Diffusion Digital 2020 - Forging the Open Metaverse with Crucible

TL;DR

The gaming industry is experiencing a shift towards the concept of the open Metaverse, where virtual environments are becoming more prevalent. However, there are conflicting opinions on the extent of this shift and its impact on the gaming industry.

Transcript

about it okay I think we're luck all right we're live thank you everybody for being here this is we're gonna close out the day with a bit of a fun conversation if you saw our crucible fireside chat we we started talking about the concepts of the open Metaverse i'm ryan the co-founder and CEO of crucible this is Nicholas from Ubisoft he's the blockc... Read More

Key Insights

• 🤗 The concept of the open Metaverse is gaining importance due to the COVID-19 pandemic and increased time spent in virtual environments.
• ❓ The integration of blockchain and DAOs in the gaming industry can empower players and make them stakeholders in their gaming experiences.
• 🦾 The adoption of Web 3 technologies in gaming is a gradual process due to existing transactional mechanics and concerns about accountability to shareholders.
• 🤗 The open Metaverse has the potential to create a more collaborative, inclusive, and personalized gaming experience.
• 🤗 The convergence of various technologies, such as blockchain, AI, and neurophysics, is essential for the development of the open Metaverse.
• 🤗 The preservation of human connection and social component is crucial to ensure a positive and inclusive open Metaverse.
• 🤗 The open Metaverse can revolutionize not only the gaming industry but also the future of work and how society organizes itself.

Questions & Answers

Q: Is the Metaverse a replacement for traditional gaming, or is it a complementary addition?

While some believe the Metaverse will replace traditional gaming, most see it as a complementary addition that offers new dimensions and experiences to players.

Q: How does Ubisoft define success in the next five years in the context of the Metaverse?

Ubisoft aims to have a functioning product that utilizes blockchain and DAOs to empower players and make them active participants in shaping their gaming experiences.

Q: How do executives in the gaming industry perceive the integration of Web 3 technologies?

Many executives are hesitant to integrate Web 3 technologies due to existing transactional mechanics and concerns about accountability to shareholders. However, there is a gradual shift towards a more open-minded mindset.

Q: What infrastructure is missing in order for the open Metaverse to become a reality?

The infrastructure needed for the open Metaverse includes better data protection, personalization of virtual spaces, and improved tools for creation and collaboration.

Summary & Key Takeaways

• The concept of the Metaverse, a virtual environment, is becoming more relevant due to the COVID-19 pandemic and increased time spent in virtual spaces.

• There is a division between traditional gaming paradigms and the new way of thinking brought about by the Metaverse, with some seeing it as a complementary addition rather than a replacement.

• Ubisoft is exploring the use of blockchain and decentralized autonomous organizations (DAOs) in gaming to empower players and make them stakeholders in their gaming experiences.