Web 3.0 Insider Newsletter Issue 3
Ways to Bridge the Metaverse
Ways to Bridge the Metaverse
Imagine you’re walking through Manhattan...You gaze through the lens of your eyewear and what do you see? You see a street musician that usually does covers with their new digital album for sale, floating just outside the building they play at. Tickets for Broadway, available right at the box office, just by tapping on the floating show poster. Badging in by scanning/looking at a QR code. Reservations available, no call or third-party service necessary - just tap this digital book and sign. Links to Discord, Slack, and text chat links in front of buildings...who knew that your apartment building had a community? A button that shows up to pay rent to this building if you’re a tenant? An alleyway with a mysterious floating graffiti tag that links to a decentralized puzzle -- digital Banksy dropping hints before his next debut.
This is what we believe the future will look like.
So what’s happening now?
The bounds of what are are being pushed, every single day. This ranges from Axie Infinity becoming the most traded NFT collection ever last quarter hitting $2.5B, Bitcoin and Ethereum hitting highs this week, and massive Web 2.0 presences, such as TikTok venturing into the NFT space.
As the space heats up more and more, the masses of people will be looking for a bridge to enter in.
So, how is that bridge being built?
Through hype
A great example of this is MekaVerse, arguably one of the most anticipated drops as of recent, grew their Discord to over 100k users in ~48 hours using hype. However, hype is a double edged sword that can quickly create -and- collapse spaces. Many individuals purchasing at the height of the price floor now begrudgingly hold onto assets only 25-30% of their original worth. As we in Web3 know, stability is key.
Through shared community
Loot is a particularly serendipitous project: white text on black images that allows people to create their own stories and interpretations of the world together. People banding together over their items (say, crown-owners creating their own micro-communities and derivatives) creates an extraordinary amount of combinations and interactions where bottom-up building is emphasized over top-down pre-designated fated authority.
Through utility
The Sandbox demonstrates a broadly utilitarian ecosystem that encompasses player-driven flexibility in a higher-fidelity manner where assets of all kinds can be crafted and intermingled with each other in a large digital land-based metaverse. Alongside having its own marketplace and world map, it has a strong “choose your own vibe” characteristic, making the notion of entering the metaverse easier to grasp for newcomers.
So looking towards the future, hype, shared community ownership, and utility are all necessary components that we are predicting will drive the NFT space forward.
Planning for a better future.
Spree is in the Works 👉 the drop is coming!
Technically: Fine-tuning some of the tokenomics of our token drop that pairs with our companion app, Spree.
Creatively: Continuing to design the holistic ecosystem behind our drop and app.
Business-wise: We’ve been heads down writing a whitepaper for our upcoming drop.
Our Asks:
What are the coolest drops you’ve seen? What made you get hyped?
Cool connections to artists/creators/hustlers, and associated collectives 🎨
Intros to investors interested in Web3, blockchain, and media/entertainment🚀
Let’s collab - have a DAO, drop, or other exciting happening going on? let’s chat!
If you are interested in learning more about what we are doing at Spree day-by-day to build a more resilient foundation for web3 and content, let’s connect.
In the meantime, a space we are keeping tabs on is 👀
ERC-1155 token projects because they represent a flexible evolution of the ERC20, ERC721, and ERC777 contract standards, allowing more cohesive experiences across the metaverse!
✌️ THE SPREE TEAM