increasing consumer demands and employee activism require more aggressive self-regulation.

This is why Twitter hired its biggest critics in 2020 to develop ethical AI. This is why Timnit Gebru (former Ms. Ethics Google) was “thanked” or why MIT researcher Joy Buolamwini’s remarkable work on algorithmic bias was highlighted in the Netflix “Coded Bias” paper.

Twenty years of experience to capitalize on to moderate Metaverse platforms

The social architecture of the Metaverse and the design choices are still ahead of us.

Researchers and designers of virtual worlds are increasingly interested in more proactive methods of virtual governance to address virtual groping once they occur of course, but also discourage such acts while encouraging more positive behavior.

These designers are not starting entirely from scratch. Multiplayer digital games — which have a long history of managing large and sometimes toxic communities — offer critical lessons for fostering responsible and successful virtual reality shared spaces.

Since 2003, for example, millions of people have gathered to work, play, and socialize in Second Life. Users can even create their own digital content and trade goods and services in the world’s currency, the Linden Dollar. Second Life is 650 million US dollars a year in transactions and a million people use it but above all 20 years of experience in the 2D Metaverse. On this subject, the video game sector is clearly ahead.

The most common forms of governance (warning, suspension or even ban) are currently based on users reporting. Given the size of virtual communities, these processes are often automated via algorithms, which have both advantages and disadvantages. They are reactive, rather than proactive. Moreover, automation leads to problems of false positives and negatives, or even algorithmic discrimination.

What about the self-governance practiced in the multiplayer game “League of Legends” for example that is a tribunal system? Due to lack of efficiency, this system was abandoned after a few years. However, it still exists under the name Overwatch in a game like “Dota 2” for example.

What about the Wikipedia moderation model ? Is it an ethical business model to ask voluntary members of the community to do difficult, time-consuming and laborious moderation work for free? “Wikipedia”, a non-profit organization, is not for everyone.

A multiplayer game like Everquest encouraged altruistic behavior by forcing players who died to return to the place where they died. In this way, players were implicitly but strongly encouraged to ask others for help in recovering lost items.

Couldn’t nudge, a concept theorized in the physical world, be integrated into the architecture of the Metaverse?

Image par Gerd Altmann de Pixabay

What if positive choices for the collective “paid off” more for the players? What if the Metaverse offered the possibility to monitor its “positive impact” score? What if the player was alerted when his score was below the average score to activate the social norm bias. Because if the underlying technologies have matured, so have the advances in the understanding of cognitive biases (which can be used to good effect)!

The Metaverse economy will benefit creators and “unbancarized” people

All the actors in the chain can also hope to get a piece of the pie and regain control provided that the Metaverse model is more decentralized than the social web is today.

For years, gamers have given video game giants like Sony, Nintendo, Microsoft, Ubisoft 175 billion dollars to play on a screen. They have seen the fruit of tens or even hundreds of hours of hard work to earn stars, pass a level, gain a power, and end up in the trash when the game is over.

But once again, video game players are ahead of the game.

In 2010, a nightclub in the Entropia Universe game was sold for $635,000. The virtual equivalent of Amsterdam was sold in Second Life for $50,000 in 2007. A 16-year-old won $3 million in prizes in the Fortnite World Cup.

Recently, Axie, which is at the forefront of this “GameFi” trend, has already generated over $2.5 billion in trading volume. About 35% of Axie Infinity traffic — and the biggest share of its 2.5 million daily active users — comes from the Philippines, where high proficiency in English, strong gaming culture and widespread smartphone usage have fueled its popularity. Axie has thus become the highest valued NFT collection to date.

Unlike the current buzz about “images” NFTs, gaming NFTs “act”, interact with other NFTs and can appreciate in value over time.

Imagine that you have earned KyratCoin by playing Far Cry 4 for a hundred hours. Because YOUR character, Ajay Ghale_xxx, is also an NFT, he is unique and impossible to duplicate. You own this character. Because you have played a hundred hours, your Ajay Ghale is better equipped, faster, better than those who have played only ten hours. Thus, you earn new KyratCoin faster the more you play. The value of your avatar is higher. You can sell your Ajay Ghale to another player if you want.If you’ve played well, your NFT is worth more than when you originally bought it. If you are not the only one in this case, then others have followed your example. As a result, KyratCoin has grown in value, and the Discord community has grown.

