"Metaverse"

So if you haven’t seen, Facebook has rebranded to Meta. If you didn’t know, don’t worry, the platform Facebook is still being called Facebook, however, the company that owns all of the platforms like Instagram, Oculus, Watsapp, Messanger and of course Facebook is called Facebook. Confusing? Well not any more because they’ve rebranded to Meta.

So what is the Metaverse? Well according to everyone’s favourite website Wikipedia:

The metaverse is a hypothesized iteration of the internet, supporting persistent online 3-D virtual environments through conventional personal computing, as well as virtual and augmented reality headsets.

So will we start to see people wearing VR headsets and socialising all in a fake reality as everything moves online seen in the film Ready Player 1? Who knows, it almost reminds me of the time when Arthur C Clarke predicted the internet way back in 1964. Check it out in the video bellow:

So have we already started to see signs of the Metaverse? Well yes, firstly in crypto with the birth of Bitcoin, Ripple, Stellar and others. Secondly, NFT’s (Non-fungible token’s) which are usually pieces of digital art being sold in a digital space. You could easily just download the art and buying the art dosen’t mean you own the right to it, so why buy it? Mainly because people may seem long term value in them, or just because they like the art, and owing it is something to brag about. Most recently, Beeple’s NFT sold for $69 million. (See bellow)

Well I think this just proves that the Metavese will become something huge but a recent video from Colin & Samir suggests otherwise, saying that VR and the whole idea of a virtual world would be too complicated to make a reality, because of the complicated logistics behind the feat, but woulden’t people say the same thing about the internet before it came out? You can watch the video bellow:

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Thanks for reading this newsletter, I’d love to hear what you think about whole idea of the metaverse, leave a comment bellow telling me what you think and I’ll be sure to respond. Stay tuned, because some time around next week, we’ll have a new YouTube video out, and it’s a big one I’ve been working on for a while. I’ll see you all next time.

Elliot.