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What is this new metaverse? How you can sound smart about it

The new Metaverse is simply a visual Internet. Instead of going to a website and reading the content of a page, you will go to a Metasite and see it, interacting in 2D (on a screen) or 3D (virtual reality headset).

Interestingly, everyone, and indeed primarily corporations controlled by trillionaires, have different visions (pun intended) and different motivations for the metaverse. Wikipedia has a concise definition.

The new Metaverse will be different for different tycoons.

Hook Amazon wants the world’s largest virtual mall where you can spend your hard-earned cash bitcons bitcoins (digital currency) on goods you didn’t know you needed. Merchandise like digital clothes to keep your avatar stylish. Hey, once you go down that rabbit hole, your digital wallet will be constantly empty.

prankbook fake book, Facebook wants a virtual community where you never have to leave the safety of your own chair/home to interact with friends and stranger dangers. Imagine all the ads it can serve you intertwined with the occasional biased news snippets, political commentary and proselytizing (evangelism)

Shit, Zuc (Data) can make his avatar more realistic

nut stream Netflix et al. want a world of fun where you can watch movies, play GOT, and play games, all with small in-app purchases you must have.

micro sloth Microsoft wants everyone to use their Metaware to access the Metaverse, for a small fee, of course. Office 365 will become Out-of-Office 3 out of 5.

Herd Google will subtly weave carefully selected advertisements into the virtual fabric.

Crapper Apple will reject the Metaverse. Instead, he will create a safe, serene, asexual walled garden to protect his sheep real-world users while charging for the privilege.

The moral of the story is that the Metaverse is the Internet with images. What happens on the World Wide Web will happen there – and worse.

The new Metaverse won’t arrive for a while

Why? Simple. The world does not have Skynet the bandwidth available to convert millions of static web pages into virtual pages. There’s a mad scramble to get everyone to 5G, 6G, 7G and more. That’s why NBN will soon have to offer multi-gigabyte connections for $99 a month. This is why Elon Musk (Teaser and Spaceballs), Tesla and SpaceX launch millions of satellites into low Earth orbit to build Skynet. Oh, and to get low-latency internet and the new Metaverse for the moon, Mars, and beyond.

And the cost of converting your local coffee shop from a rarely updated website to a new Metaverse site won’t come cheap.

Warning Will Robinson – the metaverse is also a great place for the dark metaverse

As usual, the key players are like bulls in a Chinese store, all moving forward with their somewhat disparate visions. But cybercriminals have a head start with the potential to control this wild new metaverse.

Before the metaverse goes any further, we need global legislation to keep children and adults safe. He must prevent pedophiles, bullies and extortionists from using him for their indirect pleasures. Let’s make it safer than the WWW which we may have to abandon because it is so dangerous.

How will governments manage the digital economy?

It’s only a small thing, but in Australia we have a 10% GST which helps keep personal and corporate taxes where they are. We also have a banking/financial/clearing system that manages the collection of GST (or VAT). The new Metaverse is global, and taxation is a huge issue, not to mention making sure you get the goods.

And let’s not forget the main drivers of internet innovations – pornography, gambling and bitcoin. You can be sure that they will be among the first to invent procto-prods, new ways to lose money and highly speculative currencies.

CyberShack’s point of view – the new Metaverse is just an evolution of the Internet

Readers need not worry. I doubt it’s changing so fast that one day we’ll wake up and have to use it.

Progress is good. The first users will shape its future. But let’s not forget that a virtual beer is not as good as a real one!

CyberShack Consumer Advice