MONEY IN THE METAVERSE
Digital Assets, Online Identities, Spatial Computing and Why Virtual Worlds Mean Real Business
By David Birch and Victoria Richardson
(with illustrations by Helen Holmes)
About Money In The Metaverse
The Metaverse – built from virtual reality, augmented reality and mixed reality – is arriving via wearable headsets that have cameras, microphones, speakers, sensors and communications built in.
These spatial computing technologies create new social and economic connections, and while some of these connections are virtual, the business implications are very real.
David Birch and Victoria Richardson set out the potential for financial services in metaverses and the ‘always-on’ immersive future internet, beginning with a look at the key technologies needed to make these metaverses useful for businesses.
They then go on to explore the emerging realities in which new markets will function and the digital assets that will be exchanged in transactions between online identities. Money In The Metaverse develops a comprehensive and practical model of the Metaverse and the nature of those new transactions in a business environment.
It has a clear view of virtual worlds and it provides both a simple taxonomy for digital assets and a tried-and-tested model of digital identity that will provide a better understanding of the opportunities that exist in the many metaverses where we will work, rest and play in the near future.
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A must read book for anyone wanting to delve into the future of financial services.
Being a father to a son who is a huge Roblox fan, I’m very much aware of how comfortable the next generation already is with the Metaverse, and how entirely at home they are imagining the application of digital money and assets in that context. In fact, I pay my 14-year-old son’s allowance in Robux. So when Birch and Richardson map out the potential of business in these emerging virtual worlds, the cynics should listen. We were always going to end up doing business in the Metaverse, the only question was how quickly it would become a major sector in its own right.
Provocative, insightful, and entertaining, this book is a perfect reminder that we’re still in the early stages of a digital revolution. For enterprises both big and small, understanding this is essential to ensuring one’s digital future, and this book provides an important practical framework for planning your journey.
In Money in the Metaverse Birch and Richardson explain the role of trust, security, data and DeFi in what will soon be a dominant domain for business: the Metaverse.
Rarely do business-oriented books bring so much imagination to underpin their argument as David and Victoria’s has done.
In a field full of hype and hand-waving, this is precisely the book we need: deeply researched, wide-ranging, systematic and incisive. This is the metaverse as a virtualisation of everything from commerce and leisure to industry and identity. An essential guide to the new infrastructures of value, exchange and trust shaping the 21st century.
Thank you for trusting me with this idea. It worked brilliantly and I love the fact we had a line of people waiting to meet Dave and get their booked signed. FYI we ran out of books in 1 hour and were asked throughout the rest of the show “if we find any spare could they have one!” – I love the fact that we had industry leaders fan girling over meeting Dave.