We are witnessing the emergence of an interconnected and 3D virtual world called the Metaverse. It allows people anywhere to socialize in real-time in an infinite number of user-generated worlds. It democratizes access to take part in the growth of a user-owned internet economy.

The internet has always been about connecting people. Over the past three decades, the way we all interact with the web has evolved. The three key eras of online-based communities as:

• Web 1.0 - Netscape connected us online.

• Web 2.0 - Facebook connected us into online communities.

• Web 3.0 - Metaverses connected us into a community-owned virtual world.

These Web 3.0 Metaverse worlds are part of a larger interconnected crypto cloud economy that is open, composable, and interoperable. Many decentralized protocols will provide infrastructure to support Metaverse virtual economies.

The Web 2.0 mobile internet changed how, where, when, and why we used the internet. In turn, this changed the products, and services we used, which changed our business models, culture, and politics. The Web 3.0 Metaverse has the potential to do the same.

I expect the Metaverse market will hit $400 Billion by 2025 when we take into account:

1. The open nature of the Web3.0

2. The ability to own scarce digital property via NFTs

3. And a population that spends 8 hours daily on online activities.

4. Hardware immersive devices for VR and AR advancing at light speed.

The Metaverse is still in its early days, with gaming being the most immediate use case. But the Metaverse opportunity extends far beyond gaming. The Metaverse will be a multi-trillion-dollar opportunity across advertising, social commerce, digital events, hardware, and developer/creator monetization.

When we combine immersive virtual experiences with permission-less access to non-sovereign stores of value, composable DeFi protocols, powerful coordination mechanisms, and aligned incentives - we can clearly imagine what will become the new world economy. The next emerging market investment frontier is the Metaverse standing at the forefront of this Web 3.0 internet evolution.

To avoid a dystopia I believe the Metaverse needs to built on cost-efficient fully decentralized blockchains, not on privately owned ones.

We need blockchain infrastructure that:

1. Have millions of unique validators across the globe

2. Can store and manage very large files and data

3. Provide quadratic voting governance

4. Have >90% utility/governance tokens owned by users

We are moving rapidly towards this new world economy. With everyone from startup founders to Fortune 500 companies, pseudonymous hackers, politicians, fintech giants, and institutional wealth managers, all coming to realize that there’s a once-in-a-generation opportunity to not only stake their claim, but to help define the platforms that will shape commerce, culture, and society for decades to come.

We are witnessing the emergence of an interconnected and 3D virtual world called the Metaverse. It allows people anywhere to socialize in real-time in an infinite number of user-generated worlds. It democratizes access to take part in the growth of a user-owned internet economy.

The internet has always been about connecting people. Over the past three decades, the way we all interact with the web has evolved. The three key eras of online-based communities as:

• Web 1.0 - Netscape connected us online.

• Web 2.0 - Facebook connected us into online communities.

• Web 3.0 - Metaverses connected us into a community-owned virtual world.

These Web 3.0 Metaverse worlds are part of a larger interconnected crypto cloud economy that is open, composable, and interoperable. Many decentralized protocols will provide infrastructure to support Metaverse virtual economies.

The Web 2.0 mobile internet changed how, where, when, and why we used the internet. In turn, this changed the products, and services we used, which changed our business models, culture, and politics. The Web 3.0 Metaverse has the potential to do the same.

I expect the Metaverse market will hit $400 Billion by 2025 when we take into account:

1. The open nature of the Web3.0

2. The ability to own scarce digital property via NFTs

3. And a population that spends 8 hours daily on online activities.

4. Hardware immersive devices for VR and AR advancing at light speed.

The Metaverse is still in its early days, with gaming being the most immediate use case. But the Metaverse opportunity extends far beyond gaming. The Metaverse will be a multi-trillion-dollar opportunity across advertising, social commerce, digital events, hardware, and developer/creator monetization.

When we combine immersive virtual experiences with permission-less access to non-sovereign stores of value, composable DeFi protocols, powerful coordination mechanisms, and aligned incentives - we can clearly imagine what will become the new world economy. The next emerging market investment frontier is the Metaverse standing at the forefront of this Web 3.0 internet evolution.

To avoid a dystopia I believe the Metaverse needs to built on cost-efficient fully decentralized blockchains, not on privately owned ones.

We need blockchain infrastructure that:

1. Have millions of unique validators across the globe

2. Can store and manage very large files and data

3. Provide quadratic voting governance

4. Have >90% utility/governance tokens owned by users

We are moving rapidly towards this new world economy. With everyone from startup founders to Fortune 500 companies, pseudonymous hackers, politicians, fintech giants, and institutional wealth managers, all coming to realize that there’s a once-in-a-generation opportunity to not only stake their claim, but to help define the platforms that will shape commerce, culture, and society for decades to come.