Savina Taylor

The “metaverse” is best defined as a network of meaningful worlds, objects, identities and experiences that build on each other and the real world in ways that create economic value or provide fulfilling experiences. This network will unleash innovative businesses offering sophisticated digital assets, creating new jobs and expanding human opportunity.

However, all this potential remains largely unrealized due to technical, experiential, and accessibility challenges. In addition, the absence of a functioning technological and economic system that allows builders and creators to support one another's work means we are stuck with either very open and decentralized but non-functional metaverse frameworks that major companies can’t use or popular but fundamentally closed UGC gaming platforms with limited freedom to build major businesses on top of them. A fully realized practical metaverse ecosystem is a network of many actors, all with their own needs and interests, all of whom have to be able to credibly build real businesses.