# Metaphysical Script Notes - Drew

*Opening animation and epic music (obviously)*

‘The Metaverse..verse...verse...verse'


In futurism and science fiction, the metaverse is a hypothetical iteration of the Internet as a single, universal and immersive virtual world that is facilitated by the use of virtual reality and augmented reality. Its a new social layer meant to provide a more immersive and rich engagement to our digital lives.


In its current form, the term has been co-opted to represent independent virtual worlds - walled gardens - that live separately and share very little overlap. We are here today to present a vision for an open, interoperable meta verse that exists beyond the hype and fad: a platform agnostic vision, where users can move freely between worlds without friction. An open ecosystem where individual ownership of digital assets enable a complete personalized, yet shared experience. Where your assets can be displayed, equipped, worn, driven and more.

An open metaverse ensures that users can build, and deploy interoperable spaces, driven by research, development, and innovation. Closed virtual worlds are usually non-extendible, and lack the ability to upgrade, import, and export assets. An open metaverse would represent a truly interoperable ecosystem.

An open metaverse is the natural next step and evolution of the internet. Closed and centralized systems are stifling innovation due to profit driven companies that run them and the lack of fair discovery mechanisms and shared positive sum alignment.

What does interoperable mean? Interoperability is the ability to import and export data between programs. In the metaverse, this ‘data’ most commonly takes the form of digital identity as represented by avatars and accessories. Our goal is to enable the frictionless transport of these assets from one world to another. Everyone should be able to travel to other platforms and bring their identity with them. If you own a wearable in one world, you want to bring it to another. If you win a sword in one game, you want to bring it into another.

Every aspect of our lives is being digitized or augmented. Pretty soon all of our clothes, hats, shoes, and garments will be scanned, or modeled to express our digital identities just like our physical ones. Using tools like AR lenses, and VR simulations, we will see avatars and accessories everywhere. Wearables will be at the forefront of the emerging digital fashion industry. Our avatars and wearables will be a part of our everyday lives, and integrated into everything, composing our digital identity and extending our physical one.

While built on the backbone of the internet, a truly, open metaverse requires a number of foundational building blocks in order to be realized. Blockchain enables the individual ownership of digital assets by acting a decentralized database verifying who owns what. It also allows for the metaverse itself to be decentralized - not owned by any particular company or entity: a shared virtual landscape that everyone can participate and play in.

The current evolution, also known as Web3, is a new iteration of the World Wide Web based on this blockchain technology, which leverages decentralization, individual sovereignty, anonymity, shared intellectual property, public good funding, new coordination tooling and free market based economics.

All of these values set the foundation for the emergence of an open metaverse, which seeks to empower the individual while providing opportunity for collaboration never before seen. Individuals with shared interests and passion coordinate through new organizations called ‘DAOs’. A DAO, which stands for decentralized autonomous organization, are member-owned communities without centralized leadership. They leverage existing social platforms to communicate and new web3 technology to manage shared treasuries through open governance. Members can create proposals for what the group should do, how funds should be used and vote based on their individual preferences. This approach eliminates the need to involve any ‘trusted third party in any decentralized digital interaction or transaction.

You are currently experiencing a ‘virtual’ virtual production created by MetaFactory and its partners. Yes - you heard that right. Virtual Squared! Inside virtual reality, we have simulated a physical film production studio based on the physical layout and specifications of Lume Studios - the physical venue you are currently in. The production industry is going through yet another digital revolution - sets are built using giant LED walls used to create incredible production environments, where almost anything is possible. Digital avatars can now act as the cinematographer, as well as the subject in films. Virtual camera systems and lighting spliced together in realtime using video game engines are changing the way content will be produced forever.

The content you are experiencing was shot using a custom, multi-camera rig system that shoots in real time over the network built by the MetaFactory team.

Using this virtual production setup, we are able to provide a remote virtual production that mirrors the physical event, whether it be an educational showcase, business conference, fashion shoots, or more.

For MetaPhysical, we have recreated Lume Studios in New York. By simulating this physical space we are able to film in the 1 to 1 clone, capture content, as well as host the event in VR, almost exactly to the specs of the space that exists in IRL.

This digital production space radically lowers the cost of creating content and provides people with the ability to experience events without being present in person. We have been working on exploring the concept of a decentralized production studio by supporting and creating open source tools, and content production studios to support the wider development of the open metaverse.

While extending from and primarily focused on the digital side of our lives, its clear that the metaverse will be just as relevant to our physical reality, permeating our physical lives just a deeply - augmenting and enriching everyday experiences.

Please allow us to introduce you to a few of the DAOs, builders, and innovators that are working to create an open, interoperable metaverse ecosystem uniting our physical and digital realities.

**MetaFactory**

MetaFactory was born from a desire to cultivate crypto culture through fashion and apparel and explore the possibilities of a decentralized, community owned brand and marketplace.

MetaFactory is a digiphysical culture factory - one of the first decentralized brands, owned and operated by its community. While seen as a composable merchandise platform and fashion brand on the surface, under the cover it is a DAO research collective exploring the future of physical production, worker coordination and decentralized supply chains.

While primarily focused on the physical production side thus far, today marks the introduction of their interoperable NFT standard for metaverse wearables. Customers who previously purchased physical garments will receive digital compliments that can be used to dress their avatars in various virtual worlds. Many fashion brands are working to provide metaverse integration and MetaFactory has released the first truly interoperable solution.

**Webaverse**

Webaverse is a game. Or, it’s more than a game. It’s a world that contains infinite games. And hopefully it’s a world that contains infinite games within a world that might one day contain infinite worlds.

Webaverse is a community. Built in conjunction with communities like Discord and atop existing open standards and technologies, we’re making Webaverse for and with the help of people like you.

Webaverse is freedom. Play in any browser without downloading anything. Bring in your own weapons and fire away. Drag and drop into the Webaverse your own custom avatars and share your own identity, whatever that may be. Hell, build your own amphibious bomber-drone or construct a zoo for flying gorilla tigers! Webaverse enables you to shape the world as you see fit. Tell your own story and then take it with you when you leave!

**M3**

M3, also known as the Metaverse Makers, are a collective of makers who contribute towards building the open metaverse. From ideation, organization, data research, design, and execution, M3 sits at the precipice of all things ‘metaverse’, pushing the needle on what’s possible and bringing us into the future.

**Kong**

Kong Land is an experimental crypto state with a mission to bridge the physical world to the digital Metaverse through the global adoption of its public good, Silicon Locked Contract (SiLo) chip technology. SiLos are a low-cost, durable, secure element cryptographically linked to a smart contract. Embedding a SiLo into a physical item transforms it into a cryptoasset that can be verified on chain (using your smartphone), as well as interacted with in real life.