Some gamers currently consider that gaming NFTs is just a new way for gaming companies to earn more money. However, just take a look on Reddit and you’ll find people more or less officially selling characters they’ve raised in a game like World of Warcraft for example… Black market has existed for years. Axie’s NFTs are an interesting illustration to follow. Under the guise of the principle of scholarship, actors finance scholarships of sorts. They own NFTs which they “rent” to guilds they own. In a way, the players borrow the NFT and pay back this loan by giving up a part of the cryptocurrencies earned by playing the game.

Eventually, online and ephemeral experiences have also served to extract behavioral data, the same data used by tech giants to identify patterns and sell us products and services, the same data that made them become the biggest market capitalization in the space of a few decades…

THE BAD

Image par Devanath de Pixabay

Open source Metaverse could already be an utopia

After interest in these open source metaverses waned, the tech industry spent a decade obsessing over capturing our attention through free, addictive services from which it “indirectly” derives immense value. This is the internet that the metaverse has inherited.

In the early 90’s, when Neil Stephenson wrote his book “Snow Crash”, the Web was still a mess, each piece being connected only by the “magic” of servers. Novice developers build rudimentary Web sites using HTML and HTTP. Then, web browsers like Mosaic and Netscape were born to solve the problem of sorting and aggregating information.

The Metaverse, as described by Stephenson, is a three-dimensional digital street with virtual real estate, where users’ avatars can stroll, party and do business. The architecture and interoperability between all the players in this 3D cyberspace is managed by a company called Global Multimedia Protocol Group.

In the early 2000s, a flurry of open source Metaverse projects emerged to solve the problem of assembling virtual worlds. Unfortunately none of these projects ever took off.

By the mid-2000s, it became clear that the value was no longer in building individual websites but in creating information sorters, channels, aggregators and publishers — open enough to adapt to user-generated content, but closed enough to reap huge profits. Thus was born web2.0. For nearly 30 years, cyberspace has been in the hands of fewer and fewer technology giants. Promising new players emerge, compete with each other, are bought out and end up becoming real black holes called GAFA.

Is a story where giants like Microsoft, Facebook, Epic Games, Apple, Niantic, Nvidia, etc. decide to collaborate to build the metaverse under open source standards from which no one in particular would make billions really credible?

Why would they partner to create a metaverse when they have already spent decades and billions building their own?

If Big Tech’s growth goes on, there will be multiple Metaverse. Each will be interoperable within a proprietary and controlled ecosystem of a tech giant, in the same way that Apple is. Users like the homogeneity of Apple’s proprietary operating system, the ubiquity of iMessage. And Apple, presumably, likes the 30% commission it can charge developers who sell iOS apps through its App Store.

Who wants a metaverse built in the manner of Web 2.0?

New open source metaverse projects are trying to fight the inevitable to redistribute ownership of the Metaverse.

Play-to-earn may kill the core gameplay loop

Once again, the video game industry is ahead of the curve. Games have always been at the forefront of the notion of digital ownership.

The gaming platform Steam can be credited with standardizing the concept for games, and maybe for other media like movies.

Image par Gino Crescoli de Pixabay

Collecting items of randomized rarity and distribution is one of the main “loops” in many games. Usually the player kills a monster and then gets a better weapon, which allows him to kill a tougher monster, which allows him to get an even better weapon, etc. Moreover, collecting “skins” (i.e. different outfits/permutations of the game character) is one of the most common types of microtransactions in games.

NFTs are designed to dynamically adapt to various rare items with permanent, trackable, and open value. But the way NFTs are currently being discussed in games is in great danger of falling into the trap of killing the core gameplay loop by giving in to the sirens of quick financial gain.

This mechanism has already been tested to some extent. Developers of games with a “loot loop” have long had a problem with players being labeled as “farmers,” who acquire and accumulate game currency and items and sell them to players for real money, against the game’s terms of service. The solution was to set up “auction houses” where players could use real money to buy items from each other.

Unfortunately, this solution had an undesirable side effect. As noted by Jamie Madigan, a well-known game psychologist, our brains are designed to pay special attention to unexpected and beneficial rewards. While much of the joy in some games comes from an unexpected or random reward, easily acquiring a known reward via real money degrades the perception of the reward and thus some of the enjoyment of the game. This raises the question of the sustainability of the success of blockchain games like Axie Infinity.

