For the final time — Metaverse is not Meta, End of Story…
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Jeff: We’ve seen a lot of articles saying that the Metaverse will fail in 2023. The one concept people mention is that there’s a huge difference between Meta and the Metaverse, right? I mean, Meta is a company that has a space kind of like Microsoft, which has a space, like alt space, which I think they recently shut down, kind of like spatial, so would you get to comment on those people who are writing articles based on that? Because I recently saw this article, and I was like, it’s a major difference. It’s not a company; it’s a space out there. Could you get a comment on that?
Michael: Yeah. I mean, meta is not the Metaverse. Suppose you want to call Horizon World their metaverse solution. I teach a class on this at UCLA Extension. And I ask my students to go on these different platforms, and horizon World is okay. It does what it’s supposed to do, but it doesn’t reach the promise of what we all believe the Metaverse will eventually hold, which is a beautiful experience. Something that is not just kind of anyone can create a world, but one where the worlds and the experiences are transcendent.
They go beyond, well beyond, what’s limited. And this will all work itself out over the next, I don’t know, three to ten years, three to 15 years, whatever. I will say last year was kind of the hype was so big that it was challenging because we fielded so many calls from people looking at how they could get rich in the next six weeks. We got to let people who would propose; I got a concept. If you build it, I don’t have any money, but I got a concept. If you build it, we’ll share the money. And we have a lot of those calls.
But honestly, the idea of the Meta versus Dead is wrong too. And I’ve talked to many people about this, and you get a lot of different opinions. But I can tell you from the vantage point that I have, and at least I can’t share the details. Of these conversations, we talk with, and we work with, a lot of corporations, and big companies, at the highest level. Fortune. Not just Fortune 500, but Fortune Five, Fortune 50.
And these companies are not going away with this idea. They’re not looking at the Metaverse and saying, no, we won’t do that. Instead, they’re taking this, I think, appropriate response, which is, this is just the beginning, and this technology is not fully mature, but it’s not also something that they want just to put on the back burner and say, we’ll get to it someday.
They say it’s worth expending a certain amount of time, energy, and resources to study, test, and prepare for when this becomes everyday. So I think that the analogy is the Internet; if you go back, I’m old enough that when I was in college, my first year, the Internet was just a black screen with little green text. There were no pictures.
It was just little green text, and that’s what the Internet was. And you could send messages and everything, but it was a good six years or so from that point where you’re just looking at green text on a black screen to the world of advertisements and search engines. So we are in that stage on the Metaverse where maybe we’re in year one or year two right now of what will likely be a five to ten-year maturation of where the technology gets to where people are using it all the time.
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