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The Open Metaverse thesis – Designing the Future

3 Aug 2021, 00:00, ,

Jamie Burke is the Founder & CEO of Outlier Ventures. Jamie and his team are authors of The Open Metaverse thesis which explores how the Web 3.0 Stack extends beyond financial services into virtual worlds, gaming, and decentralized economies.

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Outlier has created a framework to assess and interrogate Metaverses, and a toolkit to design alternatives based on the principles of user centricity and sovereignty of identity, data and wealth. They call it the Open Metaverse OS, a shared and open operating system built upon the success of decentralized protocols, in particular DeFi and NFTs emerging in the Web 3 Stack.

Jamie says it is important to understand that the beginnings of the Metaverse are already here and if we think of it as a far off destination we will sleepwalk into not addressing some fundamental design choices and replicate what is broken about the Web today.

Epic Games CEO Tim Sweeny said “The Metaverse is going to be far more pervasive and powerful than anything else. If one central company gains control of this, they will become more powerful than any government, and be a god on Earth.” For this reason, it is crucial that the metaverse is designed on open and permission protocols.

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