[000:00:00;00] ah, miss of us, the cheque buzzword over the past few months. the virtual world is supposed to offer unlimited opportunities for fun, games and work. the tech sector has invested huge amounts of cash into the met averse. but what has actually happened to the original dream virtual universe? ah, apart from matters horizon worlds, others are also working on making the vision of a met averse a reality. such as roadblocks the sandbox and the central land. for example, mark zuckerberg has invested billions into his met diverse idea, but will it pay off an all encompassing met reverse, like in the science fiction novel snow crash does not exist yet. instead,

there are more than $100.00 virtual worlds. it's unclear which will come out on top, but we can already see what people like doing and spending money on intimate of earth. this will music events are popular, arrianna, grande's snoop dog and others have attracted more than 60000000 fans to the met of us. but is often no charge for the tickets. virtual real estate trading on the other hand, is the major source of income in the matter. they have already been sales of nearly $470000000.00 euros for virtual houses and land the total value of all via goods is currently more than triple that at around $1500000000.00 euros. visual dating is yet to take off. but forbes magazine predicts the number of via dating apps will grow. one example is us does have senate seat her hello chris,

my virtual days. lovely to meet you. hey, nice to me to. we've set up a number of places to be able to either organically meet new people or through our micro dating, which is it over here to your left, the v i p area. it's like a quick kind of speed date. and if it goes well then they can go on to a coffee date that's a little bit longer. virtual sports and fitness programs will be a big part of the and the most of us say, industry experts working out immersed in a completely different world around a 5th of potential via hardware customers in the usa that's more appealing than any other the application. the front run is though still the via multi player games, like food nice and the roadblocks, gaming platform, they generate billions in revenue roadblocks allows uses to create their own virtual environments and games that other uses can play themselves

every day, up to 58000000 gamers are active at the same time on roadblocks of as a loan. yet the project created back in 2006 hasn't made any profit so far. so the met of us is stayed in a very early stage in terms of development. a big part of what it is i see on the metro bus right now is focused around m, getting attraction from investors. it's all about getting to that next stage getting development a bit further. and currently we're not at a stage where the matter versus any when they're ready yet to bring on and find appealing office to consumers or to businesses really that can help driving the metabolic forward, outside the gaming industry. there are other issues with the met averse even if big companies like mental or microsoft promise. otherwise, ramos is, we're huge, especially regarding the graphics pre produced trailers,

shown at met as annual keynote, for example, re hi expectations. but in reality, met as may nap horizon worlds is a bit of a let down torsos without legs, jerky, animation, and virtual worlds that are often deserted. these issues also play competitors like v r. chat. enter one of these virtual worlds to hang out with the fantasy avatars. and you might find the interaction a little strange. maybe say how you bad or you are right every day. okay. bye. buh, it's not quite the revolution of social interaction that was promised not yet. anyway, many of these social v, our worlds are also not seeing the user numbers they'd hope for. according to the wall street journal, medice horizon worlds were visited by only 200000 active users in october 2022. far from the initial $500000.00 target for the end of the year. and alternative to met averse is the central land overseen by a non profit foundation. it's

a decentralized world where users can buy virtual land. as nf t's the graphics are more evolved than in met his horizon world. the avatars even have legs. but it's also a lonely world. the website, d. c. l metrics measures around 8000 visitors a day. the question is, what kind of met a verse? do we actually want one where we can experience everything from music festivals, to dates and business lunches, or could have met of us like via chat, which has one clear focus come out on top. because what exactly is meant is horizon worlds unique selling points. without that, it could be difficult for zak. a bugs trained to take off. format meadow advisors have voiced their skepticism, such as video game, develop a legend, john commack. in his speech at the 2020 to may. so connect conference come back, said instead of programming an entire virtual universe, then most of us should emerge from an existing popular game or ap. he compared this

to his develop of the 1st person, shooter games, doom and quake in the 19 ninety's, which created technology that was later used for the game fellow rents. for many mach zak bergs horizon wells just isn't developed enough yet. some people are skeptical that one single company can create a successful worldwide met of us, myself included, and met as stock value has plummeted. but the idea of a med, of us is still appealing for many investors. analysts predict the sector could reach a value of 750000000000 euros by 2024. central america also wants to jump on board, but it's risky and difficult to make money with a med of us. as our next example from guatemala shows. virtual houses, you oppose, and my and pyramids, it's all for sale and plots the land. this metaphors project was founded by the guatemalan real estate investment fund portfolio diverse ricardo. each virtual

