BREAKDOWN: What Facebook’s Patents Tell Us About the Fight for the Soul of the Metaverse
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 23 January 2022
⏱️ 12 minutes
🧾️ Download transcript
Summary
Will an open metaverse or a corporate metaverse win?
This episode is sponsored by Nexo, Abra and FTX US.
On this week’s “Long Reads Sunday,” NLW reads David Z. Morris’ “Meta Leans In to Tracking Your Emotions in the Metaverse.”
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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Time” by OBOY. Image credit: George Frey/Bloomberg/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.
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Transcript
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| 0:00.0 | Welcome back to The Breakdown with me, NLW. |
| 0:08.9 | It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world. |
| 0:14.9 | The breakdown is sponsored by nexo.io, Abra, and FtX, and produced and distributed by CoinDesk. |
| 0:22.6 | What's going on, guys? It is Sunday, January 23rd, and that means it's time for Long |
| 0:28.0 | Reads Sunday. And today, the theme is the corporate versus open metaverse. Before we get |
| 0:34.9 | into that, however, if you are enjoying The Breakdown, go subscribe to it, |
| 0:38.4 | rate it, review it, or join the Discord. The Breakers Discord is where we discuss not just the |
| 0:43.6 | shows, but anything going on in this industry or, frankly, beyond. You can find the link in the |
| 0:48.5 | show notes, or you can go to bit.ly slash breakdown pod. Finally, a disclosure. In addition to them being a sponsor, I also work with FTX. |
| 0:57.2 | Now, one of the big themes from this week that we've been discussing, especially in light of |
| 1:01.4 | Microsoft's big acquisition of Vactivision Blizzard, is that there are very competing |
| 1:06.0 | visions for a Metaverse coming to market. |
| 1:09.0 | One is an open, permissionless, interoperable kind of crypto-powered system. |
| 1:13.6 | The other is a new type of owned-walled garden that sure maybe has NFTs, but ultimately is |
| 1:19.4 | still controlled by the same people who control all the social networks and internet experiences |
| 1:23.6 | now. |
| 1:24.7 | We should remember, right, that the term Metaverse has an inauspicious origin. It was coined |
| 1:30.0 | by Neil Stephenson in the book Snow Crash and referred to a corporate dystopia. Even the oasis of |
| 1:35.5 | Ready Player 1 was a corporate affair ruled by a benevolent dictator, and the whole battle was trying |
| 1:40.4 | to keep control in the hands of a nude benevolent dictator. And I think this is relevant |
| 1:45.0 | because when Facebook announced their shift to meta, there was sort of shockingly all positives |
| 1:49.6 | in the crypto industry. And on the one hand, it's understandable, right? It was validation. |
... |
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