Why you never heard the words “metaverse” or “VR” at WWDC23.

Metaverse market value predictions
McKinsey: $5 trillion
Citi: $13 trillion

Reality:
https://www.thenation.com/article/culture/metaverse-zuckerberg-pr-hype/

https://www.businessinsider.com/metaverse-dead-obituary-facebook-mark-zuckerberg-tech-fad-ai-chatgpt-2023-5

via @FrankPasquale

Lessons From the Catastrophic Failure of the Metaverse

Did the “creative class” learn anything from buying into a product that was obviously destined to flop?

The Nation

@counternotions @FrankPasquale and yet ignorant writers have been dumping on Mastodon with wild abandon.

The free copy of Blue Team Diaries I won in a contest run by @SecureOwl through this network is worth almost 5% of all the income every generated by the Metaverse.

Real profit!

@counternotions @FrankPasquale @boxofrain Decentraland? I’m clearly not connected up to all the latest and greatest, but, Decentraland?
@dcrooks @counternotions @FrankPasquale
It does seem *very* few people weee connected up to Decentraland.

@dcrooks @counternotions @FrankPasquale

As a side note @mcmansionhell’s new gig at the Nation is pleasing.

@boxofrain @dcrooks @counternotions @FrankPasquale
First time I heard the name Decentraland was when [Folding Ideas] talked about what went on there, or more importantly what wasn't happening there
https://mas.to/@tshirtman/110652629953398494

I mistakenly thought this was some parody of Metaverse like when Banksy made Dismaland
https://dismaland.co.uk/

Gabriel Pettier (@[email protected])

@[email protected] @[email protected] https://www.youtube.com/watch?v=EiZhdpLXZ8Q this glorious takedown of the whole premise really hit home for me months ago. I like VR, i bought two devices and i use it daily at work, but the *metaverse*? like talking to people there and worse, buying stuff? no thank you, it's a terrible idea, but i just didn't know how terrible until i saw that.

mas.to

@counternotions @FrankPasquale https://www.youtube.com/watch?v=EiZhdpLXZ8Q this glorious takedown of the whole premise really hit home for me months ago.

I like VR, i bought two devices and i use it daily at work, but the *metaverse*? like talking to people there and worse, buying stuff? no thank you, it's a terrible idea, but i just didn't know how terrible until i saw that.

The Future is a Dead Mall - Decentraland and the Metaverse

YouTube
@tshirtman @counternotions @FrankPasquale That's a wonderful explanation of the "MetaVerse" and its hype. The credulity of journalists, exemplified in the Decentralland Fashion Show, is something to behold, but also ties nicely with his NFT/crypto video https://youtu.be/YQ_xWvX1n9g.
Line Goes Up – The Problem With NFTs

YouTube

@counternotions @FrankPasquale

"It will not provide anything of lasting value or of considerable productiveness to society."
"The tech industry does not like architecture or the arts."

Amazing, how I try to do the exact opposite of this.
I want my projects to be of lasting value. And they should increase productivity so people can concentrate on things, they find more important.
By being a framework or architecture.

And all to create or consume art.

At least, I am aiming for it.

@counternotions @FrankPasquale

Even I, a long-ago dabbler in #OpenSim knew Decentraland didn’t have much going on.

They could do some reporting, there are plenty of websites they could have cribbed from.

If the big gaming platforms figure out a way to offer Hypergrid like homegrown hobbyists have done with OpenSim, #DreamGrid #Kitely or the like, we could get into #ReadyPlayerOne mode.

https://www.fastcompany.com/90913837/lego-epic-games-fortnite-unreal-metaverse-not-dead

@RoLarenRED57 @counternotions I guess or I hope that enough people have noticed that #Decentraland simply isn't what it promises to be, instead being more reminiscent of a pyramid-scheme scam.

Not only is the world itself buggy as hell because Decentraland is all about making crypto money, and the 3-D world doesn't even matter, but it also isn't decentralised, and it certainly hasn't invented decentralised 3-D virtual worlds.

#OpenSimulator has done that. In January 2007. And it has invented federation between decentralised virtual worlds in 2008 with the #Hypergrid.