property are plots. he costs $500.00 us dollars. plots he lands sold 3000 of them. it was one of the 1st met versus in latin america. i'm looking back there now and i think it projects, but they not that popular. most of them work with mesa versus within f t economy. and like to give a land like hollandia and thea bar salon. and each one gives that a style a different user experience with l. metal budded to ownership of the plant sees, is established by unique and f t certificate, a non fungible token that can't be copied, substituted or subdivided. and f t's are recorded in a block chain to certify authenticity and ownership. they can be sold and traded plots, he land founders promised their investors a return of 8 percent in the 1st year, but opened see the biggest and f t market that hosted plots. he land remove the digital collection from its servers, triggering

a panic on instagram party land founder rodrigo blanco, has asked owners to remain calm and says their properties are safe in the n f t wallets for him. what guns this already came up, the most important thing is to know which block train your wallet is in. very hands on that because there are block chains that just stop working, no matter how secure or decentralized they are equal. now one of the element in that they would open see is a platform that doesn't really offer security. and i would say it doesn't have the decentralization that is needed in the world of block chain and crypto. busy no, we have to be sure that no one can get into our wanted see a many med diverse platforms have their own economic system based on entities and block chains. this is how they're hoping to attract investors and generate revenue. so when we talk about and cheese and block chain, i in

a sense think they provide an example of the technology and the angle that needed to really take the met averse to the next step. the other question is also ah, and if cheese unblocked, shane and mass market focused tool, the terms block chain and, and of cheese together with crypto currency, ah, almost scary words. ghost are associated with technological development, but they're also associated with high risk. there are just problems with the use of nf t's which form the backbone of economic systems in the meadow verse. a lot needs to also improve in terms of user friendliness and immersion before the med of us can really get going. oh, most of us worlds have one thing in common, no matter how well develop the visual experience, you don't feel anything which stops uses from being fully immersed for boston challenges. first and foremost is optics. not that is

a funding mental issues because the way that we interact with the real world is, is driven by it sort of a sensory motive system. so we, we are actively gathering the information from the world around as to interactions . and that was the key thing for the our to work with jackets enable sensation in b. r uses can feel, hugs, heat, and even pain. the sense of touch is vital for a realistic experience. this is also challenging for the design. if you're using a virtual laptop, you should be able to feel the keyboard so called tracking systems can map objects and transmit them as virtual objects or advertise. but we have a few solutions now of bringing a virtual keyboard, introvert, reality and then mapping it over you realize keyboard. so you see your virtual hands on a virtual keyboard there, one for one with your real

a hands on the real keyboard. this also means that laptop and phone screens need to be visible in the matter verse. here, virtual reality comes in handy, can create multiple monitors. and so instead of having one screen to work on, you can have 5 screens to work on sugar. someone who has a lot of tabs open are applications. you can spread out nicely, however you want. in virtual business conferences uses one to look the part i don't like themselves. london bay stars up luma. rhythmic is working to create realistic avatars. we believe in the matter birthday will be many gaming and non serious applications. we can get away with the non realistic avatar, but the tomorrow's matters will really also be about serious work. where you really need to put project your real self and not, not your cartoon self. these high to realistic avatars are created using artificial intelligence and 3 d scans. they could encourage users to try out more serious applications in the met of an even more important than half dixon avatars is

activity. future virtual worlds needs to be linked to one another to avoid having to sign in, or create new evidence every single time this way. the dream of a truly digital universe can become reality. how much potential do you see in the idea all the med of us and what could it be useful? let us know by for now and see you next slide. ah, ah, ah, ah, hey guys, it's evelyn share. my welcome to my podcast, love the matter. that i invite the lever teeth influences and experts to talk about all plain loved beg from day to day. nothing less of

all these things and more and the new season of the plot can make sure to tune and wherever you get your pot, cough and join the conversation because you know, it love matters with the breeze. ah, they have body and soul. the houses that daniel li biskin to construct for more than just building. ah, you have to be radical. that's a radical mean. go back to the room. he is the son of jewish holocaust survivors. lucky that i was able to bill to just present berlin is architecture, is a celebration of democracy and one building. the biggest thing in the