
14/05/2022
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** What Does the Future Look Like in the Metaverse? **
The currency in Ubuntuland is the $UBUNTU token, which is built on the Ethereum blockchain. Once you buy land in this metaverse, you can create, innovate, and interact. Landholders can customise their territory to do anything from hosting shops, producing resources, housing NPCs and developing games or any other applications. Staking, DAO and blockchain play-to-earn gaming is also on its way.
According to JP Morgan, global metaverse revenue opportunities like live events, ads, social commerce and hardware are going to reach over $1 trillion. Google, Meta, and Microsoft are all participating. Gaming and entertainment brands, as well as some fashion labels (like the Gucci Garden in Roblox), are paving the way for brands seeking to navigate the metaverse.
But all of this giddy excitement to join in comes with problems as well. Gillis spoke about the very real issue of how we will go about regulating disputes in the metaverse. “Binding arbitration: It’s the thing that is going to be the most fundamental issue that we will have to deal with. The first war will be in the crypto space; you don’t necessarily own the digital version of your business,” Gillis said.
Where to start? Perhaps where it began: With a serious gaming strategy. You need to lay the groundwork that will set you up in the Metaverse.
We also had a spotlight session with one of our most amazing Innovation City Members Dylan Walls, regarding all things Bitprop
Come and join us!
See you there!
Thank you Sandra Buckingham for capturing these pertinent insights from our event! You Rock!