The metaverse is a marketing term with no basis in reality as of yet. It's being pushed by industry to capture a future market, not build new shared space without any single owner. There are no efforts at interoperability, common standards, open governance, or signs of creating a public, open space.
| Quick Facts | |
|---|---|
| Report location: | source |
| Language: | English |
| Publisher: | Pew Research Center |
| Publication date: | June 30, 2022 |
| Authors: | Jaina Anderson, Lee Raine |
| Time horizon: | 2040 |
| Page count: | 204 |
Blockchain is orthogonal or not related to the metaverse. Some entrepreneurs define Web3 as a package of the metaverse, blockchain, and NFTs to promote monetization of emerging spaces and new business opportunities. Experts are divided on blockchain's role in the metaverse, with some seeing it as unrelated, others as crucial for internet transactions, and some uncertain of its impact.