Gate.io AMA: Brief Talk about the Development and Future of Metaverse

2022-10-26, 07:24

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**Q: In the past two years, many places have successively built Metaverse industrial park. What is the significance of building these industrial parks?**
A: As the next generation of the internet, the metaverse is expected to build a new digital space that is deeply integrated with the physical world. Hence, the establishment and development of metaverse industrial parks have progressively gained widespread support among local governments.
![](https://gimg.gateimg.com/image/16667684032077651251.PNG)
Through the integration and innovation of cutting-edge digital technologies, metaverse builds a brand-new digital space that can promote social and economic development and progress. Only through the overall transformation of the industrial chain can the best effect be achieved. The metaverse industrial park is actually the physical carrier of the metaverse industrial chain. It works so well to support the landing of the metaverse application through the industrial park.
At the same time, technological innovation requires a large amount of face-to-face and private communication. In the process of continuous communications, the knowledge reserves of talents can be updated and iterated most quickly. In summary, the purposes of the construction of the metaverse industrial park are mainly to grasp new opportunities, control the industrial chain and absorb talents. The social consensus on the metaverse will eventually emerge as the metaverse develops and basic concepts become more prevalent.

**Q: Will building metaverse industrial parks become the main method of metaverse development?**
A: The city-based metaverse development model will be the mainstream. However, the infrastructure in the metaverse era must be highly distributed, and the global computing and storage resources will cooperate to form an integrated system while maintaining their independence. In other words, there won't be a single digital place known as the "metaverse," but rather a vast number of them that are distinct from one another but connected and compatible with one another, with new digital spaces constantly emerging. All these digital spaces will be collectively called the "metaverse".

**Q: How many categories may the existing metaverse's development models be classified into?**
A: Basically,  the company or city-based modes will be the main pattern, but in the metaverse era there will be new economic community organizations emerging, and the changes in the governance of the new organizations will bring about changes in business models. The concept of companies is likely to gradually disappear in the metaverse era. Instead, the economic communities will become the mainstream. Any participant can form a community economy and has the opportunity to make contributions to different projects, so as to obtain the long-term value distribution of the projects.

**Q: What, in your view, are the main directions for the development of the metaverse?**
A: The most critical application scenario is the industrial scenario. With the help of the metaverse, people around the world can communicate and cooperate efficiently. Fully networked intelligent devices will be effectively linked, and the industrial chain cooperation will become more transparent and efficient, which will promote the deep integration of the digital economy and the real economy.
The first is the entrance of the metaverse, which involves the popularization of access terminals and the construction of high-speed and low-latency networks. 5G network and satellite internet are also crucial for the rapid development of the metaverse because they ensure the stability of access and global coverage of the metaverse. All these require further technological breakthroughs and complete infrastructure construction.
![](https://gimg.gateimg.com/image/16667684039328831892.PNG)
The second is to have enough computing power and data storage space. The future metaverse will be a digital space with enough space to accommodate numerous people to use at the same time. The amount of data will increase explosively, and the existing cloud computing system cannot support it. Therefore, it needs the support of cutting-edge technologies such as edge computing and distributed storage.
Thirdly, in order to realize the mapping from the physical world to the digital world, it requires further breakthroughs in digital twins, three-dimensional scanning, the internet of things, industrial internet, and other technologies as well as the construction of the corresponding infrastructure.
In addition, it involves the development of applications in the metaverse, which will be based on the development of artificial intelligence, intelligent robots, big data, and blockchain technology.
Finally, the two problems that restrict the growth of the metaverse, energy availability and carbon emissions resulting from it, must be addressed in order for the metaverse to develop. In addition to using computing power and data storage space, the large-scale application of metaverse digital space will also consume a lot of energy. Carbon emissions will increase exponentially in the metaverse. Therefore, it requires constructing new infrastructure, developing clean energy and going carbon-neutral firmly.

**Q: What roles should local governments play in advancing the metaverse industry?**
A: All regional governments should seize the opportunities brought about by the development of the metaverse industry. The application of metaverse in different scenarios such as industrial metaverse, commercial metaverse, financial metaverse, education metaverse, cultural metaverse, and health metaverse will bring major opportunities to local economic development.
![](https://gimg.gateimg.com/image/16667684037554934143.PNG)
**Q: Which fields will see metaverse application breakthroughs first?**
A: In my opinion, breakthroughs will first take place in technological innovation, industrial integration, and digital wealth areas.
First is technological innovation. Metaverse is a technology-driven industry, and technological innovation is the foundation of all its applications. In essence, the innovation of metaverse involves the integrated innovation and application of a series of cutting-edge digital technologies such as cloud computing, distributed storage, the internet of things, VR, AR, 5G, blockchain, and artificial intelligence.
![](https://gimg.gateimg.com/image/16667684032260830504.PNG)
Secondly, in the metaverse, people across the world can communicate and cooperate efficiently. Fully networked intelligent devices will be effectively linked, and industrial chain collaboration will become more transparent and efficient. For example, NVIDIA has conducted industrial integration through Omnivers and has replicated the real industrial environment in the metaverse.
The last one is digital wealth. The construction and popularization of the metaverse will lead to the creation of new wealth in the digital world. Digital assets, due to their liquidity, independence, security, programmability, and broad application potential, are expected to become the key carrier of digital wealth in the metaverse that connects the assets between the physical and digital worlds. Therefore, we can boldly predict that in the future, 80% of the digital wealth will be created in the metaverse, and digital wealth will become a mainstream form of wealth. How to create and realize digital wealth will become an important issue that affects the construction of the economic system in the metaverse.

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