Episode #467 from 2:43:46
Standardizing the Metaverse
Yeah, I mean, even on the topic of cryptocurrency, it's very frustrating. Blockchain and crypto is a really powerful technology that I think can enable a lot of the things that we're talking about, but so many people use it to try to make money to create these bubbles and the hype and the meme coins and the so on and so forth that becomes much less about, that drifts far away and rapidly from things that are actually of value, which is the experience of playing Fortnite and how you look when you play Battle Royale. I mean, it sounds ridiculous to say, but it's true. But that's valuable. That's like you have gold in the physical space. We know that holds value. How your outfit looks like in Fortnite, that as you're saying, provably holds value. And so you want to connect like a standard definition of money value to that and not let it become this hype thing, which NFTs that you mentioned are just become that. It quickly drifts away into the land of people trying to buy and sell and trying to make money versus staying close to the thing that people actually value. Forget the money. It's more about exchanging valuable experiences or things of value. So you can play Fortnite and then go to another video game and continue the valuable experience and then come back to Fortnite and do that kind of thing. So you're saying there might be a way to do that to basically create standards the way the web has different standards for displaying websites and all this kind of stuff, or the communication that's required on the networking side. So all the different standards that make the web work, there need to be those kinds of standards. What would those standards look like to enable the metaverse?
Why this moment matters
Yeah, I mean, even on the topic of cryptocurrency, it's very frustrating. Blockchain and crypto is a really powerful technology that I think can enable a lot of the things that we're talking about, but so many people use it to try to make money to create these bubbles and the hype and the meme coins and the so on and so forth that becomes much less about, that drifts far away and rapidly from things that are actually of value, which is the experience of playing Fortnite and how you look when you play Battle Royale. I mean, it sounds ridiculous to say, but it's true. But that's valuable. That's like you have gold in the physical space. We know that holds value. How your outfit looks like in Fortnite, that as you're saying, provably holds value. And so you want to connect like a standard definition of money value to that and not let it become this hype thing, which NFTs that you mentioned are just become that. It quickly drifts away into the land of people trying to buy and sell and trying to make money versus staying close to the thing that people actually value. Forget the money. It's more about exchanging valuable experiences or things of value. So you can play Fortnite and then go to another video game and continue the valuable experience and then come back to Fortnite and do that kind of thing. So you're saying there might be a way to do that to basically create standards the way the web has different standards for displaying websites and all this kind of stuff, or the communication that's required on the networking side. So all the different standards that make the web work, there need to be those kinds of standards. What would those standards look like to enable the metaverse?