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The Metaverse Emerges

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2021-09-04 18:00:13

P.S. Bankless launching a DeFi conference with Blockworks in 2022 called Permissionless. Biggest DeFi event crypto’s ever seen. Bankless Premium subscribers get 30% off tickets here.

As the NFT mania grows in energy, so has the conversation around ‘the metaverse’. We all talk about ‘the metaverse’, but no one has meaningfully attempted to define it.

‘The metaverse’ will be an orchestration of many different layers and technologies, but it will ultimately collapse upon a single shared source-of-truth that all components of the metaverse will abide by.

The metaverse will be made up of objects, and all those objects must know that all other objects exist. From this foundation, we can create a ledger of all objects in the known metaverse, as well as their shared history of interactions and stories.

Understanding the metaverse requires stripping it into its component parts, and then recomposing it into a single narrative of what ‘it’ is.

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