In short: The metaverse will become a part of daily life when gateways come onstream, according to Lucaz Lee, CEO of Affyn. Lee said the ability to enter and exit the metaverse will be as easy as ordering dinner from a takeaway app. He added that augmented reality (AR) would play a crucial role in the metaverse, as it is capable of being seamlessly integrated into daily apps. Despite initial hype around the play-to-earn (P2E) model, it ultimately failed. Lee expects the industry will move towards a "play-and-earn" model, where developers will create games with true playability, but still incorporate tokenomic elements.
Our quick analysis:
Are you ready to enter a world where reality is augmented and virtual at the same time? The metaverse is here, but wait, what is it? According to Lucaz Lee, CEO of Affyn, the metaverse is not just one platform but a series of interconnected worlds that will bring people together. Sounds exciting, right? But before you rush to click on that VR headset, let's dive deeper.
Lee thinks that the metaverse is where augmented reality (AR) will play a more significant role than virtual reality. AR can be incorporated into the apps that we use daily, making it a seamless part of our experiences. It could also enhance learning experiences and training simulations for industries like healthcare and manufacturing. Moreover, with geolocation-based plots like Nexus World, owners can acquire virtual land that maps to their real-world neighborhood, creating a digital community that is connected through proximity as well as shared interests.
While the metaverse promises to change the way we work, play, and socialize, there are still barriers to mainstream adoption. However, Lee believes that gateways that form the access point for entering the myriad of metaverses will eventually come onstream. Once this happens, entering and exiting the metaverse will be as easy as ordering dinner from a takeaway app.
But what about the Play-to-Earn (P2E) model? Lee thinks that P2E has failed to live up to expectations because it attracted speculators instead of players and the tokenomics were unsustainable. He believes that web3 games will gravitate to a Play-AND-Earn model, where developers are motivated to create games with true playability and longevity, while still incorporating tokenomic elements that have made crypto and specifically DeFi so attractive.
In conclusion, the metaverse is not just a futuristic realm for fantasy games but a potential digital community that brings people together. It may take time for the metaverse to become accessible to everyday users, but it could establish itself at the heart of the social web for years to come. So, are you ready to enter the metaverse? Let us know your thoughts in the comments section below.
Image provided by Unsplash
Disclaimer: Our articles are NOT financial advice, and we are not financial advisors. Your investments are your own responsibility. Please do your own research and seek advice from a licensed financial advisor beforehand if needed.
Our quick analysis:
Are you ready to enter a world where reality is augmented and virtual at the same time? The metaverse is here, but wait, what is it? According to Lucaz Lee, CEO of Affyn, the metaverse is not just one platform but a series of interconnected worlds that will bring people together. Sounds exciting, right? But before you rush to click on that VR headset, let's dive deeper.
Lee thinks that the metaverse is where augmented reality (AR) will play a more significant role than virtual reality. AR can be incorporated into the apps that we use daily, making it a seamless part of our experiences. It could also enhance learning experiences and training simulations for industries like healthcare and manufacturing. Moreover, with geolocation-based plots like Nexus World, owners can acquire virtual land that maps to their real-world neighborhood, creating a digital community that is connected through proximity as well as shared interests.
While the metaverse promises to change the way we work, play, and socialize, there are still barriers to mainstream adoption. However, Lee believes that gateways that form the access point for entering the myriad of metaverses will eventually come onstream. Once this happens, entering and exiting the metaverse will be as easy as ordering dinner from a takeaway app.
But what about the Play-to-Earn (P2E) model? Lee thinks that P2E has failed to live up to expectations because it attracted speculators instead of players and the tokenomics were unsustainable. He believes that web3 games will gravitate to a Play-AND-Earn model, where developers are motivated to create games with true playability and longevity, while still incorporating tokenomic elements that have made crypto and specifically DeFi so attractive.
In conclusion, the metaverse is not just a futuristic realm for fantasy games but a potential digital community that brings people together. It may take time for the metaverse to become accessible to everyday users, but it could establish itself at the heart of the social web for years to come. So, are you ready to enter the metaverse? Let us know your thoughts in the comments section below.
Image provided by Unsplash
Disclaimer: Our articles are NOT financial advice, and we are not financial advisors. Your investments are your own responsibility. Please do your own research and seek advice from a licensed financial advisor beforehand if needed.
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