Just to illustrate how decentralised #OpenSim is:

It is free and open-source, it is not owned by a company, and anyone can install their own grid (= world). There's even a special, third-party OpenSim "distribution" named #DreamGrid that makes it easy for people with no experience in running servers to install their own grid on their Windows computer at home. It has been installed way over 3,000 times already.

There are more than 400 active grids currently, possibly many more because stats about DreamGrid aren't easy to get. The Hypergrid lets an avatar registered on one grid travel to almost all the other grids, appearance, settings, inventory and all.

There isn't even an "official" grid. #OSgrid comes closest, and it contributes to the development, but it's still third-party. The devs don't have a grid. The lead dev, Ubit Umarov, only owns a sim attached to OSgrid.

OpenSimWorld, the main sim listing and community hub, is third-party yet again, run by someone who in turn only owns a few sims attached to OSgrid and not a grid of his own.

There are two virtual currencies that aren't limited to one grid each, Gloebit and Podex. Both are third-party again, and AFAIK only Gloebit offers one deposit for all grids. Most grids don't support payment at all. None of them are cryptocurrencies. OpenSim works entirely without a blockchain, without cryptocurrencies and without NFTs.

For comparison, Decentraland is a monolithic, centralised silo. It has only got one "instance" which is owned and operated by the owners of Decentraland itself, the Decentraland Foundation. The only "decentralised" thing about Decentraland is that it has its own cryptocurrency rather than relying on an existing one like Dogecoin.

By the same logic, Twitter is decentralised because it doesn't rely on Facebook or Google. OpenSim is as decentralised as Mastodon would be if mastodon.social and mastodon.online didn't exist.
Netzgemeinde/Hubzilla

@counternotions [laughs in way over 30,000 monthly users in free, open-source, non-commercial, actually decentralised and federated 3-D virtual worlds that have referred to themselves as metaverses as early as 2010, if not earlier]
@counternotions @Wolven @FrankPasquale Meanwhile; I, and hundreds of thousands like me, are waiting, waiting, waiting for prescription Google Glasses (or the equivalent) that can project closed-captioning for the hearing impaired. We would each cheerfully pay thousands.
@counternotions @FrankPasquale It wasn't supposed to be like this. I had the early gear vr and it was filled with wonderful content. Astronomy programs, views of Mars, A movie theater with indie short sf films, a cartoon-like modernistic arcade with games, beautiful 3-D imaginary landscapes to explore, and a program that allowed you to sit at an edge of a cliff, or around a fire and speak with others from all over the world. You could turn your head and look at their avatars.
@alcinoe @FrankPasquale VR is very hard, very narrow, very expensive, and very difficult to monetize, especially as an open platform.
@counternotions @FrankPasquale while I'm all for dunking on Zuck and Meta, the real takeaway here is just how *wrong* McKinsey and Citi (who are among the kingmakers, mind) managed to be.
Either they're incredibly gullible (which wouldn't be good) or they're in on the steal (which wouldn't be good) but, in any case, the idea that they're the ones who decide what companies get to live is chilling.
@pgcd @FrankPasquale They maybe greedy, but they're not gullible.
@counternotions @FrankPasquale no argument re: greedy, but I wouldn't discount the gullible thing - somehow Zuck made a lot of money and if Zuck tells you he's gonna make more money, it might be easy to become gullible.
@pgcd @counternotions @FrankPasquale Has it occurred to any of these people that maybe, possibly, just maybe, they're not actually magical super geniuses, but just some nerd who happened to be in the right place at the right time and tripped over huge piles of cash in a casino that's going mad as it collapses?
@violetmadder @counternotions @FrankPasquale nah, that would require the kind of introspection that techbros and investors surgically removed when they were children.
@pgcd @counternotions @FrankPasquale
What are they saying about generative AI?
@counternotions @FrankPasquale I think this is a terrible framework to assess the “metaverse”. Zoom calls are just flat but have the same social gathering as will the spatial multiverse in the future. I called Decentraland’s premise as hype from the get go and i believe any walled garden that doesn’t allow interoperability is going to have to be spectacular or be in hot water. That said VRchat has done well. Also check out Spatial.io super useful WebXR metaverse
@counternotions @FrankPasquale <dies laughing> I mean, I think everyone except Zuck and his yes-men knew the Metaverse would be a failure, but I didn't expect it to be an even bigger failure than, say, Fyre Festival!