As We Get Ready to Join the Metaverse, Is the Metaverse Ready For Us?
A Rundown Analysis Through "Into the Metaverse: A Crypto Conversation."
How many of you have heard the following comments in the past few months?
You better get a VR headset now or you are going to miss all the action happening in the metaverse.
How come you haven’t bought real estate in the metaverse yet? You’ve got to get in on this now!
Did you see McDonald’s is going to accept cryptocurrency and offer some NFTs?
Now that Facebook has changed its name to Meta, you need to start thinking about how you want your Avatar personality to act and look like.
Aren’t these all good issues if we're trying to stay up to date? Well, that’s what we thought, especially when we saw the note from Bill Gates saying most Zoom calls will migrate to the metaverse in the next two or three years. Are we already too late to join the professionals in the metaverse now?
Trying to figure this out in the past few weeks, we suddenly received a 35 minute video done by Fidelity Investments called “Into the Metaverse, A Crypto Conversation between Chris Kuiper, Director of Research at Fidelity Digital Assets, and Alex Lieberman, Co-founder of Morning Brew,” which claimed to be done in the metaverse.
OMG! Are we too late? Is there even a prayer of a chance that we can catch up? We better watch the video to find out.
Don’t worry, we watched it for you. Here are our thoughts throughout the video.
Minute 1
It looks a bit surreal. Panning the audience doesn’t seem to really show much movement while they’re sitting. Wondering if it’s fake or real, and if it’s real, this is a very stiff audience.
Minute 1:15
Well, there always is a joker in the crowd, and someone dressed up like a frog. A bit confusing, wish more explanation or a shout out would have come there as to why. Shouldn’t this have been a bored ape… LOL. Maybe we can offer some value to these folks!
Minute 3:40
Well, well, well… here are two cutting-edge, influential experts on the metaverse making hundreds of thousands of dollars, and they can’t even pick up a coffee cup?
Isn’t that like someone trying to teach me how to hit a baseball, and they tell me everything to do to hit it, but when we go out in the field, they don’t know how to pick up the bat? Hmmm, maybe we aren’t so far behind the “experts” after all.
Minute 4:15
Something is bothering us about this metaverse interview, and it finally dawns on us. There is no movement in either experts’ talking bodies below the belt! Did they do this on purpose?
Minute 7:30
Still no movement from the experts below the belt of their bodies, and this is really distracting us. I know on Zoom calls sometimes we only wear shorts because we don’t show our bodies below the belt, but is this really an improvement to a Zoom call? We want to shout, “stand up!”
Minutes 8-20
They are talking about an introduction to crypto, and although it is much simpler than most explanations we have heard, we would tell our readers to go back and read the article we shared in early March called “Is Crypto Bullshit?” It will take you through the story of someone who thought it was and changed their mind.
Minute 23:30
At around this time, we think the most important part of the video is highlighted and that is where the two experts explain that NFTs are much more than just collectable items. They are the means for the metaverse to have personal property rights, memberships and scarcity/exclusivity products, which can create value. This is really, really important to us as we think about how NFTs are going to evolve.
Nice job you two! Now, can you please just move your legs?
Minute 27:15
This is the second most important piece we took from the video, which is a reference to the Dot.com boom and bust. This is where there were great tech companies operating and you had a chance to buy Amazon and Apple stocks for 80 percent less when the bust hit and no one wanted anything to do with either of the companies.
Chris and Alex, which ones? Please, I am ready to write them down.
Minute 29:10
Another great minute by Alex using the example of how a content creator can sell physical assets, such as T-shirts or recordings of concerts, for crypto tokens. Now you have us brainstorming about how to make money. You guys mind if we spoof this video and charge for it?
Q&A Segment
We didn’t hear much in the Q&A segment to summarize, but our net takeaway on this video is that our worry about if the metaverse train has already left the station without us is not true. It is still very early and lots of trendsetting ideas or killer apps are not ready for prime time.
We are going to keep looking for ways that make sense to get into this area for our readers, but relax, you haven’t missed much yet. Would bet anyone who can make the body below the belt move in the metaverse could get Fidelity as a customer.
Comment below what you thought of the video and what comments you often hear about preparing for the metaverse.
Enjoy, and thanks for taking the time to read.
Craig