Society is about to begin moving into the Metaverse.
As we build the Metaverse - the infrastructure that coordinates us, the rules that govern us, and the avatars that represent us - we lay the foundations for a new civilization.
What is the Metaverse?
The Metaverse is a massively scaled and interoperable network of real-time rendered 3D virtual worlds which can be experienced synchronously and persistently by an effectively unlimited number of users with an individual sense of presence, and with continuity of data, such as identity, history, entitlements, objects, communications, and payments. (Matthew Ball, 2021)
What is the Metaverse Mind Lab?
Metaverse Mind Lab is a company creation studio building AI-enabled solutions for a Metaverse that enhances human flourishing.
The Metaverse is entering a hype cycle. To stay grounded, we focus on opportunities enabled by three economic insights:
1. The Metaverse lowers the cost of cognitive immersion
2. The Metaverse increases the value of property rights over digital assets
3. The Metaverse lowers the cost of obtaining AI training data
The first point, cognitive immersion, is especially important. Controlling the visual and audio sensory inputs to our minds via VR seems trivial and gimmicky at first, but in fact it is profound. Everything that every person has ever experienced throughout all of history is based on the sensory information sent to their minds for processing. Once we can choose our sensory inputs we can choose our experiences. This will transform how and where we interact with each other (social), how, where, and what we learn (education), how and where we do our jobs (work), how and where we find pleasure (entertainment), and what we want as well as how and where we obtain it (commerce).
We are early in the evolution of the Metaverse. The studio approach allows us to share learnings across all our portfolio companies (economies of scope). For example, learnings about VR, real-time rendered 3D virtual content creation, property rights, payment systems, and relationships with ecosystem players, are leveraged across all portfolio companies.