Metaverse Equals Abundance

For the past few years, I put up a number of articles and videos pointing out how we are rapidly moving towards the Age of Abundance. This is based upon the progression of technology, a moved that we could say was topped by the development of cryptocurrency. While we are not there yet, we are going in this direction.

Building upon yesterday's article about Cryptocurrency and the Metaverse, we can now look into the abundant nature of this medium.

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As a preview to what is coming, in terms of the effects, we can look back to the smartphone to see how things unfold. Technology offers a couple of factors that really affect society: dematerialization and demonetization. When there is a massive technological advancement, we see how this comes into play.

If we use the smartphone as an example, consider what is contained on that device. All of these were once separate physical objects that cost money to acquire.

  • Road maps
  • GPS devices
  • Cameras
  • Music players
  • Video players
  • Film
  • Calculators
  • Encyclopedias
  • Dictionary
  • Timer/Stop Watch
  • Alarm Clock
  • Calendar
  • Laptop/PC
  • Photo Album

There are many more that people can add to the list. The point is that all on this list existed in the physical realm and now is basically code on a smartphone (computer). They no longer require materials and are basically free.

Money Was Dematerialized

There was a time, not too long ago, where almost all financial transactions were done in cash. Before computerization (and credit cards) payments were handled in the physical realm.

We know that detractors of cryptocurrency like to point to the elimination of cash as a negative characteristic. However, there is little doubt that the move away from physical money started a few decades ago. Today, most people in the developed world operate using "digital money". Without researching it, we can surmise that less than 10% of all transactions involved physical money.

Cryptocurrency is the next evolution in this process. While governments are busy looking into CBDCs, we can see how decentralized blockchains housing cryptocurrency radically alters the future of our financial system.

We are now dealing with currencies that were developed in the digital world; that never existed in the physical. Hence, they carry possible attributes such as being programmable. We see potential exist that was not possible before.

Of course, decentralized blockchains present the opportunity for anyone to create his or her own cryptocurrency. No longer do governments have a monopoly on the money supply. People are free to develop their own, applying use cases as they see fit.

Software Eating The World

We all have come across Marc Andreeson's famous statement that "software is eating the world". This is evident when we consider what the Internet is going to morph into. Viewed though this lens, we see how the Metaverse will gobble up much of what is out there.

The digital realm is faster, larger, and more productive than the physical. This is something that we learned by utilizing the Internet over the last 20-30 years. We are finding that as more of our daily activities occur online, we are able to move things faster than ever before.

Progressing towards the Metaverse means that we are going to see a host of industries converted, at least in part, to the digital realm. We can expect this to set off a massive explosion that will push humanity's productivity level to incredible heights.

Consider how we will be socializing, working, learning, communicating, and entertaining ourselves on this medium. Since we are limited by basically bandwidth and computational power, we find that all these areas can grow exponentially.

Just think how much more productive software made us thus far. Look at Windows™ and how that changed document production. People can produce and duplicate documents in a much quicker fashion than before. We could say the same thing about accounting software. How many more tax returns can the average accountant do simply by using basic software as compared to the old typewriter days? We can spread this across most industries to see the same results.

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Now let's extrapolate that concept to the Metaverse. Today, bands go on tour, filling arenas with maybe 15,000 people if they are very popular. Now consider the economies of scale if we were to do a concert in the Metaverse with 500,000 people watching. We could charge a lot less for the tickets yet rake in more money without the cost.

Of course, some would say that isn't the same as being there live. Many said that renting a film was not the same as going to the theater. They were right yet an industry that generated billions of dollars still sprung up as people rented films to watch at home.

Consider what this will do to commercial real estate. Here again we see the dematerialization of things. When the technology advances, Zoom™ meetings will take on an entirely new concept. Collaboration will take place like everyone was in the same room. The difference being is they will be all over the world.

Play To Earn

The gaming industry is now embarking upon this new concept. We are now seeing games being designed whereby people have the ability to earn while they are playing. This is a novel concept in that industry and epitomizes the next generation of the Internet.

This is possible because of the introduction of cryptocurrency. Through the use of fungible and non-fungible tokens, games can incorporate a payment system as well as ownership of digital assets. This is a major step forward, one that is not relegated to just gaming.

We can already see the foundation of different industries forming which are paying people to do a host of activities. As this expands, people are going to be operating in abundance simply by doing what they normally do.

Whereas the smartphone provided a great deal of abundance by enabling people to have the features they once paid for at no cost, the next realm is going to actually provide people with money. The former affected the expense side of the income statement where this is impacting the income side.

Essentially we are going to see people making more money since they are rewarded for doing what they normal do while the cost of things keeps decreasing. Anything that is dematerialized ends up demonetized. The digitization process instantly makes something abundant.

Thus, we can see how the Metaverse equals abundance. It is a massive digitization process that is going to eat up a lot more of the world around us. With addition of cryptocurrency, we see how all who are participating can be rewarded.


If you found this article informative, please give an upvote and rehive.

