Chapter 4: Who else can build the metaverse?
Posted: Sun Feb 09, 2025 5:14 am
It is worth noting that Sweeney was rumored to have argued for a lower fee, but reached an agreement with the board on 12% - an amount he himself admitted does not always include operating costs. That doesn’t mean there isn’t an overall business here — operating a storefront will undoubtedly help build the metaverse — but Sweeney’s efforts appear far more expansive. He’s publicly implored Google and Apple, companies that make thousands of times more than Epic’s fledgling store, to match Epic’s prices.
Despite the Metaverse’s potential to be a computing platform on poland mobile database the Internet, its underlying development process will likely have little in common with its predecessor. The Internet grew out of public research universities and U.S. government projects. This was partly because few in private industry understood the commercial potential of the World Wide Web, but it was also true that these groups were essentially the only entities with the computing talent, resources, and ambition to build the World Wide Web. None of this is true when it comes to the Metaverse.
Not only is the private sector fully aware of the potential of the Metaverse, but it likely has the most active belief in that future, not to mention the most cash at least when it comes from a willingness to fund Metaverse R&D, the best engineering talent, and the greatest desire to conquer. The major tech companies don’t just want to lead the Metaverse, they want to own and define it. Open source projects with a non-corporate ethos will still have an important role to play — and they will attract some of the most interesting creative talent in the Metaverse — but there are only a handful of possible leaders in the early Metaverse.
Despite the Metaverse’s potential to be a computing platform on poland mobile database the Internet, its underlying development process will likely have little in common with its predecessor. The Internet grew out of public research universities and U.S. government projects. This was partly because few in private industry understood the commercial potential of the World Wide Web, but it was also true that these groups were essentially the only entities with the computing talent, resources, and ambition to build the World Wide Web. None of this is true when it comes to the Metaverse.
Not only is the private sector fully aware of the potential of the Metaverse, but it likely has the most active belief in that future, not to mention the most cash at least when it comes from a willingness to fund Metaverse R&D, the best engineering talent, and the greatest desire to conquer. The major tech companies don’t just want to lead the Metaverse, they want to own and define it. Open source projects with a non-corporate ethos will still have an important role to play — and they will attract some of the most interesting creative talent in the Metaverse — but there are only a handful of possible leaders in the early Metaverse.