During the first three episodes of Polybius, Hospitality Net s metaverse series focused on travel and hospitality, we discussed the basics (if you missed them, you can rewatch them here: https://www.hospitalitynet.org/polybius/).
The Metaverse has been gaining significant (both positive and negative) attention recently as a potential space for businesses, entertainment, and socialization. However, despite this growing interest, the concept of the Metaverse is still relatively new and may be confusing for entrepreneurs seeking to understand and utilize this emerging technology, especially in an industry like ours.
As we near the end of 2022, we are pleased to share some of the top highlights from the Hospitality Net World Panel this year. We have compiled a list of the most popular viewpoints published in each panel on our website over the past 12 months for you to review.
If companies want to get into the metaverse business, they first must master the "metaverse lingo." It s easy to get lost in translation, with dozens of brand-new mysterious acronyms (NFT, DAO, DeFi.) and business neologisms (mining, minting, dropping, burning.). What is/are, in your opinion, the main term/s entrepreneurs need to understand to separate the hype from the business reality of the metaverse?
A recent report by McKinsey indicates that the metaverse s economic potential could be up to five trillion dollars by 2030. However, while most people think the metaverse concept only started with Zuckerberg s rebrand, innovators and visionaries have been flirting with the idea since the 80s, first in the minds of cyberpunk novelists (such as Gibson, Vinge, or Stephenson), then in the ones of scientists and philosophers (Gelernter, Chalmers), and, eventually, technocapitalists. However, outside of the inner circle of the "usual suspects," metaverse was a pretty esoteric term before 2021 (as this Google Trends proves). So how has a dystopian novel turned into a trillion-dollar industry almost overnight?