episode 46 - Metaverse 101: A primer on the next mega trend
Episode Summary
Many have heard the term "Metaverse" but are uncertain where to begin. Passing fad or lasting trend, what's it going to be? During this solo episode, Stephen will walk through popular use cases of the Metaverse – ranging from NFTs to Web 3.0 to decentralized finance – and in the end, provide an action plan to help listeners prepare for this paradigm shift. This intro is intentionally placed before our next episode with Cathy Hackl, Forbes writer and renowned futuris where we'll talk further on Metaverse concepts.
EPISODE HIGHLIGHTS:
[ 07:57 ] Definition Of Metaverse
[ 12:50 ] The 7 related sectors of emerging tech that make up the Metaverse ecosystem.
[ 18:15 ] What types of businesses will flourish with these emerging technologies.
[ 22:40 ] Mark Cuban and what he has to say about the term “Store of Value”
[ 26:18 ] A Walkthrough of each potential use case of a digital product, using the example of NBA TopShot
[ 31:28 ] What does Digital Collateralization Mean?
[ 32:00 ] Decentralization and Web 3.0 - how it follows owned media and the desire to eliminate the middleman across many industries.
[ 39:17] What is a DAO (Decentralized Autonomous Organization)?
[ 40:28 ] Walkthrough of the difference between centralization services vs decentralized service: using the example of depositing money at a bank versus using a decentralized finance protocol.
[ 44:45 ] What brands should follow: The “Grow-with-Us” community friendly vibe of the metaverse where early adopters don’t just get discounts, they get real-life connections and perks
[ 47:18 ] The Metaverse Action Plan: Following your interest and a list of seven people you should start following tomorrow to learn more these different emerging technologies.
Links Mentioned
Article:
“The Store of Value Generation is Kicking Your Ass and You Don’t
Seven Great People to Follow on Twitter to learn more about the Metaverse:
@CathyHackl - Renowned futurist. She writes a weekly Forbes column on the Metaverse
@DCLBlogger – Matty is an early leader on the NFT space and how it’s merging with the Metaverse.
@TheFirstMint – For the most recent Top Shot Analysis and News on Twitter and a weekly podcast.
@mcuban – Mark Cuban: Famous shark with insights on Entrepreneurship, NFTs, and Investing
@Melt_Dem – Meltem is a frequent guest on Bloomberg and CNBC who discusses finance and cryptocurrency.
@draecomino – Former ARK fund business analyst who covers Finance and Cryptocurrency
@raoulGMI - Head of Real Vision, a popular video series on macro finance, the global economy and the Metaverse.
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