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The Metaverse

Is it the “next big thing” or just big tech’s marketing gimmick to sustain the highly successful business model of monetizing users’ behavioral data in exchange for “free” services?

The Metaverse

In recent years there has been immense progress in technology that creates a new internet user experience. The metaverse may eventually come to define how we work, learn and socialize. This means VR and AR would move beyond their current niche uses as the metaverse becomes our new communication standard.

The financial investments necessary to reach that goal are huge, especially when governments are making efforts to control their marketing and financial power. Yet, to satisfy their investors, the involved companies have no choice but to push ahead with new hard- and software technologies. At the same time, the risks associated with these investments are difficult to assess as the urge to experience reality might be stronger than being engaged in virtuality.  

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Hype

Flimflammer Billy McFarland’s infamous 2017 Fyre Festival offers a generational cautionary tale.

Gabrielle Bluestone Hanover Square Press Read Summary
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Everybody Wants to Rule the World

In the digital era, winners and losers face a stark divide. Build your digital network while you can.

R “Ray” Wang HarperCollins Leadership Read Summary

Hence, there is a risk that the metaverse might implode like the dot-com bubble 20 years ago. However, in addition to gaming – with its own momentum to more virtual realism – it has many useful applications, especially in the instructional domain, for example, conducting robot-assisted operations, learning to drive a car or teaching workers how to assemble machines using holographic headsets. In terms of economics, it is vital to distinguish between business-to-business and business-to-consumer applications as the latter provides the financial resources required to develop new services and products for the various business-to-business market segments.

From Facebook to Meta

To underline its ambition in maintaining the leadership position in social media, Facebook has changed its corporate identity to Meta. Given its history as the leading social network with billions of subscribers, the social aspect is likely to be central in Facebook’s metaverse strategy. Some experts believe that communicating within the metaverse may be more effective than present-day video-conferencing. An avatar might support your communication, decision and service requirements as this virtual world would be available whenever you want to visit it.

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Facebook

Best-selling tech journalist details how Zuckerberg’s hubris put user privacy and US democracy at risk.

Steven Levy Blue Rider Press Read Summary
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It’s Time to Break Up Facebook

Only the government can save Facebook from itself.

Chris Hughes The New York Times Read Summary

You can change it by adding new virtual buildings or other objects, like your preferred car or your favorite paintings. You might be able to take up residence in a beautiful home and own a bit of it. Regardless, the metaverse will still rely on user-generated content – our experiences and personal stories – in the same way social media functions today. But whether we will one day access all internet services through 3D virtual worlds and virtual reality headsets remains to be seen.

Given the current tensions between big tech and governments over privacy, freedom of speech, and governance over content, the question looms as to what kind of metaverse we want and who gets to regulate it.

Facebook’s dominance in the social media market, its enormous financial resources, and its proclaimed intent to hire every VR and AR developer in Europe combined with its dozens of corporate acquisitions – all this sounds less like true collaboration and consensus, and more like an attempt to control the next frontier of computing.

The Transition from Analog to Digital to Virtual

Analog is the world as it is – the real world – in all its variety and diversity of nature, and it is also everything that humans have ever created.

Digital transmutes the real world into discrete forms of ones and zeros. The upside of digitalization is that files and content can be created, copied and transferred at nano-cost and in nano-time. One downside of digitalization is that the process squeezes out the uniqueness of the original signal. That is the reason why artists tend to disdain digital because some of the details and brilliance in the original are lost in the process of digitalization, such as the compression of music with the MP3 algorithm. A digital file is fungible. It can be read or traded by billions of users, and the recent surge of NFT’s (non-fungible tokens) coupled with blockchain technology has raised the visibility of digital assets as a new market segment.

Virtual extends the digital representation of reality to a new experience that, in many ways, resembles a state of dreaming. Dreams not only replay memory fragments but also create new, highly creative mixtures of memories and knowledge. This process has led to the creation of many works of literature, art and science. One aim of neuroscience is to map the location in the brain of thoughts and mental experiences which relate to dreaming. Everything we see, imagine or think about is linked to neural responses somewhere in the brain. Neural activity conducted in the primary sensory areas of the neocortex produces the impression of sensory perception. This implies that neurons firing in the primary visual cortex create the illusion of seeing things while neurons firing in the primary auditory area create the illusion of hearing things. The images and sensations created in this way create a complex, multisensory hallucination which we might call a dream. Following the idea that dreams have an analogy to virtual experiences, it comes as no surprise that the metaverse implicates an enormous capacity for “dreamlike” experiences, exploring the desire to move beyond reality.

