The perfect cocktail is brewing for the Metaverse to outcompete even the largest, most entrenched institutions. No one will want to build their own application on an island anymore or for big companies. The simplicity, creativity, pace of innovation, speed of development, open data, and rewards that are available in the Metaverse will be too strong. The incumbents who have already built their business on an entirely different incentive structure will find it tough to pivot or compete.

The perfect cocktail is brewing for the Metaverse to outcompete even the largest, most entrenched institutions. No one will want to build their own application on an island anymore or for big companies. The simplicity, creativity, pace of innovation, speed of development, open data, and rewards that are available in the Metaverse will be too strong. The incumbents who have already built their business on an entirely different incentive structure will find it tough to pivot or compete.