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Source: Substack
Original title: Communism vs Freedom
When generations imagine the future, they are often still far away. This is because they can only use the past and present as the basis for these predictions, and we classify the future as a major leap forward in technology. However, the word meaning is completely subjective. To you, reading this while sitting on a computer that is more than 100,000 times more powerful than the one that put us on the moon 53 years ago, from a sharpening stone to something that now resembles a knife, would not be technology. A major leap forward.
This technological leap would have been huge for our now-extinct relatives, Homo erectus. Humans have existed with the same cognitive abilities for 70,000 years. Homo erectus walked the earth for about 2 million years, but their technology remained stagnant and never evolved beyond various forms of sharp stone. In the absence of technological progress, do they have a future?
Over the past 60 years, the future of mankind has been emphasized as the world of bits, that is, the digital realm. This digital realm goes by many names: Web, , Net, Cyberspace, and now the Metaverse.
What will our Metaverse look like in the future?
Almost everyone building and investing in web3 technology is a futurist. futurists naturally look to the future with enthusiasm and excitement. They were early adopters of the Internet, they were early adopters of web2 applications, and they were early adopters of web3. Futurists are okay with jumping off cliffs into unknown abyss. This is why they are often entrepreneurs as well.
The end users of these technologies are not, for the most part, futurists.
This means that they will only look at the future with energy and excitement when it seems securely rooted in their current reality and improves on it.
Why do people view Tesla and Elon Musk with awe rather than fear?
Tesla is:
✅ Rooted in their current reality - cars
✅ An improvement on that reality - — Faster, sleeker electric cars
For most people, the Metaverse is somewhere between video games and the virtual reality hell of Mark Zuckerberg .
Metaverse is not:
❌ Rooted in their current reality - people do not spend their waking hours in immersive virtual reality environments
❌ Improvements on their current reality - Metaverse connections are improvements on the internet Not sure yet.
Is a collection of many trends, not one trend
The model of understanding that needs to be implanted in the cultural zeitgeist is that the Metaverse is not a scary “thing”; rather, it is a collection of independent trends that are Come together into a whole.
The most important of these trends are:
- More people are getting online
- Screen time is increasing
- Remote work + COVID
- Technology is becoming more immersive
- Gaming (penetration and investing)
- Blockchain and NFT allows digital ownership
The world is online
Before we have a connected virtual world where people work, play and cultivate relationships, we need an internet connection. The global Internet access rate increased from 50% in 2019 to 63%[1]. 91.5%[2] of North Americans have reliable internet access (89.5%[3] have reliable food access).
Internet access is also increasing in developing countries. From 2019 to 2021, Internet access in developing countries increased by 13% (44% to 57%). Internet accessibility increased by 7% in the world's least developed countries compared to 2019-2021, while their average year-on-year growth rate was approximately 1.5%.
2005 - Percent of people using the internet in 2021
Screens dominate our waking hours
Not only are more people online, these people are also online more often and for longer periods of time. 91% of American adults say they go online at least every day. 31%[4] of respondents admitted that they use the Internet “almost constantly”. The average person spends 7 hours a day (about 40% of their waking hours) in front of some type of screen.
Remote work is here to stay
There is a “return to normal” narrative that many people are clinging to. The truth is, the world will never completely go back to the way it was. Pre-coronavirus, the suggestion of meeting online would have been strange, especially if the person was within a commutable distance. Now, the company is closing a $100 million+ fund to build unicorn without ever meeting a single investor or colleague in person. The coronavirus has shown everyone that most desk jobs can be done from home. Of the 2,050 full-time remote workers surveyed, 90% believed they were as productive or even more productive at home than in the office. By 2022, 25%[5] of professional jobs in North America will be remote.
games have become mainstream
with nearly 3 billion players worldwide. These people greatly enjoy forming close connections with people they have never met and likely will never meet. More than 50% of American children aged 9-12 play Roblox at least once a week. Without knowing it, these children are being prepared to work with and form friendships with people they have never met. They are also being trained on how to interact quickly and successfully in the complex digital economy of and . One day, these digital economies may be worth more than today’s global economy.
The virtual goods economy is estimated to be worth US$30 billion and is expected to grow to US$190 billion by 2025.
Immersive technology is getting better
In 2 million years, our friend, Homo erectus, has never been on a sharpened rock. Samuel Morse sent the first ever telegraph message, "What did God create?" - just 178 years ago. We can now interact with those living on Earth in an open, immersive virtual world People on every continent communicate instantly. Extended reality technologies—such as virtual reality, augmented reality, and mixed reality—have long captured our collective imagination as the technology proliferates as a society. Spec, it scares and excites us. The extended reality industry is expected to grow from $45 million to $330 million by 2025. About 20% of Facebook’s employees work in the company’s AR/VR division, which is called Facebook. Reality Lab.
60s advertising, imagining the future of phones
The Big Unlock
The biggest unlock for the future of our collective metaverse comes from NFTs and blockchain technology NFTs have become the basic atomic unit of the metaverse. . They make the digital world real ownership. They represent rights, they represent the rule of law.
The metaverse is the ownership of the Internet
Most of the value and property belongs to Google , Apple , Microsoft , Meta , , Amazon, , etc. Countless hours spent on Facebook, Google, Reddit are lost, and you gain no value from your interactions on these platforms, even though these companies gain financial value from your interactions. The universe is already here, but it is communist.
But how many people climbed over the Berlin Wall to get into the Soviet Union? How many people fled South Korea for North Korea?
Before the advent of NFT, for the platform, We are just tenants. The time is ripe for mining value.
With NFT, we are in the same position as the platform and have the same rights.
Without a metaverse based on blockchain technology and true ownership. It will be the big technological hell we all fear.
We want to live in a metaverse where we can freely control our own destiny, and that starts with true ownership through NFTs.
[1] https://www.statista.com/statistics/209096/share-of-internet-users-in-the-total-world-population-since-2006/
[2] https://ourworldindata. org/internet
[3] https://www.ers.usda.gov/topics/food-nutrition-assistance/food-security-in-the-u-s/key-statistics-graphics#:~:text=Food%20Insecurity %20(map)-,Food%20Security%20Status%20of%20U.S.%20Households%20in%202020,from%2089.5%20percent%20in%202019.
[4] https://andrewsteinwold.substack.com/ p/communism-vs-freedom
[5] https://www.forbes.com/sites/bryanrobinson/2022/02/01/remote-work-is-here-to-stay-and-will-increase-into- 2023-experts-say/?sh=4194c63220a6
Editor in charge: Kate
