Figuring out the metaverse’s purpose

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Here’s an interesting question. Did the crypto bubble inadvertently strangle the metaverse in the crib? TerraZero’s Brandon F. Johnson and Ryan Kieffer took to the GamesBeat Summit to talk about the metaverse, crypto, privacy and more.

We’re years into people trying to figure out what the metaverse is. By this point we should have some sort of idea. But it really feels like we just have a big list of what it isn’t.

We know the Web3 and crypto community loves the concept. We know NFTs got pushed as being a huge part of the metaverse. But nobody ever really explained why the average person should care about those.

We know the metaverse isn’t a game. There’s dozens of examples of self-contained Metaverses out there that can be interacted with but not exactly played. We know it isn’t the future of crypto, either. The fatigue and negative opinions of crypto mean the metaverse can’t be, even if it’s supposed to be.

We know it isn’t unified. A unified metaverse would mean a lot of solved problems. But, even years later, everyone still wants their own slice of that particular pie, and nobody seems very interested in making any of those slices big.

“There are organizations like Metaverse Standards Forum … that are starting to do it,” said Kieffer. “There’s going to have to be a lot of coming together, at least on the start-up side and maybe the younger company side in order to come together and create these standards. Because if we don’t create the standards we definitely don’t think that the larger companies will be the ones opening their doors. I think we’re going to have to break through that.”

We know it isn’t