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Chronicles

The story behind the story

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If the metaverse takes off, it could take cues from today's privatized, centralized, financialized tech ecosystem and echo the development of play-to-earn games

it was a game, a farming simulator, played by tens of millions of people on Facebook—before asking if we might be interested in some eggs. @NewYorker https://www.newyorker.com/... Matthew Ball / @ballmatthew : In 1995, imagine saying there'd be 4.2 billion webpages, 8.2 million servers, two thirds of humans would have smartphones and wireless data, 2.5 million iOS apps, and the UN would say the digital economy was worth $20T, Facebook would have 2B DAUs and 3B MAUs Matthew Ball / @ballmatthew : Within 30 days, 30% as many apps were downloaded on ~1mm iPhone 1s as songs on 40MM iTunes accounts at peak iPod Jobs to WSJ “I would not trust any of our predictions because reality has so far exceeded them by such a great degree that we've been reduced to spectators like you” Aly-Khan Satchu / @alykhansatchu : Watching Zuckerberg stroll through a blandly monied virtual set, appointed, as if from a drop-down menu, with books and trinkets and unused-looking sports equipment, I wondered if there were people who wanted this, or would find this vision exciting https://www.newyorker.com/... @theythemitalian : why would i shop on vr. what does this give me that going to the store/using their website doesn't give. facebook bought oculus and now we're here https://twitter.com/... Brian Fung / @b_fung : So much of this thoughtful piece on the metaverse is on point, but particularly how the words we use to talk about web3 (but really, all new tech these days) belies the financial interests behind it all: https://www.newyorker.com/... Quinn DuPont / @quinndupont : “Money in the Metaverse” is no cause for nostalgia. Games evolve by mirroring our human world. https://www.newyorker.com/... https://twitter.com/... Michael Luo / @michaelluo : .⁦@annawiener⁩: “I tried to imagine myself in a corporate-owned and venture-funded metaverse: a virtual axolotl in a virtual sweater, writing for a virtual magazine in a virtual office, hemorrhaging virtual money.” https://www.newyorker.com/... @newyorker : For its makers, the metaverse will be stuffed with money, @annawiener writes—in every dimension, all the way down. https://nyer.cm/tZgR3YE

New Yorker Anna Wiener

Discussion

  • @digitalishomo Homo Digitalis on x
    This is how Walmart envisions Shopping in the #Metaverse. Thoughts? 💭 https://twitter.com/...
  • @garethlwatkins Waterboard Apes on x
    @ScribblerMcgee @DigitalisHomo You can't tell shareholders that you've already made eCommerce as good as it's going to get - you have to pretend that there's new possibilities for growth out there on the metaverse crypto blockchain. Think of how twitter introduces new features no…
  • @_breannafaye Buildthemetaverse.Eth on x
    leave it to walmart to design an even worse Metaverse experience than Facebook this is my 60 second analysis: 1) this is an in-store gimmick. an actual Metaverse experience would start outside in a Metaverse world (interoperability is a key component to the ACTUAL Metaverse https…
  • @alykhansatchu Aly-Khan Satchu on x
    In recent months, the metaverse has been described as a kind of online place, combining virtual reality, augmented reality, the Internet, entertainment experiences, gaming, and remote work. @NewYorker https://www.newyorker.com/... The Way we live now https://www.rich.co.ke/...
  • @ultimatexiphias @ultimatexiphias on x
    Remember how Facebook lied about video metrics and a bunch of places went out of business after pivoting to video? This bizarre, cumbersome crap is going to bankrupt so many places https://twitter.com/...
  • @mikejjennings Mike Jennings on x
    Hey @Walmart and @Meta, I just thought you should know that this looks absolutely dogshit, you're welcome! #Metaverse https://twitter.com/...
  • @alykhansatchu Aly-Khan Satchu on x
    The term “metaverse” itself, which has its origins in dystopian science fiction, has been aggressively promoted by companies with worlds to sell Letter from Silicon Valley Money in the Metaverse @NewYorker https://www.newyorker.com/...
  • @jason @jason on x
    If Walmart thinks this is the future of eCommerce it's time to short Walmart and but more Amazon. https://twitter.com/...
  • @malwaretechblog Marcus Hutchins on x
    Can someone explain metaverse grocery shopping to me. You are paying the premium of getting groceries delivered, whilst also paying the time cost of walking around a fake grocery store putting fake items in a fake cart. It's the worst of both worlds. https://twitter.com/...
  • @alykhansatchu Aly-Khan Satchu on x
    The dog nosed around in the vegetable beds. FarmVille, our host confirmed pleasantly—it was a game, a farming simulator, played by tens of millions of people on Facebook—before asking if we might be interested in some eggs. @NewYorker https://www.newyorker.com/...
  • @secretsunblog @secretsunblog on x
    This is so appallingly stupid and terrible I am starting to wonder if Meta is all a giant troll. If not, this white elephant is going to be a disaster so epic that “Meta” will become synonymous with “catastrophic corporate boondoggle.” https://twitter.com/...
  • @hirorwar Hiro on x
    Walking through the Metaverse as my huge, fat cow girl VRChat avatar, knocking thousands of dollars of non-fungible wine off the shelves with my doorsplitting hips. Mark Zuckerberg is crying. Facebook market value has plummeted 65% in the last fifteen minutes. MetaObama is there.…
  • @ballmatthew Matthew Ball on x
    In 1995, imagine saying there'd be 4.2 billion webpages, 8.2 million servers, two thirds of humans would have smartphones and wireless data, 2.5 million iOS apps, and the UN would say the digital economy was worth $20T, Facebook would have 2B DAUs and 3B MAUs
  • @ballmatthew Matthew Ball on x
    Within 30 days, 30% as many apps were downloaded on ~1mm iPhone 1s as songs on 40MM iTunes accounts at peak iPod Jobs to WSJ “I would not trust any of our predictions because reality has so far exceeded them by such a great degree that we've been reduced to spectators like you”
  • @ballmatthew Matthew Ball on x
    With exception of Jensen's est, don't find this *notably* speculative tbh. Metaverse could fall dramatically short of present-day dreams, and still meet rest of forecasts Satya's is... now Sweeney's assumes Metaverse is ~5% of current digital economy Ma is... just Moore's Law htt…
  • @alykhansatchu Aly-Khan Satchu on x
    Watching Zuckerberg stroll through a blandly monied virtual set, appointed, as if from a drop-down menu, with books and trinkets and unused-looking sports equipment, I wondered if there were people who wanted this, or would find this vision exciting https://www.newyorker.com/...
  • @theythemitalian @theythemitalian on x
    why would i shop on vr. what does this give me that going to the store/using their website doesn't give. facebook bought oculus and now we're here https://twitter.com/...
  • @b_fung Brian Fung on x
    So much of this thoughtful piece on the metaverse is on point, but particularly how the words we use to talk about web3 (but really, all new tech these days) belies the financial interests behind it all: https://www.newyorker.com/...
  • @quinndupont Quinn DuPont on x
    “Money in the Metaverse” is no cause for nostalgia. Games evolve by mirroring our human world. https://www.newyorker.com/... https://twitter.com/...
  • @michaelluo Michael Luo on x
    .⁦@annawiener⁩: “I tried to imagine myself in a corporate-owned and venture-funded metaverse: a virtual axolotl in a virtual sweater, writing for a virtual magazine in a virtual office, hemorrhaging virtual money.” https://www.newyorker.com/...
  • @newyorker @newyorker on x
    For its makers, the metaverse will be stuffed with money, @annawiener writes—in every dimension, all the way down. https://nyer.cm/tZgR3YE