Stephenson said there are two main things that people get wrong, in his view, when they talk about the metaverse these days. So, what is the open metaverse, and what isn't it? I think people understand the way it works: companies latch on to a word and use it for their purposes in a way that helps them achieve their goals as a business, and and it's left up to we as consumers to kind of look at that and hopefully cast a skeptical eye on it." The company's stated purpose is to help creators build the "open metaverse," the term Stephenson says he uses to differentiate it from the current corporate versions of metaverse.Ĭalling it an "open" metaverse, Stephenson said on the latest episode of Decrypt's gm podcast, "works pretty well. 30 years later, Sotheby's is auctioning off rare items associated with the book, and Stephenson is working on a new layer-1 blockchain company for the metaverse, Lamina1. Neal Stephenson coined the word "metaverse" in his seminal 1992 sci-fi novel Snow Crash.
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