Use Cases for the Future

Editor's Note

Hello from London!

The harrowing part of new technologies is that one can never quite settle on the prominent use cases as they are being developed. Sometimes the technology is not yet fully developed and sometimes it's unclear where usage will play out.

In the introduction of the McKinsey's paper entitled "Value creation in the metaverse", there is reference to interoperability:

The metaverse’s technology stack has four core building blocks: content and experiences, platforms (such as game engines), infrastructure and hardware (including devices and networks), and enablers (such as payment mechanisms and security). Ten layers span these components, providing the critical building blocks on which all metaverse experiences are based. One primary question about the future evolution of the metaverse is the extent to which the interoperability of these elements can be advanced. 

The question surrounds how and if these new areas interact.

Evan Conrad raises the same question marks that people have around crypto. I like this summary in reply to naysayers:

Crypto's use case is the one that it claims: decentralization. It's use case is to cut out middlemen, break up monopolies, and fight aggregators. It's certainly not the case that crypto is entirely useless.

Pack McCormick talks about the Gartner Hype Curve when it comes to the same for Web3:

A technological breakthrough occurs, people think it’s going to change everything, they realize that it’s not going to change everything, and then they figure out the things it will actually change. 

And I think that sums it up quite nicely. We're probably in the trough of disillusionment - and we're just about to see many changes as we come through this economic downturn.

Stay Curious,

Onward! - Rahim

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End Note

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