Until a true 'metaverse platform' publicly launches, the metaverse is not real. Dive into what a metaverse platform is and what the future of Web3 looks like. - cc: TheSandboxGame enterthemetaverse nft
no publicly available projects meet the basic requirements to actually be defined as a metaverse platformBlockchain and crypto integration are not optional features when it comes to achieving the vision of the metaverse. People must be able to maintain sovereign ownership of their digital assets; this is only possible with the use of blockchain.
A metaverse platform will be able to serve as a “world of worlds”, hosting many Web3 worlds and their unique cryptocurrencies on the same platform in a persistent experience. A player could earn tokens playing a FPS shooter on one Web3 world, travel to a new world, seamlessly exchange tokens for the new world’s local currency, and then use them to play that world’s games and interact with the local economy in any variety of ways.
Large, centralized tech corporations have no place in the metaverse; we’re on the cusp of a new paradigm. Pre-Web3, the rise of new technologies fueled by network effect growth fed profits to a very small group of stakeholders in corporations like Google and Facebook. Crypto enabled venture capital, a world typically reserved for a select few, to be spread to the masses.
Because the metaverse will exist IRL, the ability to transact IRL with money used in the virtual domain of the metaverse must inherently be true as well. Retail plays a key role in this.In the metaverse, it is likely that virtual retails stores will exist where IRL items can be purchased as well.
This requirement brings about the concept of “the open metaverse”, which, in relation to the concept of a metaverse platform, essentially means a platform where assets can flow freely between Web3 worlds without barriers that currently exist between different user experiences. For NFT projects integrating through interoperability standards, this means that their assets in the ecosystem will be able to function across the entire platform in each activated Web3 world.
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