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The Journal.

How to Build a Metaverse, Part 4: Why Build a World?

The Journal.

The Wall Street Journal

Business News, Daily News, News

4.25.8K Ratings

🗓️ 14 October 2022

⏱️ 40 minutes

🧾️ Download transcript

Summary

Second Life never went mainstream. But just because the platform wasn’t for everyone doesn’t mean it wasn’t for anyone. In part 4 of our series, we talk to longtime Second Life users about the lives they’ve built in the metaverse and what virtual worlds have to offer. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Hey, it's Ryan, co-host of the journal.

0:03.7

Today, we're bringing you the final episode of How to Build a Metaverse.

0:08.3

It's our series about one of the oldest metaverses out there, Second Life, and the company

0:13.0

that created it called Lyndon Lab.

0:15.6

If you haven't already, check out episodes 1 through 3 first.

0:19.5

They're already in our feed.

0:21.8

Last week, Second Life's booming growth hit serious headwinds.

0:26.3

In 2007, it seemed like the metaverse was just too slow, too confusing, and too weird

0:32.5

for most users.

0:34.5

But a lot has changed since 2007.

0:37.5

These days, companies are building new virtual worlds, betting that now is the time for

0:42.5

the metaverses big moment.

0:45.0

Producer Annie Minoff visited one of those new metaverses.

0:48.5

So it's about noon on Wednesday.

0:59.2

I am sitting on the floor of my bedroom with my VR headset on.

1:05.9

One afternoon last June, I strapped a $400 headset to my face and visited a place called

1:11.7

Horizon Worlds.

1:13.7

Hello, and welcome to Horizon.

1:17.2

It's a place where you can meet up with your friends and make new ones while exploring

1:20.8

virtual worlds.

1:23.7

Horizon Worlds was built by the company formerly known as Facebook, now called meta.

1:29.9

Last year, meta poured billions of dollars into becoming a metaverse company.

...

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