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Navigating the Metaverse
A Guide to Limitless Possibilities in a Web 3.0 World
By: Cathy Hackl, Dirk Lueth, Tommaso Di Bartolo, John Arkontaky (Editor), Yat Siu (Foreword by)
Hardcover | 28 June 2022 | Edition Number 1
At a Glance
272 Pages
24 x 15.5 x 2.5
Hardcover
$49.75
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Like the Internet before it, the metaverse is a virtual space bringing people, companies, and products together in both digital and real environments to create new economic opportunities. The groundwork is already laid. People and organizations jumping in are gaining invaluable experience, meeting customers, developing revenue streams, and even shaping metaverse culture.
In Navigating the Metaverse: A Guide to Limitless Business Possibilities in a Web 3.0 World, a team of Silicon Valley thought leaders delivers a groundbreaking discussion of how to find the right opportunities in this fast-moving universe. You'll explore everything from the metaverse basics, to strategy, to launching your first metaverse project. In the book, you'll find:
- Data and market analysis to erase any doubt that the metaverse is the next big thing.
- Foundational knowledge about the metaverse, metaverse economy, Web3 technology, and more.
- The essential connection between metaverse environments, businesses, community, and digital products that make the metaverse economy so powerful.
- A deep dive on non-fungible tokens (NFTs) and how to make the most of these assets.
- Frameworks to help find, nurture, measure, and capitalize on innovation in the metaverse.
About the Authors
Dirk Lueth is a serial entrepreneur and an early adopter of blockchain and related technologies, based in Silicon Valley. He co-founded European and US-based companies in the FinTech and digital media spaces, including the Financial Times Deutschland and Forbatec which has been acquired by SunGard (NYSE:FIS). Dirk mentored over 30 startups through his work at the German and Swiss startup accelerators in Silicon Valley and is a frequent speaker/panelist about blockchain and platform economics. He has studied Business Administration in Frankfurt and Paris and received a Ph.D. from the European Business School in Germany where he wrote his doctoral thesis about private and state-controlled currencies.
Cathy Hackl is a globally recognized tech futurist and top business executive with deep experience working in metaverse-related fields with companies like HTC VIVE, Magic Leap, and Amazon Web Services. She's the CEO of the Futures Intelligence Group, a leading metaverse consultancy working with the world's top brands on metaverse growth strategies, NFTs, virtual fashion, and how to extend their brands into virtual worlds. She's a sought-after consultant, speaker, and media personality. Hackl was recently featured in 60 Minutes+, Bloomberg and Cheddar's coverage of the metaverse and is a contributor to Forbes. She has written two books and is writing an anticipated book on the business opportunities of the metaverse that will be published by Bloomsbury Publishing. Hackl has been dubbed the Godmother of the Metaverse and is one of the top tech voices on LinkedIn. She's also the host of Adweek's Metaverse Marketing podcast. Cathy is now the Dean of Republic Realm Academy, a series of online courses about the metaverse.
Tommaso Di Bartolo is a Silicon Valley-based serial entrepreneur with two exits: A faculty member at UC Berkeley where he lectures about Entrepreneurship and Innovation focused on the topic of Blockchain, and an author of How to Growth Hack your Startup. A startup investor and a philanthropist focused on the future of food, Tommaso speaks 6 languages, keynotes in English, German, Portuguese and Italian and is a frequent keynote speaker at some of the most renowned stages.
Tommaso is passionate about sharing his lessons learned from nearly two decades of entrepreneurial tech expertise as a frequent global keynote speaker and as an advisor to some of Silicon Valley's most renowned startup accelerators such as Google Launchpad, Draper University, and The Alchemist. Tommaso will also join Cathy Hackl as a member of the faculty of Republic Realm Academy.
Foreword by Yat Siu, Chairman of the Board, Animoca Brands ix
Introduction xi
Why Should Businesses Care About the Metaverse Economy? xiii
Who Should Read This Book xvi
How We Structured the Book xvii
Part I Getting to Know the Metaverse and Metaverse Economy 1
Chapter 1 A Primer on the Metaverse 3
Terminology 4
What Is the Metaverse? 8
Putting the Metaverse in Historical Context 15
A Universe in the Palm of Your Hand 17
Interoperability Is Key to the Metaverse’s Future 18
Chapter 2 What Is the Metaverse Economy? 25
How Does Currency Work in the Metaverse? 29
Entering and Advancing in the Metaverse 31
Tokenomics 35
The Rise of Community Commerce 43
Power to the Player: Decentralized Governance 45
Four Key NFT Distribution Channels 46
NFT- Based Metaverse Revenue Model 49
Extra Guidance from the Authors 62
Part II Building a Strategy for the Metaverse Economy 65
Chapter 3 Building a Business Case for the Metaverse 67
Business Challenges 67
Is the Metaverse a Blip or a Trend? 72
The NFT Market Statistics 72
Key Value Propositions of the Metaverse Economy for Brands 75
Timing Is Everything 81
Crossing the Chasm of Metaverse Adoption 83
The Business Impact of Web 3.0
Technology 84
Extra Guidance from the Authors 88
Chapter 4 Meet the Metaverse Consumers 91
Demographics 91
The Three Flavors of User Engagement 96
Metaverse Mindsets 100
Importance of Avatars to the Metaverse and Digital Identity 110
Extra Guidance from the Authors 113
Chapter 5 New Business Opportunities in the Metaverse 115
Metaverse Business and Job Concepts 116
Metaverse Metrics 124
Extra Guidance from the Authors 129
Chapter 6 Key Segments of NFT Commercialization 131
Marketplaces 132
(Fan) Token Offerings 136
Fantasy Games and Collectibles 138
Metaverse dApps 140
Other Avenues to Explore 146
Extra Guidance from the Authors 151
Part III Metaverse Product Development, Action Framework, and Future Perspectives 153
Chapter 7 NFT Deep Dive 155
What Is an NFT? 156
Types of NFTs 157
How Do NFTs Fit in the Metaverse Economy? 158
Key Considerations for NFT Design and Purpose 165
Extra Guidance from the Authors 180
Chapter 8 Putting Together an Action Plan 183
Discover 185
Learn 186
Build a Case 188
Connect to the Community 190
Get IP into the Metaverse 192
Prepare for Tomorrow 194
Extra Guidance from the Authors 195
Chapter 9 Perspectives on Tomorrow’s Metaverse 197
Grow with the Community 197
Plug into the Technology Trifecta 199
Experience Is King 201
Make the Right Play in the Economy 204
Final Guidance from the Authors 220
Go Boldly 223
About Upland 225
References 227
Acknowledgments 233
About the Authors 237
Index 241
ISBN: 9781119898993
ISBN-10: 1119898994
Published: 28th June 2022
Format: Hardcover
Language: English
Number of Pages: 272
Audience: General Adult
Publisher: John Wiley & Sons Inc (US)
Country of Publication: GB
Edition Number: 1
Dimensions (cm): 24 x 15.5 x 2.5
Weight (kg): 0.54
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