Renowned investor Jason Choi, general partner of The Spartan Group, a high-profile DeFi investor, shared his ideas about next phases of Metaverse progress
Mr. Jason Choi, veteran crypto-VC investor, shared a summary of his recent dialogues with over 50 leading metaverse products.
Metaverses: Infrastructure, experience layer, value-add layer
According to his thread, we can better understand Metaverses as digital virtual worlds with some element of user-ownership through cryptos or non-fungible tokens.
All the start-ups he talked about fall into three categories: infrastructure (identity, “metaverse substrate”, hardware base), experience layer (games, social and business concepts) and added value layer (guilds, studios, markets ).
At its core, the typical “Metaverse” looks like an MMORPG with blockchain features. This situation closely resembles the diversity of L1s in 2017, Mr. Choi adds.
Gambling guilds look to him like the greatest examples of decentralized autonomous organizations (DAOs).
Experiences instead of OpenSea links
However, he is certain that the most impressive Metaverse products are yet to come. To change the narrative, their developers should consider the approach of Facebook.
A one-for-all immersive infrastructure framework could be a game-changer here:
The moonshot opportunity is create an open alternative to what Meta is attempting to create. I.e. a platform on which *any* developer can build social, entertainment, work, education & commerce experiences in-world, that any user can access
As such, play-to-win teams should focus on bringing “real-world” experiences to their products, like shopping, for example.
However, it is not so easy to predict an accurate time frame for the creation of such experience in the Metaverse segment:
The idea of a Web 3 metaverse could be in 1, 5 or 10 years…
