What is the “metaverse”? Boston-based game company CEO lays the groundwork for an immersive digital world – CBS Boston
BOSTON (CBS) — If you haven’t heard of it yet, you will. The metaverse. Experts say this is a major shift in how the tech world wants us to think about the internet.
Jon Radoff, CEO of the game creation platform company called “Beamable”, said the move towards a more immersive digital world has been happening for some time.
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“Today we have several generations of people who have grown up with the Internet with their digital identities online,” Radoff said. “Millions of people are beginning to discover that their online identity is more important than their physical identity.”
Radoff is among those laying the groundwork for the Metaverse. He says it all starts with video games.
“Players are going to create content. They will create experiences. They will be dungeon masters leading adventures.
Many of us grew up battling 8-bit beats and collecting coins on games like “Super Mario Brothers” and “The Legend of Zelda.” But now, blockchain-based games like “Axie Infinity” could allow gamers to get a real payday.
“It’s kind of like Pokémon,” Radoff explains. “Where you buy a character and you can make your characters more powerful, leveling up your characters. And they can make money by participating in the economy of this game.”
You can also buy land next to rapper Snoop Dogg in the metaverse’s “Sandbox Game”. It looks a lot like his own home in California.
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“You’ll add art to the game,” adds Radoff. “You will be an artisan of the game. You will make worlds. You will make fashions.
And these modes could be digital assets called NFTs or non-fungible tokens.
“The economy is left to the players to trade with each other and keep them if they wish or sell them to another player who likes them more.”
Jon believes the metaverse will also open up the global economy.
“It’s going to allow people around the world to access markets they currently don’t have access to and find new ways to make money.”
And he expects most of the metaverse to be decentralized, which means banks are left out and financial equality is in order.
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“You don’t need to be blessed by a guardian anymore.”