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Demystifying the business imperatives of the Metaverse -Breaking

by Mike Robinson

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The Metaverse’s business imperatives: How to decode them

In an earlier article I talked about The evolution of Web3 economiesand volatility. Instead, we will be focusing on Web3, the fundamental technology that enables the creation economy.

The term “metaverse” — meta and universe — often describes the anticipated future iteration or evolution of the internet powered by Web3 technologies like blockchain and decentralized resource distribution and consumption principles. Although the focus has often been on metaverse modalities such as augmented reality (AR), virtual reality (VR), gaming, Second Life, avatars and so forth, in my view, these modalities represent an interesting evolution or shift from the digital transformation of recent decades to the “transformation of digital.” That is exactly what the Metaverse aims to achieve. While it may seem complicated and abstract today, the Metaverse is a peek into the future of digital transformation.

Nitin GaurIs the former director and founder at IBM (NYSE:) Digital Asset Labs. He develops use cases and industry standards, and works towards making blockchain work for enterprises. In his previous roles as the chief technology officer for IBM World Wire, IBM Mobile Payments and Enterprise Mobile Solutions, Gaur also co-founded IBM Blockchain Labs. This lab was responsible for establishing the Blockchain practice in the organization. Gaur, an IBM-distinguished engineer with an extensive patent portfolio is also an IBM master inventor. Portal Asset Management is a multi-manager fund that invests in digital assets.