Metaverse. What is it? What does it all mean? More specifically what does it mean for me? Every day more and more people are asking this question. For those of us that can remember, it’s much like what happened in the late 1990s when the ‘internet’, which was just becoming a ‘thing’, slowly at first, then suddenly started to blitz every news channel, magazine cover (remember those) and coffee shop chat with its value-proposition and proclamations that it will change the world FOREVER. Well, it did. And now it’s the turn of the Metaverse.
So, if we’re to take the red pill and jump down this rabbit hole, we should at least know what to look out for when we land!
So, if we’re to take the red pill and jump down this rabbit hole, we should at least know what to look out for when we land! The dot-com bubble that burst in early 2000 was down to many rushing in to capitalize on the internet boom, and investors, as well as users’ lack of understanding the core fundamentals of doing business on the internet. There were a handful of companies that ‘got it’, who set up their businesses with these core fundamentals baked in from day one. Google, Amazon, Facebook, eBay, Match.com to name a few, who are all some of the world’s most valuable companies today.
So, we can assume it’s not first-mover advantage that’s going to establish the next wave of web3.0 companies, who will go on to become the successor states to the internet. Also, those metaverse companies that merely wish to steer the current conversation in favour of their own agenda (we’re looking at you Meta), and market dominance will fail miserably to establish a metaverse that ‘sticks’. Simply; if you want to control the metaverse you’re destined for failure.
Simply; if you want to control the metaverse you’re destined for failure.
On the flip side — companies that understand the core fundamentals of the metaverse and establish these ‘laws’ and build them into, and their metaverse around them, will be the next generation of companies that successfully come through the-next-big-thing, shaping billions of lives (this time, for the better for EVERYONE).
It’s no secret that current social networks are broken. While they might still be experiencing user-growth, that can be chalked down to a lack of a truly viable alternative, but the bigger problem is that legacy social networks really control every aspect of the social experience. Foremost is the central control they wield over who actually gets to have a voice on their platforms, and how loud that voice can be. Uhive’s decentralized moderation standard is the ‘fix’ millions of users are waiting for — and offers every single user the opportunity to have a voice on the platform, with the governance that decides the volume level, controlled by the users themselves. Uhive aims to be 100% community moderated in 2022, and will continuously evolve its decentralization giving it the power to scale to incredible new heights.
Uhive’s ‘Dividends for All’ revenue share model is an entirely unique value proposition and promises to share the ‘wealth’ proportionately with users. Intrinsically linked to user acquisition, token trading volume and token price, Uhive aspires to create the first global universal income for everyone that participates in the metaverse. The metanomics are designed in such a way that while the physical world’s economy may take a hit, this won’t effect the metaverse’s economy in such a negative way. Since users will have access to entertainment and communities that are completely autonomous to the outside world, within Uhive’s metaverse billionaires can be made while corporations crumble.
Uhive’s agenda has always been to give back control to the users, and in doing so democratize the entire online social experience. One way we have achieved this is by launching community moderation (pioneered by Wikipedia), accepting users to become councillors, and creating a public board.
If you’re a metaverse and you are centrally controlled you’re horribly limiting your ability to scale. Not only that — but you’re going to anger a lot of people in the process! People don’t like monopolies, and with centralization comes monopolisation. Add to this the limitations this enforces on innovation and the ability for creators, businesses, and societies to all get their fair share, and these businesses are only ever going to control a very small part of the metaverse (if any, eventually).
Uhive’s economy is circular and complete, which means like the physical world, everything can be bought, sold and traded, while it operates both across the digital and physical environments. A user’s content, their space (profile/s) and space names, space locations will have a value, and that value can be passed from user to user, within the digital realm and also exported to the physical world and used there.
By creating a complete simulation of human existence, and abiding by the Fifth Law, creates a virtual world that reflects the ability for users to communicate, find information and fulfillment within the metaverse, and allow for infinite possibilities.
This virtual world must become the new internet - Web3 - and everything a human needs to do can be done here, it should be open, and provide endless possibilities to its users, not limited by the original designs.
Users must be able to build on top of this virtual world exactly like civilizations, over thousands of years, built the world we all live in today.
VR and 3D is just one way to represent the Metaverse, but it's not the definitive one! Any metaverse claiming their place must abide by all four previous Laws to be a true metaverse.
Uhive stands for a handful of social media revolutions that are breaking the decades-old norm and disrupting the status-quo that currently stands between Big Tech and individuals who use social media. While these include the Oasis and the Magna Carta Protocol, Uhive’s most ambitious and sweeping goal is to share all of its wealth and success with everyone via a universal income proposal, which unconditionally distributes dividends (via tokens) for all active users on a daily basis. Simply put — success and wealth should not be distributed between only those that own equity in Uhive, but all those that participate in making Uhive a success!