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> Still, I don’t think the “metaverse” or non fungible tokens will have any long term relevance simply because nobody was asking for this crap to begin with. I

> Still, I don’t think the “metaverse” or non fungible tokens will have any long term relevance simply because nobody was asking for this crap to begin with. I listened to the podcast between Lex Friedman and Mark Zuckerberg the other day and I remember Mark describing the metaverse and one comment got me, he said how you would no longer have to go to a concert or gathering to be there, you and all your friends could join up and go see it in the metaverse. And I thought to myself "Mark, this is not why people go to concerts". Yes people go to concerts to hear the music, but that's only part of the draw. It's the vibration in the floor, the screaming fans, the whole environment that makes you want to go, not just the music. I think that Facebook is making a grand miscalculation with the metaverse. They assume people will "Do X in the metaverse" versus "Doing X in real life", missing the point that people don't necessarily go do X for X itself, they do it for all the other small reasons including X.

pureliquidhw 5y ago
I would have agreed with you back when I only watched concerts that cost $20 bucks and the seats were General admission. But lately most acts I see are $100+ and you're assigned a seat and eventually everyone stands. Examples include Foo Fighters, TSO, Dream Theater, Book of Mormon (no standing), and Doobie Brothers. All were at different venues and all were enforced assigned seats with no energy allowed. I'm not sure VR is there yet, but I bet in less than a decades time there will be economical virtual options that achieve parity of experience for some people. I'm not claiming it's the same for everyone. I'm not claiming concerts are going to go away. I do however see a valid business opportunity in creating a new class of seat. Remote workers could go together, long distance relationships could make it a date. Rural Polish fans of Japanese metal could see a more immersive set than just a YouTube video. The issue I see is that FB doesn't have a moat for this type of experience. Anything in the metaverse can be replicated by MS (discord + Xbox), Sony (hardware experience + Playstation), or maybe a partnership between Valve, ticketmaster, and Twitter. In short, virtual concerts, probably. FB being saved by them, probably not. But hey, I've been wrong about Facebook since their IPO.
- onetokeoverthe 5y ago

pureliquidhw 5y ago

I would have agreed with you back when I only watched concerts that cost $20 bucks and the seats were General admission. But lately most acts I see are $100+ and you're assigned a seat and eventually everyone stands. Examples include Foo Fighters, TSO, Dream Theater, Book of Mormon (no standing), and Doobie Brothers. All were at different venues and all were enforced assigned seats with no energy allowed. I'm not sure VR is there yet, but I bet in less than a decades time there will be economical virtual options that achieve parity of experience for some people. I'm not claiming it's the same for everyone. I'm not claiming concerts are going to go away. I do however see a valid business opportunity in creating a new class of seat. Remote workers could go together, long distance relationships could make it a date. Rural Polish fans of Japanese metal could see a more immersive set than just a YouTube video. The issue I see is that FB doesn't have a moat for this type of experience. Anything in the metaverse can be replicated by MS (discord + Xbox), Sony (hardware experience + Playstation), or maybe a partnership between Valve, ticketmaster, and Twitter. In short, virtual concerts, probably. FB being saved by them, probably not. But hey, I've been wrong about Facebook since their IPO.

onetokeoverthe 5y ago