Old Man Yells at the Metaverse

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Nov 28, 2021

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ANECDOTE

Second Life Is The Early Metaverse Case Study

Brian recalls Second Life from 2005–2009 as an early metaverse attempt before mobile and VR matured.
He uses Second Life to show we've tried immersive virtual worlds before and learned lessons about adoption and representation.

INSIGHT

Youth Will Likely Drive Initial Metaverse Adoption

Early adopters of metaverse tech will be young people who grew up digital and accept avatars, in‑world currencies, and identity fluidity.
Hosts compare this to cloud adopters (startups) who had no legacy constraints.

INSIGHT

Multiple Metaverses And Fragmented Standards Are Likely

Expect many metaverses rather than a single unified world, with competing platforms, standards, and multiple crypto networks.
Fragmentation mirrors existing internet and crypto ecosystems (Bitcoin, Ethereum, Solana, etc.).

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You’ve been hearing about Web3 and metaverse and crypto, and everything is changing. But is that a good thing or a bad thing? Let’s yell at the metaverse and see what echoes back.

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SHOW NOTES:

WHY IS EVERYONE TRYING TO CHANGE THE EXISTING INTERNET?

The metaverse is part of a bigger evolution called “Web3”, which is looking at new interaction models, new payment models, and new ways to represent life in a fully digital world. How did we get here? What lessons from the past can we learn?

HOW MIGHT THE METAVERSE CHANGE THE INTERNET, FOR GOOD OR BAD?

Like Web 1.0 and 2.0, Web3 is initially being positioned as “for the youth”, but there’s already a subculture of people trying to make it “for the Enterprise, as well”.
Metaverse and Web3 have all-digital versions of things (identity, goods, payments, etc.) that seem complicated and confusing to anyone that doesn’t start there.
There will (likely) be many metaverses, and this will be OK, and people will ask for standards and things to interoperate.
There will be consumer metaverses and Enterprise (“work”) metaverses. People will wish the work one was more like the consumer one - but not always.
Metaverse assumes that we want to blur the lines between what had been a distraction (e.g. gaming) and what we want in the rest of our lives.
A lot has changed since we first tried this 15 years ago (e.g. Second Life).
There is a lot more psychology involved in these virtual worlds than you initially think, especially outside of the “native” community.
Be cautious around the people that talk very fast when you ask questions, and always tell you that you don’t understand it and need to be authentic.
Experiment. Ask questions. To research with problems in mind.

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