From Microsoft to Meta, the race is on to sell an amorphous concept that no one really wants them to build.
and chin-strokers, NFTs, a type of cryptocurrency tokens regarded as digital title deeds, will be core components of the Metaverse.
That is when and if such a thing ever exists, of course. The Metaverse is a fuzzy concept: It entered dictionaries via Neal Stephenson’s 1992 dystopian sci-fi novel, where the Metaverse is the virtual refuge from an anarchy-laden world controlled by the Mafia, and was brought back by a series of blogposts by VC Matthew Ball.
, we are witnessing “a terminological land grab”: Companies and entrepreneurs have sensed some kind ofcoming in the air, and they are scrambling to call it the next big thing, put their label on it , and find ways of monetizing it. The question is whether we—the intended users—will go along with it. The shift that Big Tech has spotted is obvious: Over the past few years people have started spending much more time online. The Covid-19 pandemic accelerated that vertiginously. For the white-collar workers who were asked to work from home, the office instantly shrunk to the size of a screen. Free time, for identical reasons, was also forced to find digital alternatives.
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