The Web Summit is an annual technology conference in Lisbon, Portugal. Conference topics will focus on Internet technology, emerging technologies – such as the Metaverse – and venture capital. Web Summit partners range from Fortune 500 companies to startups, with attendees representing all levels and sectors of the global high-tech industry. Michael was allowed to attend the conference and wondered: Quo vadis, metaverse? Six inverse trends have emerged that the technology community agrees on.
1. The technology community discusses emerging technologies like the Metaverse in a polarizing and emotional way. Pragmatic considerations about use cases are in the minority.
2. The crypto winter is just what Blockchain, Web3 and Metaverse technologies need to give the companies and projects the time they need to deliver on the promise of these technologies.
3. Meta is not the metaverse. Meta’s questionable strategy should be decoupled from the Metaverse technology and its many use cases.
4. Web2.5 will define the Internet landscape for decades to come. Web2.0 and Web3 technologies will coexist and evolve together. There is no Web3 revolution coming.
5. No more nonsense: It is not enough to label projects with Blockchain, Metaverse and Web3. What the world needs are effective technology projects that solve real problems.
6. The Metaverse will come. The two most immediate requirements for Metaverse technologies are the integration of the Metaverse platforms and the user experience of each platform.
So if you’re interested in how the journey to a metaverse continues, feel free to listen to the latest episode of Bitcoin, Fiat & Rock’n’Roll. Lots of fun!