Philip Rosedale on the Future of the Metaverse

Over 20 years prior, Philip Rosedale made what could be viewed as the principal emphasis of the metaverse.

It was Linden Lab, Rosedale’s San Francisco-based tech startup, that grew Second Life, the web-based sight and sound stage where individuals could make symbols for themselves. At that point, Rosedale reviews, most outcasts didn’t actually get what Second Life was attempting to do-production it an extreme pitch.

“Just the very idea that people would do something other than, say, play a video game on a computer in 3D—they would just live there, build things, try to make money, do all this stuff—was a pretty foreign idea,” Rosedale said.

Today, the possibility of a “second life” on the web has entered the standard with the emergence of the metaverse, as well in general universe of Web3 applications from cryptographic forms of money to NFTs. On this episode of Office Hours, Rosedale talked with dot.LA fellow benefactor and director Spencer Rascoff to examine the metaverse’s ascent in conspicuousness and what the future might hold for vivid, virtual web-based worlds.

Rosedale’s own vision for the metaverse today isn’t just about transforming the 2D world into a three-layered one, yet causing the web to feel invigorated. He referenced how, when we’re web perusing, we have not a single clue of when others are in total agreement at precisely the same time.

“Imagine [on] every site, [you] had the ability to be there together with other people,” he drifted. “What would the rules be on that?”

While transforming the web into a live encounter is something that will require some investment, crypto has previously laid down a good foundation for itself as a potential “native currency” for the Web3 cycle of the web. Rosedale noticed that while crypto checks out in our current reality where individuals are executing on the web like never before, he raised worries over who has been profiting from its emergence..

“I’m much more concerned about crypto and wealth inequality—that crypto is absolutely going the wrong way on that, just as expected,” he said. “Any economist will tell you that’s not a surprise. But crypto is making an even smaller number of people even richer than ever before.”

For Rosedale, everything helps him much to remember the beginning of the web, and observing a few organizations ascend to progress while others fall flat spectacularly.

“Web3 feels to me a lot like the internet of the late ‘90s… Which is [to say], we all knew there was a lot of B.S. at the time.” he said. “But the general theme we knew to be true—that clearly things were moving from offline, from newspapers or magazines or other offline experiences, onto the internet.”

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dot.LA Engagement Fellow Joshua Letona added to this post.

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