It has indeed quickly generated enthusiasm around the concept of “playing to win”. Players can potentially earn real money by selling either resources or tokenized characters earned in a blockchain game environment. So what is the main driver for players? Do they care enough about the core of the game itself rather than the potential market value of NFTs or the potential to earn money while playing?

More fundamentally, if real gains are the goal, is this really a game or simply a gamified micro-economy, where “farming” as described above is not an illicit activity, but rather the basic mechanism of the game?

Thus blockchain games face several gameplay problems that fall under the psychology of games. Not solving them will probably prevent them from a massive adoption.

Games can be seen as the training wheels of the metaverse: the ways we communicate, navigate, and think about virtual spaces are all based on mechanisms and systems coming from games. Early adopters of a “metaverse” will be gamers who have honed these skills and feel comfortable in virtual environments.

Image par Okan Caliskan de Pixabay

Yet many brands and marketers who haven’t really done the work to understand games are trying to quickly seize an opportunity that probably won’t materialize for a long time.

Metaverse could be like web2.0… but even worse

A recent experiment at the University of California at Berkeley already shows that synthetic human faces have become so convincing that they fool even experienced observers

When you ask people to name main technologies of the metaverse, they usually name virtual reality headsets, blockchain or even 5G. But the underlying technology that will shape our experience is AI. Indeed, the metaverse will probably be filled with artificial agents controlled by AI that look and act like humans.

They have access to data about our personal interests and beliefs, habits and personality, while monitoring our emotional state by reading our facial expressions and vocal inflections. Actually, they will even have more information than in a web2.0 world to engage us in “conversational manipulation,” targeting us on behalf of paid advertisers without us realizing they are not real.

Since these AI agents will look like anyone in the metaverse, our natural skepticism about advertising won’t protect us.

And the UGLY

Iamge by shykhman from Pixabay

The Metaconomy (economy of the Metaverse) could be a trojan horse to implement a deeper surveillance system

When we make payments using bank accounts and credit cards, we make a deal: convenience in exchange for the fact that our transactions will be visible to the companies involved. Every transaction leaves a trail.

In China, the authorities have invented a concept of “controllable anonymity” for the digital yuan. If participants in transactions are anonymous to each other, the central bank can “un-anonymize”. Helping people who don’t have bank accounts “sounds like a very nice idea, but what if the end result is a system of monitored bank accounts? You can get very good privacy for digital payments, says Ari Juels, a cryptographer at Cornell University who has studied digital currency models for central banks. But it’s not clear how much privacy governments will allow and how much privacy compromises efficiency and security.

And unfortunately we don’t live in an altruistic world.

Investors and bankers deeply disagree about how cryptocurrencies will eventually take hold, but their extreme volatility makes them an increasingly important investment. While bitcoin, ethereum and other digital currencies are gaining acceptance on Wall Street, an ever-increasing number of new, untested currencies are endlessly emerging. Some of which are so dubious they are literally called “crap currencies”. With technical failures and sudden price swings, there’s no guarantee that these tokens can be converted to cash. And in the crypto-currency world, it’s also considered a rite of passage to be scammed at some point.

Ingenious players created a bank in EVE Online in 2009: the E-Bank. They created an account system similar to what already existed in real-world central banks. They made loans, paid interest, had a CEO, a board of directors and were extremely well organized. Then the CEO stole 200 billion ISK (EVE’s currency) and exchanged it for over 6,000 Australian dollars.

This may suit wealthy investors who can handle the risk, but could leave market players vulnerable, especially in developing countries.

Government-backed currencies still dominate the world today. If private digital currencies begin to compete with national currencies, it could make some of them more volatile. Almost 200 years ago, something quite similar happened in the United States. In 1830, 90 percent of the U.S. money supply consisted of privately held bank bills. When Facebook declared that we could buy Libra (a project that collapsed) using local currencies, the fear of the price volatility that private currencies caused in the United States in the 1830s resurfaced. At the time, the unpopularity of the system influenced the government’s decision, a few decades later, to replace it with a national banking system. Out of this chaos came the dollar and its domination. The value of a currency is stable as long as its issuer is credible. The political instability in Venezuela in recent years has contributed to the loss of value of its currency against the dollar. By analogy, if a large company were to issue its own cryptocurrency today but its business model declines, or if people begin to doubt the future viability of the company, then this would certainly impact people’s desire to hold this cryptocurrency.

