Yingzi Yuan: Gaming, Web3 and Saving the Metaverse

Published January 5th, 2022 - 07:40 GMT
Yingzi Yuan on Gaming & the Metaverse | Al Bawaba
Yingzi Yuan on Gaming & the Metaverse | Al Bawaba

During the 2008 economic crash, you’d often see phases like ‘masters of the universe’ or ‘too big to fail’ used un-ironically by journalists to describe the power of Wall Street Banks, and financial institutions.

In many ways a similar oligarchy of institutions have formed in the global tech industry; today Big Tech rules Cyberspace. And yet, like the financial system, cyberspace is reshaping.



 

We’re not entirely sure what the end result will be. For now, let’s just call it the metaverse. In this episode with talk with Yingzi Yuan, founder of the metaverse summit. Yingzi comes from a gaming innovation background in Europe, at the same time as having a strong familiarity with gaming culture in Chinese and Asian markets.  

And yet, like the financial system, cyberspace is reshaping. We’re not entirely sure what the end result will be. For now, let’s just call it the metaverse.

That’s important because it’s not just social media giants moving into the metaverse. One of the features of a 3D Virtual web is that, well, it’s in 3D. And guess what: Game markers have been designing 3D worlds for decades; that’s why most of the best physics engines, rendering environments and creative tools are owned by video game companies. 

Can Web3 standards prevail, or is a multipolar metaverse order of incumbent giant platforms and decentralized rebel hinterlands on the horizon?

Slowly but surely, game design principles are merging with NFTs, crypto currencies and decentralized forms of governance.   But will it be enough? Can Web3 standards prevail, or is a multipolar metaverse order of incumbent giant platforms and decentralized rebel hinterlands on the horizon? We spoke with Yingzi for some early insights into how the gaming community may shape the metaverse.

What is UAE Tech Podcast?

The UAE Tech Podcast: Expo Edition is distributed by Al Bawaba Business. To sponsor a single episode or a series of themed episodes please contact our editorial team or download a sponsorship press-pack
Check out our previous previous episodes here

© 2000 - 2022 Al Bawaba (www.albawaba.com)

You may also like