The metaverse explained in 14 minutes | Matthew Ball

Why should anyone care about the metaverse? Expert Matthew Ball explains what it is, what it isn’t, and why it matters.

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By the end of the decade, the Metaverse could be worth between $6 trillion and $13 trillion. But what is it?

The Metaverse is not simply immersive virtual reality or a really cool video game. It's a combination of technologies that allows an unlimited number of users to experience real-time rendered, 3D virtual worlds synchronously and persistently.

It is difficult to predict how the Metaverse will evolve, just as it was nearly impossible to predict the emergence of Facebook during the era of Windows 95. The Metaverse will not replace the internet, but will build upon and extend it.

Read the video transcript ► https://bigthink.com/series/the-big-think-interview/why-the-metaverse-matters/

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Chapters
00:00 - Intro
01:22 - What the Metaverse is not
02:30 - 10-part definition of the Metaverse
02:56 - Part 1: Massively-scaled
03:23 - Part 2: Virtual worlds
03:51 - Part 3: 3D
04:26 - Part 4: Interoperable network
05:41 - Part 5: Real-time rendering
06:14 - Part 6: Synchronous
06:45 - Part 7: Persistent
08:00 - Parts 8 & 9: Unlimited users with individual sense of presence
08:22 - Part 10: Continuity of data
08:55 - Technological eras are bundles
09:17 - 7 subcategories of the Metaverse
09:27 - Subcategory 1: Hardware
09:45 - Subcategory 2: Networking
09:57 - Subcategory 3: Computer powers
10:13 - Subcategory 4: Virtual platforms
10:45 - Subcategory 5: Interoperability standards
11:05 - Subcategory 6: Payment rails
11:18 - Subcategory 7: CAIS
11:46 - 5 stunning Metaverse examples
13:08 - Why do we need to learn about it now?

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About Matthew Ball:
Matthew Ball is the CEO of Epyllion, a diversified holding company which makes angel investments, provides advisory services, and produces television, films, and video games.

Ball is also a Venture Partner at Makers Fund, Senior Advisor to KKR, Senior Advisor to McKinsey & Company, and sits on the board of numerous start-ups. His first book, “The Metaverse and How it Will Revolutionize Everything”, was published in July 2022 and became an instant national and international bestseller. Ball is also an “Occasional Contributor” to The Economist, holds bylines at Bloomberg, The New York Times, the Wall Street Journal, and wrote the August 8, 2022 cover story for Time Magazine.

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Read more of our stories on the metaverse:
Is a lack of creativity already ruining the metaverse?
► https://bigthink.com/the-future/metaverse-inequality/
Why the metaverse can’t exist without a blockchain
► https://bigthink.com/the-future/metaverse-blockchain/
There are two kinds of Metaverse. Only one will inherit the Earth
► https://bigthink.com/the-future/metaverse-augmented-virtual-reality/

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