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Demystifying the business imperatives of the Metaverse -Breaking

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The Metaverse’s business imperatives: How to decode them

I previously discussed The evolution of Web3 economiesDiscussions on current volatility and the participative nature of Web3, which provides the technology foundation for the creator economy, are being emphasized.

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 GaurFormer director and founder of IBM (NYSE:) Digital Asset Labs. He develops use cases and industry standards, and works towards making blockchain work for enterprises. Prior to that, he was chief technology officer at IBM World Wire, as well as of IBM Mobile Payments, Enterprise Mobile Solutions and IBM Mobile Payments. He also founded IBM Blockchain Labs where he managed the establishment of the company’s blockchain practice. Gaur, an IBM-distinguished engineer with an extensive patent portfolio is also an IBM master inventor. He is also the portfolio and research manager at Portal Asset Management (a fund with multi-managers that specializes in DeFi investments strategies and digital assets).