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Play To Earn

Besides Splinterlands, can you recommend/suggest good play to earn games, which can be playable in a browser, or have an Android app?

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To be honest with you @xplosive, I am not a big gamers. Rising Star seems to have a lot of positive posts so that might be one. #Exode is also one that seems to be working forward. I think many are doing well with Rabona also.

There are a few on #hive but I cant state how well some of them are doing other just scanning the headlines about them.

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I heard about Rising Star a few times, maybe even about Exode. And I also heard about other blockchain games, such as Prospectors, which is on the EOS blockchain. I tried Prospectors, but I do not play it because of the very slow progress.

Have some !PIZZA.

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pixresteemer_incognito_angel_mini.png
Bang, I did it again... I just rehived your post!
Week 64 of my contest just started...you can now check the winners of the previous week!
!BEER
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This metaverse theory sounds promising. It's somewhat of an answer of what an omogen universe would look like that I was wondering about, a few years ago. It connects plenty of dots and makes everything fluid.

I have a personal question though: why don't you make daily videos anymore?

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I do make daily videos. In fact I make two a day, one on my main account and one on the le account.

They are posted on 3speak.

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If we expand further on Splinterlands, we need to start rewarding people for their normal activity. Actifit is nice but it just doesn't seem to have the reach I think it would have.

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I agree with you on Actifit. I was optimistic about that project initially. They simply have not taken off at this point.

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Contrary to the traditional belief, gaming is an actual career now. Metaverse is going to take the industry to a whole another level. We will be getting tokens for completing missions in the virtual world through VR sets. 😂

The question is, who will build it first and what's going to be the role of blockchain in that?

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The Metaverse is going to really make gaming a career. In fact, it is going to bring a great deal more to the table in all areas. This is really something that we all need to pay attention to.

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3d headsets give everybody a front row seat.
With drone shots thrown in, it may be better to sit at home and watch it.
Especially with the coronavaxx not working on the lambda variant. 👀

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It is amazing to me how fast things can change. In 1983 when my husband was just getting into computer programming, he was always learning new things. Back then I would never have thought of all the things That can now be done online. This world is constantly changing and growing.

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Isn't that the truth? People at that time really didnt see the Internet coming. Hell, most of us didnt even know what the PC would do to society.

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LIsten folks we are moving to an age of abundance. The earth is full of resources. It's like the stats suggest enough resources to feed more than 10 billion people when there is only 7-8 billion people. So we're not in some economic connundrum we never were.

So what is the problem? The problem are you all.. So around here we can't escape 20th century economics. We got people going on autopilot parroting old 20th century economics. You understand what i'm saying? So first you have to understand that is moving has moved into an age that doesn't apply.

We keep this up based on the stupidiest of political ideologies and feelings that have no basis in the reality of what the global economy is. This is my concern and frustration with many of you all. I can only be patient because i once shared the same ignorance. I was the posterboy for fake capitalism. .I was a wallstreet hotshot.. I didn't just score enough to get by to work on wallstreet . i scored 95's and above on all my exams.

So i was the defender of this abomination you all worship So you may in time learn as i've learned. Unfortunately you haven't yet and crypto only mirrors what you all take with you. You go into the cave and you take that false crappy 20th century economic philosophies with you into the cave. There is enough to go around do you understand? The sooner you all stop pertuating the garbage the sooner we can move on.

It's going to be robots doing all the work.. Tech leaders say there will be no job a robot can't do that a human does. Now the question is who has fallen in such disbelief that won't be the situation. We depended on human agriculture moons ago. Have you ever actually in recent times seen people in fields doing farm work? How often.. Food is more accessible to people than its ever been. We throw away the food for no reason everynight just to prop up this satantic capitalist idea to which you're all devils to. In order to justify your place in it. It is unnecessary and ridiculous and it is total ignorance... or it may be worse you may know and still continue on.

I watched a 3d printer build almost an entire home in like a few hours. What's going to happen when everyone can create a nice affordable home for $50. Because its built out of some cheap nanoplastic that's indestructable? What's going to happen to the housing market. So all this stuff is fake. Don't be supporters in the lies and baloney just to have a seat at the table of nonsense. This nonsense you all do is only pushing this ever so much more. Which means you help suppport them to politically perpetuate these systems.. you vote for Donald Trump and all that. .we know he was only interested in lining his pockets anyway.

Maybe one day you'll all wake up. I hope so. We sure are awaiting that. As well stop using these cryptos that follow the same patterns thats not going to expand the crypto space. People going to look at crypto and go this is the same thing as the world we have now. It's just even worse. It's worse because the people who have more control are the same people that always had the control now they have more. In addition to that wht difference does it make to say decentralization is better and they still own teh entire networks almost. That doesn't make any sense.

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As all the things you stated move online, one can add warring as well. Seems the battles are already starting with the ransomware attacks.

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You have very interesting views and expectations on this entire crypto world, and I couldn't agree with you more. We are in the age of abundance!

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