So some countries, including China and Sweden, are testing versions of this state-owned cryptocurrency idea. The Bahamas has already launched a central bank digital currency, or CBDC, which they call the Sand Dollar. Nevertheless, there are still many details to be worked out.

Who oversees the digital currency?

How is it connected to private banks and payment services?

Which people will want to use it?

Image par Tamim Tarin de Pixabay

Another problem is that digital payments have a hard time staying private.

The Metaconomy is still quite useless and inaccessible to a large number of people

The NFT market volume is said to exceed $700 million, and OpenSea is headed for a $100 billion valuation in record time. Ethereum blockchain-based marketplaces seem to be emerging as a strategic infrastructure that will support metaverse economies, but for now, NFTs are missing something crucial: utility and connected economies.

Digital assets are bought and sold. Thus, it is a speculative market with little real use. To create functional economies in the metaverse, owners should be able to do something concrete with their goods. For example, if I buy a recently minted painting, I would want to be able to furnish my virtual home with it. Right now, all I can do is admire my purchase on OpenSea or another site and give the URL to everyone.

This problem will remain for a number of years while the industry agrees (or not) on standards and interoperability. Tim Sweeney, CEO of Epic Games, estimates that we will have to wait at least another 5 to 10 years. This delay could kill the emergence of the metaconomy.

Moreover, the promise of blockchain-based exchanges and the proliferation of different altcoins that power them should mean that transferring the value of goods and services across different metaverse will be easy. But we are still very far from that.

Different virtual worlds are being created, with their own proprietary token-based economies. There is no real connected exchange of value or assets to other worlds. My plot of land in Decentraland may be completely worthless if I want to trade it for a Land in The Sandbox for example. Similarly, the mechanics of buying, selling, and trading through existing platforms require a certain level of understanding of cryptocurrencies and the use of Metamask, for example. Altcoins need to be converted to Etherum or Bitcoin for example, and then back to altcoin of another metaverse in order to be traded — each time incurring fees.

We are still in the early stages of a functional exchange market, as accessible as fiat, but one that excludes a large number of people who want to participate in the metaverse but do not understand how metanomics works.

Metaverse could be one version of the future of the Internet within… at least ten years

If the Metaverse were an iceberg, the visible part would be a new type of experience. While the invisible part would be: social interactions, new business models, devices, communication networks, new individual behaviors, new communities, new uses, killer apps, brands, gaming, physical and virtual hardware… Therefore, the metaverse concept is a combination of several technologies such as augmented reality, the Internet of Things, 5G, artificial intelligence, space technologies, blockchain… All of them being at the service of immersion in what some people qualify as the future of the Internet. Many of these technologies have been slow to mature, but they are approaching the minimum level of performance to make it a success.

For example, most virtual reality headsets still need to be connected to a PC or game console to achieve the processing power and communication speed needed for smooth and immersive experiences. With ever-faster processors and high-speed wireless communications on the horizon, better visual resolution and wireless experiences should emerge in the next few years.

Instead of looking at the news, you could be right in the middle of the news. Instead of learning the history of ancient Egypt or Greece from books, you could immerse yourself in it virtually, travel through the universe and interact directly with the avatars of the people of the time. Instead of watching a basketball game on TV statically, you could turn your head 360 degrees as if you were there. Instead of attending a virtual conference located on the other side of the world in a passive way, you could then go and meet the other participants and exchange with them on the subjects you are passionate about.

Today, augmented reality remains a niche market regarding the small number of use cases. The blockchain has enabled the launch of cryptocurrencies such as bitcoin in the last few years. It would allow virtual goods and identities to be purchased and transferred seamlessly between various platforms making up the Metaverse. New blockchain applications, such as NFT fever, are increasing the adoption of the technology and could launch a new kind of creator economy…

Image par Nurudeen Alidu de Pixabay

While some brands are already rushing to grab the pie, widespread adoption will not happen for several years. Indeed, the necessary technologies still have a way to go to optimize their functionality, usability and cost. One semiconductor company has stated that a truly immersive metaverse would require 1,000 times the computational efficiency of today’s state-of-the-art processors.

“When a tree falls, you hear it; when the forest grows, not a sound.”

What if the Metaverse was just a tree when the web3 grows without a sound ?

*******************************SOURCES********** ****************

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