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While some advocates claim new technologies like NFTs can enable portable digital assets, this simply isn’t true, and bringing items from one video game or virtual world to another is an enormously complex task that no one company can solve. It’s difficult to parse what all this means because when you hear descriptions like those above, an understandable response is, «Wait, doesn’t that exist already?» World of Warcraft, for example, is a persistent virtual world where players can buy and sell goods. Fortnite has virtual experiences like concerts and an exhibit where Rick Sanchez can learn about MLK Jr. You can strap on an Oculus headset and be in your virtual home. Tech giants like Microsoft and Meta are working on building tech related to interacting with virtual worlds, but they’re not the only ones.
Despite this, the idea of a Ready Player One-like single unified place called «the metaverse» is still largely impossible. Coca-Cola launched a «flavour born in the metaverse» alongside a Fortnite tie-in mini-game. We have a vague sense of what things currently exist that we could kind of call the metaverse if we massage the definition of words the right way. And we know which companies are investing in the idea, but after months, there’s nothing approaching agreement on what it is.
Meta thinks it will include fake houses you can invite all your friends to hang out in. Microsoft seems to think it could involve virtual meeting rooms to train new hires or chat with your remote coworkers. At one point during Meta’s original presentation on the metaverse, the company showed a scenario in which a young woman is sitting on her couch scrolling through Instagram when she sees a video a friend posted of a concert that’s happening halfway across the world. The video then cuts to the concert, where the woman appears in an Avengers-style hologram.
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