Demystifying the business imperatives of the Metaverse -Breaking
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The Metaverse’s business imperatives: How to decode themI 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.
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