Skip to main content

‘Metaverse’ Term Creator Neal Stephenson Not Bullish About Massive Adoption of Virtual Worlds

neal stephenson metaverse

Neal Stephenson, ostensibly the first to coin the term “metaverse,” issued his opinion about the future of the adoption of virtual worlds. The sci-fi writer and co-founder of Lamina1, a blockchain metaverse company, believes that building experiences that millions of people consider worth having in virtual worlds is quite difficult, hampering the adoption process of the tech.

Neal Stephenson on the Future of Metaverse Adoption

Neal Stephenson, believed to be the creator of the general concept and term “metaverse” — popularized recently by Meta — believes that mainstream adoption of this tech might be very far away. The writer, who coined the term as part of his novel Snow Crash, published in 1992, stated that the growth of the metaverse will depend on the quality of the experiences offered in the virtual world.

As part of an interview offered to the Financial Times, Stephenson stated:

There won’t be a metaverse that is used by millions of people until it contains experiences that millions of people find worth having, and making those experiences is quite difficult.

The author, who has established a clear relationship between the metaverse and gaming technology, explained that “the games industry is the economic engine and the technological engine that obviously is going to be the foundation of any future metaverse,” citing Doom, the game created by ID Software’s John Carmack, as one of the games that kickstarted the metaverse era.

Blockchain Interconnecting Virtual Worlds

Stephenson also explained that blockchain and the metaverse have a natural relationship, enabling interconnection between the various worlds as part of a bigger world. The writer says that part of the reason behind the creation of Lamina1, the company he co-founded, was to lay a foundational layer for the creation of digital worlds that have an “engineering level that are a pretty good match with what blockchains are capable of.”

The internal design of a metaverse can be done in a centralized way, but the movement of this data from one metaverse to another, part of a bigger metaverse, can be done using blockchain-based tools. He declared:

I think that to build a metaverse, we’re going to have a situation where people are moving freely from one environment to another… all of that smacks of a decentralized kind of network of interactions and financial transactions that puts me in mind of blockchain and other decentralized finance kinds of constructs.

What do you think about the opinion of Neal Stephenson on the future of metaverse adoption and the relationship it has with blockchain? Tell us in the comment section below.



from Bitcoin News https://ift.tt/dtNTQkD

Comments

Popular posts from this blog

Deep Web Roundup: Dream Adds Monero and Bitcoin Tumbler “Chip Mixer” Launches

The darknet has been quiet of late, which is the way it’s meant to be. No news means no mega busts, honeypots, or mass market shutdowns. Even when it’s out of the spotlight though, the deep web is quietly making news, whether trialling the latest privacy coins or the newest coin mixers that promise to restore a little of the privacy that’s being stripped away from bitcoin users on a daily basis. Also read: U.S. Agency ICE Conducts Investigations That Exploit Blockchain Activity The Battle for Privacy Heats Up Privacy is all relative, but of late there’s been relatively little privacy to be enjoyed by bitcoin users. Blockchain monitoring software is becoming more sophisticated and more common, with U.S. law enforcement agencies using it to profile and hunt down deep web users. Chip Mixer is a relatively new bitcoin tumbler that’s designed to restore some of that privacy. Available on both the clearnet and darknet, the service uses a variety of techniques to obfuscate blockchain m

International Crypto Exchange Luno Adds Bitcoin Cash Trading

Luno exchange has added bitcoin cash trading to the platform following feedback from its client base. BCH is now only the third cryptocurrency available for trading on the exchange, in addition to BTC and ETH , but more options could be on the way once Luno determines that they are credible enough. Also Read: Bitflyer Adds Bitcoin Cash Trading Across Europe and the US Luno Adds Bitcoin Cash Trading Luno, the London-headquartered company formerly known as Bitx, recently announced that bitcoin cash was made available on its cryptocurrency exchange. Starting from Monday, September 23, customers at Luno are now able to store, buy and sell BCH on the platform. The reason given for adding BCH to the exchange is feedback from users in developing markets that convinced Luno to expand their offering from previously just BTC and ETH . Marcus Swanepoel, CEO of Luno, said , “We are in a new and exciting financial era. Developing economies are leading the large-scale adoption and appli

Ombudsman Receives Complaints About Crypto Investments in Spain

The Spanish ombudsman has been receiving complaints about cryptocurrency and how some Spanish citizens investing in these vehicles have lost everything. In his annual report, Angel Gabilondo recognized the rise of cryptocurrencies as a new problem due to the little or no regulation crypto sees in the country. In the same way, the EU has also warned about these assets recently. Spanish Ombudsman Gives His Take on Crypto Angel Gabilondo, the Spanish ombudsman, has given his take regarding cryptocurrencies and the effects they have on citizens investing in some of these projects. Gabilondo said in his yearly report that cryptocurrencies have become “a new problem” during the year examined, with many people having lost all of their funds invested. The report states : Cryptocurrency exchange companies or platforms are not regulated in the legal system, are not subject to any public supervision system, nor do they benefit from deposit guarantee systems. The affected users that sought