Augmented reality or mixed reality? Analyzing why NFT is crucial in the Metaverse

The metaverse at the most abstract level is the Internet, but there are two differences from the Internet.

3. The first difference is that the visualization layer of the Internet will get better. Today, we have free global video conferencing and 4K movies on the Internet. We didn't have it before, and ten years from now, we'll have extended capabilities and mixed reality.

4. What is Extended/Mixed Reality?

Imagine A pair of sunglasses in the right size/weight/style.

These glasses will be able to work in normal reality, augmented reality (digital objects overlaid on your field ) and virtual reality.

5. We will spend most of our time in augmented reality, not virtual reality.

Imagine Augmented Reality breaking the shackles of laptop and phone screens.

Imagine walking down the beach without picking up your phone to see a notification, just See it out of the corner of your eye.

6. Imagine a co-worker teleporting into your office to chat or brainstorm with you, and they more or less seem to be real.

Big brother, if Zoom/COVID reduces business travel/travel, imagine if it could What will you do if you teleport?

8. But you'll be in augmented reality most of the time. For the knowledge worker (me) who is staring at a screen all day, this should be a quality of life improvement, not a decrease. Less time on screen and more time in a more natural user experience.

9, And it will also start to be used for commercial purposes, where physical location becomes irrelevant. Basically everything will be close to real life except the real world eating and drinking, the real social part, no travel.

10, At the same time, we will have better and better 3D spaces on our computers. Walk around and check out the NFT gallery @OM100m (metaverse project), no special gear needed, obviously better than seeing 2D NFTs on OpenSea.

11. You can of course wear VR goggles into the @OM100m, but realistically, VR goggles are still annoying today - bulky, bulky, short battery life, clumsy, and I'm 99.9999% in OM Time is spent on the laptop.

12, But it will be an improvement, an incremental improvement, the browser-based world will get better, the augmented reality devices will get better. Little by little, the visual layer of the internet will get better and better until the virtual and the real are indistinguishable (maybe 10 years, maybe not).

13. As the visualization layer of the Internet gets better and better, digital objects will become more useful and important. Avatars (2D and 3D), art, assignments, jobs, 3D virtual spaces and hundreds of other things.

14. Not only do the objects themselves become more important, they lead to different emergent behaviors. We've seen this with virtual personas and hybrid anonymous/anonymous/anonymous communities. Yes, this is an underground network pipe, but...

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15,… Just as social media changed how people behave on the internet, Metaverse world-type experiences will change it even further. NFT Twitter + Discord + various virtual worlds are a form of the early Metaverse world. I feel like I've entered a different world than just some website.

16. The most important issues of the internet/universe/human society health in the 2030s will be decided now. The question is "who stores the ultimate record of ownership of these digital objects"

There are two answers: the company's database or the blockchain.

17, If we end up with "one company's database", we'll end up with all web2 dysfunction, or worse.

SMTP (transport protocol) is an open protocol that anyone can use, so we don't have Social debates about who should use e-mail, Internet messaging eventually turned into Twitter.

18, So we had the most ridiculous, surreal discussion about who gets to use SMS, depending on who is the CEO of Twitter. This can never be the right architecture for our increasingly digital economy.

19, This is a no-win situation for everyone, including Twitter. Twitter can't possibly rank 8 billion people around the world every day and decide who's naughty/cute/nice enough to use SMS.

20, However, if the metaverse world ends up being like today's social network, where all your (important) digital assets have an API key and terms of service agreement behind them, it will become much better in multiple dimensions. Oops.

21, The first reason is rent-seeking.

Facebook proposes to extract up to 47.5 % of revenue. Why would anyone, especially any non-US economy, give the equivalent of 50% of their digital GDP to Facebook? This is higher than the tax rate of extreme socialism!

22. The second reason is "fear".

The metaverse world will be your permanent space/environment, digital reality.

If it can be flagged based on an algorithm or a random customer service rep gets banned, left in the dark, it's horrible , you may lose everything for no reason. (Many web2 applications can perform some unreasonable black-box operations)

23. The third is political security.

Twitter and Facebook are in a position to decide who wins the election, whether Strange situation with a coup d'état and all that, that's weird enough. It's 100 times worse for people in other countries that don't have a voice.

24. The fourth is: global national security.

Augmented reality works by pointing a camera at your field of view, Imagine if I sent a webcam to web2 executives: "Please wear this, put it on your head and your family's head, the data is uploaded to 6529 servers (metaphor: database with privacy risk), don't worry, I have a privacy policy."

25, Obviously, if the If the metaverse world still does this, I will die laughing. But that's what the tech giants will be doing in the next few years.

26, What are NFTs?

A standardized, interoperable, portable A decentralized, autonomous, user-controlled, cross-application approach to storing any digital object.

In the simplest terms, any application that integrates ERC-721 can integrate punk6529.

27, This is a very superior way of supporting innovation and interoperability, your web2 digital objects are stuck. Obtaining an API key, seeing if your service allows it, and integrating each service and others with programmers is basically "impossible" (it is impossible to view your information without your authorization).

28, With an open protocol, all of these problems disappear , it's like a hyperlink or HTML. Anyone who integrates the ERC-721 or ERC-1155 standards can integrate digital objects. Today our encryption has dozens of applications, someday we will have hundreds of thousands.

29, After all, it is very simple, anyone who says " No, I don't think NFTs are the right place to store digital objects" Anyone who should be asked "Okay, which company's database do you think they should be stored in, and why is this better?"

30、In the near future, see the politicians of the United States and the European Union more or less It's going to be fun, it's sad, it's frustrating to be able to vaguely identify web 2 problems while at the same time disrupting Web3 solutions and hitting yourself in the head with a hammer.

31, all these enforced "interoperability" rules The answer is on everyone's face. Today, you can have all your assets and identities on a public blockchain. Bitcoin is only for money, NFT is suitable for "any digital object".

32, My point is that for reasons of innovation , the US should promote user-owned data, and other countries should do the same, both for innovation and for reasons of national/economic digital sovereignty, the digital economy will be huge in the coming decades.

33,It will absorb most of the white-collar economy, even from Capture part of the market share in the real economy. Sure, we'll have houses, restaurants, hotels, and power plants, but more and more of our work/socializing/education will be digital.

34, So if I were to make policy, I would do two things in this area:

a. Encourage the development of public blockchain systems based on digital assets/economy (easy to do)

b. Invest heavily in open source visualization hardware (difficult to do, but good bet IMHO)