Raoul Pal
Raoul Pal

@RaoulGMI

15 Tweets 15 reads Oct 29, 2021
The Zuck video today for Meta might well have been cheesy but it was incredible important...maybe one of the most important things I have seen in years (although something I have expected and written about for a long time).
1/
Bascially FB (Meta) is the largest amalgamation of communities on earth and it is moving to the metaverse.
People get confused, the metaverse is not one place or one experience - it is our digital fluidity, the blend of our physical and digital worlds, diverse and unique to us.
Meta get that this is not one Ready Player One experience but an interooperable world. You or I might not trust Meta but in this new world we can just take our stuff and go to a digital society that treats us in the way we wish. Much like the internet now but we retain the value.
There might be an oligopoly on the largest metaverse experiences, much like there is in gaming and social media, but we are free to move. Some of those societies will extract too much "rent" in terms of data or restrictions but we can move elsewhere.
Apple is building AR at an astonishing rate and will act as the intermediaries between physical and full metaverse. You might not trust apple either. But that is fine...
Again, this is like digital sovereign states - but without the restrictions of physical states (at least not yet). Too many people are building out other experiences that will form part of the metaverse that maybe be less monopolist or corporatist. You choose what suits you.
DAO's create opportunities for egalitarian governance. Other metaverse experience will be autocratic. That is fine. We have choices. Easier choices than the physical world.
And all of this is possible because of the key word that Zuck uses - "interoperability". Our physical goods and our participation in a digital society will be crypto, NFT's and social tokens. It will all run on blockchain.
Make no mistake - Meta/Facebook with Diem and the metaverse experience is a way to onboard billions of people into this world of distributed ledger technology.
You might not like their model. You might be biased as to their actual model. Its too early to tell. But is IS adoption
This is what adoption looks like - it maybe not what you want, but it is what it is. Again, we have the choice to participate or not. This is very different to the physical world. Your opinion of Meta is just a matter of where you hang out.
Others will choose to use it and that is their choice. You might not like it but hey, tough shit. It is what it is and it is the future. You get the choice to build or participate in a different set of metaverse experiences.
Maybe Epic games is for you, or somewhere else.
There are great projects like @TheSandboxGame @decentraland @cryptovoxels or @WilderWorld or whatever your flavor.
But none of this can exist without crypto and blockchain. With out it the metaverse is just a close game.
If you think crypto has no value, you are wrong. They are the entire building blocks for this new society.
If you think NFT's have no value, you are wrong. They are everything.
If you think that social tokens have no value, you are wrong. They are the money for these societies
Be less cynical and realize that today, the world shifted on its axis. The metaverse is an entire new layer of GDP and has endless possibilities, which ever metaverse experience you choose.
There is no one metaverse. Like there is no one community, society or country,
This is something that is truly exponential. It is the future of everything but you can choose your future and your society that most aligns with you.
This is the game changer. Don't use your cynicism about Facebook. See the change.

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