Here’s Why I Believe in What We’re Building
My generation grew up with the internet. Unlike our parents’ generation, we’ve grown accustomed to finding whatever information we need on our computers, not in books. We buy products through websites, not in stores. More recently, we’ve started to utilize blockchain, a way to move money instantaneously 24 hours a day, all around the world.
I am a mother, and every day, I watch my own children interact with the internet. Their expectations of technology are very different from my own. Instead of scrolling through flat 2D websites alone, they walk through 3D immersive worlds with their friends. They talk to their peers through audio and text chat, on FaceTime or on Discord. They often have multiple screens playing at the same time, maybe a tablet alongside a phone. Sometimes a YouTube video or Twitch stream is playing in the background. Their status symbols are the objects they own and can show their friends in these virtual worlds.
They have been primed to spend their lives in the metaverse, where they will use cryptocurrency to buy and sell things, things like NFTs. This future is inevitable. In fact, it is already here.
What The Metaverse Means for The Future of Society
This vision of the metaverse has opened up a world of possibilities. We’ve all been, in a sense, taken back to our drawing boards with the opportunity to build these entirely new, virtual worlds. We all agree that the world we live in is already a hybrid of the physical and the digital, and that the future will be more virtual, more immersive, and more experiential than ever before.
This virtual world needs placemakers: architects and builders, people who understand that a built environment is only as rich as the content it holds. The same way that spaces in the real world must have good design, the right lighting, the perfect soundtrack and then be filled with the right people and interesting events, so too must we engage in placemaking in the metaverse if we intend to create social experiences there that can compete with the sensory reality of the real-world.
The metaverse is in its formative years and the foundation is being laid today, at a pace far more rapid than when the internet transformed the world in the late 1990s. The generation at the helm today watched that internet transformation occur, and they know from experience that they will need to engage and adapt or be left behind. The same way that every business on the planet has realized that it needs a website to compete, it will also need a presence in the metaverse.
It’s still difficult for anybody to fully comprehend the enormity of this possibility as we build blockchain-based virtual worlds.
Republic Realm is Pioneering Metaverse Innovation
At Republic Realm, we’re one of the largest landowners of digital real estate in many metaverses. We’re also one of the most active real estate developers there, too. We’re building our own economy that will sit on top of a vast interconnected world of other metaverses, the way that countries with distinct cultures make up the globe.
The metaverses offer blank slates. It’s up to us, as creators, managers, investors, developers, and owners, to envision and execute developments within these frameworks, pushing our imaginations as far as we can. At Republic Realm, we intend to be pioneers at the heart of this landscape. We know we have a long way to go and a great deal to do, and we couldn’t be more excited for what the future holds.
We’re onto something extraordinary and transformative here, and we are grateful for the opportunity.
- Janine Yorio
Republic Realm, Managing Director
The metaverse is ours for the making. Please join us on this journey. To stay up to date, sign up for our newsletter here.