What Kind of Metaverse Projects Should Join An Integrator?
Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.
Web1, or the first phase of the World Wide Web, was all about information sharing. It was a time when people could easily find information they were looking for on digital sites. Web2, which is what we are in now, is all about engagement. This is where user generated content, social media and ecommerce took off.
Web3, which is still in its early days, is all about giving users back control of their data. This is done through decentralization and the use of cryptocurrencies. In the Web3 era, users can interact with each other without the need for a third party.
Metaverses are one of the best examples of Web3 in action. These are virtual worlds that are built on top of the blockchain. They allow users to interact with each other in a decentralized manner.
Metaverses are still in their early days and there is a lot of room for growth. This is why Mike Vitez and David Taylor have launched a startup integrator called Limitless. Limitless is a platform that provides a suite of products and services to incubate and maximize startups’ endeavors in the metaverse.
The two co-CEOs of Limitless are confident that metaverses are going to be the next kind of Internet, which means that any kind of business should consider launching in one.
The First Use-Case of Web3
David Taylor argues that “the metaverse is the first real use case of Web3.” He notes that cryptocurrencies have been around for a while, but this is the first time when decentralization and true digital ownership have become at the forefront of technology.
He believes that the metaverse will be the first place where users can truly experience digital human interactions. Large corporations like Facebook and Microsoft have been trying to conquer the digital avatars of their users in the last few years, but they will be met with resistance in the metaverse.
Mike Vitez adds that “there will be many metaverses that users can access and use interoperably.” This is due to the decentralized nature of the metaverse. He believes that the key to the success of the metaverse is the development of a strong community.
Why Launch in a Metaverse?
“If you’re a startup, you need three things to be successful: money, people and market,” notes Vitez. Money can be provided by venture capitalists, people can be found by recruiting from the community, and market can be accessed by launching in a metaverse.
Mike Vitez and David Taylor believe that the Limitless platform can provide all three of these things. They are confident that the metaverse will emerge as the primary platform for business interactions in the Web3 era.
Just as Blockbuster gave way to Netflix, it is likely that the metaverse will supersede the current web in terms of its usefulness for business. The co-CEOs of Limitless are in the process of building an ecosystem that will help businesses launch and thrive in the metaverse. They are committed to helping over 300 companies establish themselves in this new virtual world in the next five years.
By aiming to on-board 300 companies, this enables Vitez and Taylor to select from a wide pool of project types with different scopes, sizes and maturity levels to incubate, accelerating the development of the metaverse.
Taylor calls this upcoming era, the first generation of “metaverse businesses.” They will provide services that are unique to this virtual world. Ultimately, the future of business is in the metaverse. Mike Vitez and David Taylor are making it easier than ever for startups to establish themselves in this new virtual world.
