The metaverse is Unbanked Newsletter For weekly level-ups on NFTs, virtual worlds, and more
Dear unbanked nations,
“People forget, but the metaverse narrative is the broadest meta and is a superset of all other cryptocurrency narratives..”
that Recent quotes from Vance SpencerI 100% agree and agreed with this even before I started writing it. metaverse This is a newsletter from almost 3 years ago.
In other words, Metaverse has tremendous potential in that it stands right at the intersection of AI, cryptocurrency, and virtual reality.
Over time, the convergence of these fields will eventually make the real metaverse more than just a buzzword.
In today’s post, we’ll talk about the idea of a “smart open metaverse” where the increasing convergence of AI
-WMP
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It is my firm belief, and the belief of several others, that the metaverse should be open and inclusive. Therefore, we believe that the Metaverse should be built on open source technologies and interoperable standards. This core of interoperability includes efforts to:
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👤 Aesthetic Interoperability (e.g. creating and building standardized formats for cross-platform characters, assets, physics, etc.)
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🪙 Economical interoperability (e.g. Ethereum’s ERC-20 and ERC-721 token standards for managing and trading open virtual assets, L2, DAO, etc.)
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🌐 Technology interoperability (e.g. fostering 3D web interoperability work to make virtual world experiences more accessible to more people, etc.)
As progress continues in these fundamental areas, the vision of realizing a mature open metaverse will remain focused. Turn a single virtual world into a metagalaxy, and a metagalaxy into a metaverse – one giant open garden on an open infrastructure.
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This realization is incredibly exciting for pioneering types like us. Because it means the birth of a new frontier. This frontier has been in the making for at least 30 years and will likely continue to do so for many years to come.
Then outer space will no longer exist. last It will not be the great frontier of human exploration, but rather our endless metacosmic space, the vast virtual infinity of which will ultimately be limited only by our imagination.
Of course it would, but it would. many Space to build and fill. The good news is that the metaverse is really starting to open up as the advent of AI really starts to come into its own. This will help dramatically with this “fill in” task.
That said, don’t be surprised that over the next few years, as more and more humans pile into the metaverse, they will do so alongside increasingly sophisticated AI agents.
This imminent reality refers back to the idea of a “metaverse as a superset of all other narratives.” Then watch how the open metaverse will be built on top of all the great stories of today: AI, cryptocurrency, virtual reality, etc.
Conversely, in the future, speculators and tourists will come and go, and cycles of interest will also come and go. We saw this in 2021 when “metaverse” first became a popular buzzword.
However, nothing has fundamentally changed since then regarding the long-term vision that combining open rails such as standardized file formats, Ethereum, and 3D web technologies could realize the foundation of a truly open metaverse. Now, thanks to recent advances in AI, it is also clearer than ever that we will be using all kinds of AI agents to populate infinite metaversal space.
Of course, there’s no doubt that the AI x crypto x VR intersection is in its infancy. is Projects that should be on your radar are already built here.
for example, upstreet An NFT-friendly multiplayer world built from the ground up for the interaction of humans and AI agents. Upstreet’s developers even published a 28-page report. Chat World A document detailing some of the different AI agent possibilities Upstreet has planned for the future. This is one of many early signs that AI agents are poised to emerge as a cornerstone within a wide range of virtual environments, whether they are basic conversational bots, complex autonomous entities, or somewhere in between.
In fact, an immersive virtual world experience where an AI-powered guide can provide a personalized educational tour tailored precisely to your needs and interests, or an AI fashion advisor can style your digital avatar to create unique outfits that match your personality and virtual environment. Imagine: Identity.
These are just a taste of what is to come. In these spaces, AI agents will be more than just tools and, in many cases, will actually be experienced as companions and collaborators of us humans. And this collaboration will have many dimensions, from recreational to entrepreneurial purposes.
For example, it is inconceivable that we will ultimately deploy AI agents throughout the metaverse to autonomously co-manage digital assets, analyze market trends, and execute strategic transactions on our behalf. . All of this includes Ethereum, cryptocurrency, NFT, etc.
But there are many other areas of interest here too! Like creativity, AI intervention takes on new forms in the metaverse, from creating dynamic, ever-changing landscapes to assisting in the design of complex virtual buildings. The potential here is endless, and the open metaverse will be like one huge, multi-faceted canvas in this regard.
But that’s right. is There are already more questions than answers here. As if there weren’t already plenty of problems to solve in the cryptocurrency space, consider how the emergence of sophisticated AI agents brings its own challenges and ethical considerations. Issues such as privacy, security and digital rights management will become increasingly complex in the near term, and we will need to continue to tackle them head-on.
Certainly, the deeper combination of AI, cryptocurrency, and VR will present many challenges but also many possibilities. And some AI agents themselves may become central characters over time, contributing to their own stories and the advancement of open metaverse lore over time. jin.
Ultimately, not everything will be pretty here. Some people go too deep Immerse yourself in the rich AI-powered experiences of the future. But for everyone else, the migration to an open metaverse just represents the next frontier opening up for humanity, and people will connect and unplug as needed.
In the meantime, here and there in this newsletter, I will be increasing my coverage of the topic of AI in the future as it is becoming a key new pillar at the intersection of NFTs and the metaverse. Please keep watching here!
For example, in the next post we will dive into the basics. parallel colony, one of the strongest AI x NFT efforts to date. Check back on Thursday. Thanks for reading until then! ✌️
William M. Feaster is the creator of metaverse — Bankless newsletter focused on the emergence of NFTs in the cryptocurrency economy. He also serves as a senior writer for the Bankless newsletter.
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It is not financial or tax advice. This newsletter is strictly educational and does not constitute investment advice, a solicitation to buy or sell any asset, or a solicitation to make any financial decisions. This newsletter does not constitute tax advice. Consult your accountant. Do your own research.
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