Nagle said:
If they can pick up all that existing user engagement and transplant it into their nascent AR/VR worlds
The other obvious Metaverse failure from some big company trying to “bootstrap” it, is Google Lively. (And, if you want to be mean, Playstation Home.)
People don't want to do mundane things in the Metaverse. They want to interact with other people in as real and unconstrained environment as possible.
Staring into a screen, or, worse, strapping a scuba mask on your face, needs a significant reward, which mainly means entertainment.
Even fancy “AR assisted mechanical repair” type projects generally only improve performance based on making better information available in a better curated way, not the actual technical display. The same information, in easily searchable/browsable formats like PDF, tend to do just as well.
At some point, “real and unconstrained” will perhaps be possible to deliver through “cable into your head” kind of interfaces. At that point, I would be willing to reconsider my adoption rate prediction!
How do we make the metaverse fun?
I think the more interesting question is why would we try to take something that's entertainment and jam it into everyday life?
Technically, it may actually be possible to make “the metaverse” to be “fun” (enough) – deal with griefers, fatigue, repetition, and all the rest. But then, isn't that just another game?
I don't see anyone taking “paying my bills” or “going to the doctor” or “painting my house” and somehow turning that into a computer game that I'd be using. That's about as dumb as thinking that “because it's on the blockchain” makes anything happen in reality.
NFTs are a great money laundering scheme, nothing more. If I need to pay you a million bucks for … reasons … and want something to show in return so the authorities don't ask uncomfortable questions, then you will make an NFT and I will buy it. And you, the receiver, don't have to explain where the extra million bucks came from – no “very popular cash-only mattress store” charade needed.
Physical property accounted on the blockchain is only as secure as the overall society's will to apply physical force in its defense. Might as well remove the blockchain step.
I really do believe in the power of technology to significantly improve our lives, but these particular technologies, not as much!