VIRTUAL UNIVERSE GAMES CRACKED
VIRTUAL UNIVERSE GAMES SKIN

YouвЂ™ll be able to glance across the street and see a restaurantвЂ™s menu hovering above the restaurant. People will have their LinkedIn profiles or Facebook profiles or job titles and relationship statuses floating above their heads. This is similar to the вЂњ mirrorworldsвЂќ that Snap and Niantic are building, which I wrote about in Snap and Our Augmented Reality Future. One digital world, Upland, recreates the real world and auctioned off Trump Tower to the highest bidder.ДЇittingly, the author of Ready Player One-one of the sci-fi books that popularized the metaverse- is promoting his real-world sequel, Ready Player Two, through a Roblox book tour.Д®ventually, virtual worlds will overlay or replicate our physical world. ItвЂ™s possible to place a phone call through a digital cell phone in Minecraft, and call someone on their real world phone. Eventually, the two will bleed into one another. Today, virtual worlds are microcosms of the physical world. The virtual hair salon or digital clothing retailer will be the new small business.ДЇinal Thoughts: Blurring Real and Virtual Anyone can be an entrepreneur, democratizing access to innovation and opportunity. For instance, an avatar of Donald Trump in the game Cryptocelebrities sold for $137,000, tracked by blockchainвЂ™s distributed ledger.Д®ventually, there will be full-fledged virtual economies within these worlds, for everything from clothes to cars to real estate.

VIRTUAL UNIVERSE GAMES CRACKED

ThereвЂ™s already a black market for goods: in China, Nintendo cracked down on 4,000 Animal Crossing stores that had sprung up on AlibabaвЂ™s Taobao.Д«lockchain technology will make it easier to trace ownership of digital assets, especially rare or coveted assets. G2A and Loot.Farm are formal online exchanges for virtual gaming goods, while unofficial transactions often happen on Discord, Reddit, or eBay. Marketplaces to facilitate digital commerce will emerge both inside and outside of virtual worlds. Gucci recently released digital clothing, including a $10,000 virtual dress, and Instagram influencers are using digital clothing to mix up their wardrobes and promote brands. This concept is already moving beyond games. Roblox uses Robux as its in-game currency, while Minecraft has Minecraft Coins. The average paying Fortnite player spends about $20 a month on digital items.

VIRTUAL UNIVERSE GAMES SKIN

For reference, the Travis Scott skin costs 1,500 V-Bucks, or about $15. Virtual worlds and virtual economies will break down traditional barriers to wealth creation and wealth distribution.Д«elow are parts of life shifting to virtual worlds, and the companies behind the shift.ДЇortniteвЂ™s currency is called V-Bucks and can be purchased using real-world money. In virtual worlds, everyone will have equal access to opportunity: all a participant needs is Internet access. In the analog world, talent is equally distributed but opportunity is not. WeвЂ™re living through unprecedented income inequality, with global wealth concentrated at the top. Most importantly, virtual worlds will level the playing field. (RobloxвЂ™s S-1 filing from last month mentions the term вЂњmetaverseвЂќ 16 times.) In the future, weвЂ™ll all spend hours each day as digital avatars or as ourselves in immersive virtual reality worlds.

WeвЂ™re slowly inching toward the вЂњmetaverseвЂќ-a term from the novel Snow Crash that describes a collective virtual shared space. Today, virtual worlds mostly take the form of multiplayer online games: Roblox players average nearly 3 hours per day in Roblox Fortnite has been collectively played for 10.4 million years-about 52x the time that humans have occupied the Earth.Д«ut virtual worlds are emerging in new forms, bleeding into parts of life from music to education to work. The pandemic is accelerating one of the most important trends of the Internet: the creation and normalization of virtual worlds and virtual economies.

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