Privacy Concerns

It is easy to comprehend Facebook’s vision for the metaverse by looking at its existing approach to social media. Facebook has molded our online lives into a gigantic revenue stream based on surveillance, fuelled by analyzing and selling our behavioral data.

Image of: The Battle for Digital Privacy is Reshaping the Internet
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The Battle for Digital Privacy is Reshaping the Internet

The world’s big tech leaders are starting to take privacy seriously – and that worries advertisers.

Brian X. Chen The New York Times
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VR and AR headsets together with body sensors collect enormous amounts of data about the user and their environment. This raises one of the key ethical issues around these emerging technologies:

Everything you do in VR could potentially be traced back to analyze your individual identity in far more detail than so far possible.

The rapidly growing cases of cybercrime, data theft, and the demand for ransomware raises the question of whether the metaverse and its attractiveness to experience a new form of virtuality are not contradictory to our efforts to maintain individual integrity and unbiased decision-making. Having access to our “dreams” offers far more potential for influencing our behavior as the many dystopian scenarios, including the one Aldous Huxley’s Brave New World contemplated.

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Homo Deus

Bestseller Yuval Noah Harari believes modern society is sowing the seeds of its own destruction.

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Will the Future Be Human?

The few people and corporations that own the world’s data will shape the future of life.

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Superintelligence

The lure of artificial superintelligence may become humanity’s undoing.

Nick Bostrom Oxford UP Read Summary

So what happened to all the warning messages from Yuval Noah Harari, Stephen Hawking, Nick Bostrom and others a few years ago? The fact is:

All big-tech companies including Microsoft are joining the metaverse initiative. This is no longer a Facebook issue and rather a sign of corporate “panic” about missing the next industrial revolution.

The Fine Line Between Reality and Imagination

According to metacognition expert Steve Fleming at University College London’s Centre for Human Neuroimaging, humans experience two worlds: a world outside of ourselves consisting of things that others can also see, hear and touch, and a world inside consisting of thoughts and imagination that exist only in our own mind. To imagine something that is not there, we use our knowledge to generate an image of what we think something might look like.

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Emotions: Facts vs. Fiction

Do you think you can read other people’s emotions? Think again.

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Four Ethical Priorities for Neurotechnologies and AI

The potential of neurotechnologies to change human life is mind-boggling but has a dark side.

Joseph J. Fins, Phoebe Friesen, Jack Gallant, Jane E. Huggins, Judy Illes, Philipp Kellmeyer, Eran Klein, Adam Marblestone, Christine Mitchell, Erik Parens, Michelle Pham, Alan Rubel, Norihiro Sadato, Laura Specker Sullivan, Mina Teicher, David Wasserman, Anna Wexler, Meredith Whittaker, Jonathan Wolpaw, Rafael Yuste, Sara Goering, Blaise Agüera y Arcas, Guoqiang Bi, Jose M. Carmena and Adrian Carter Nature Read Summary
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Electric Brain

Brainwaves are the next tech breakthrough.

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Recent studies have shown that the neural processes supporting pure imagination are like those involved in perceiving the outside world: When we imagine a cat in our mind’s eye, a similar network of brain areas gets activated as when we see a real cat out in the outside world. These observations demonstrate that brain signals reflecting imagination are completely intermixed, muddling the distinction between our inner world and the outside world, or between reality and imagination.

When these mixed signals are strong or vivid enough to cross a reality threshold, we think it reflects reality. Reality and imagination are completely intermixed in our brain which means that the separation between our inner world and the outside world is not as clear as we might like to think. If our imagination is vivid enough, we will think it is real and we use our imagination to create our perception of reality, which implicates that we humans define reality in contrast to the theory that reality defines us.

Hence, the capacity to define reality is one of human’s most valuable assets, strongly related to creativity. This mind-set, however, requires a conscious perception of our own identity and above all free will for distinguishing reality from artificial virtuality mimicking our mental capacity for imagination.

A Tipping Point on Our Tech-Focused World

The question looms whether individuals should let themselves be “seduced” to experience the artificial life of the metaverse in “entertainment mode” instead of using their own imaginative capability. We have possibly reached a tipping point in our technology-focused world.

In his 1966 book The End of Science, John Horgan contends that science – and particularly pure science rather than applied science, technology and medicine – is coming to an end. This controversial hypothesis, which received wide attention, was registered with consternation by many but certainly not all in the scientific community, while giving comfort to those who want science and technology to go away for good. From our experience, we know that there’s no turning back – few are willing to take a stand against innovation and machines, especially as our livelihoods depend on it. The Darwinist concept of survival of the fittest seems to prove that human evolution has its own momentum, with or without the metaverse.


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