Rockin' out in the Metaverse

Owning your metaverse property šŸ” & Naomi Osaka's Bank Balance šŸ¤Æ

Hey there šŸ‘‹ ,

This week, Iā€™ve picked out two articles on the Metaverse (virtual land ownership and musical metaverse concerts) and a mind-boggling tweet thread about tennis star Naomi Osaka šŸŽ¾ .

You donā€™t have to read everything, just skim through whatā€™s interesting to you and reply back with your feedback.

Living In Beta is a digest of interesting things I find each week, and any new posts from me. If this is your first issue, welcome!

Articles of the Week:

In the real world, youā€™d probably guess your local council or similar. But in the virtual world? It could be anyone.

What is Upland? - Bitnovo Blog

Upland.me, a virtual property metaverse that allows people to buy, develop, rent out and sell virtual land parcels based on real-world property addresses, has rapidly grown over the past 24 months to now reach 100k daily active users.

The concept allows anyone to buy virtual property - for example, you could purchase the plot of land the real-life White House is on.

The plus side: Upland is trying to build a true market-based economy in the metaverse, by combining aspects of the real world (property/land ownership) with a virtual layer (augmented reality & digital assets).

But is any of this legal? I donā€™t think anyone has figured this out yet. Who would even have the rights to this, if this somehow caused an issue for the real-life owner?

 

My take: Companies that combine aspects of virtual and physical will become more commonplace and I can see why there are 100k daily active users. However, similar to the debates around AI ethics, there isnā€™t really an answer to where the legal boundaries of this are.

Warner Brothers are planning to open an ā€œEstateā€, that will a combination of musical theme parkā€ concert venue to enjoy collective musical experiences.

A virtual concert hall with blocky avatars dancing in front of a Snoop Dogg sign.

Warner Bros is partnering with The Sandbox Network, one of the most popular metaverse projects out there (most famous for a collab with Snoop Dogg, to create ā€œThe Snoopverseā€).

My take: Similar to how Fortnite, Minecraft and Roblox created virtual concerts inside their own game for players, I can see how The Sandbox network offers the opportunity for Warner Bros to offer unique experiences to fans such as: exclusive events, ā€˜listeningā€™ parties and even provide a platform to artists to launch new music and connect with their fanbase (in turn, bringing more fans to the Warner Bros community). Smart move.

As a Brit, Iā€™m a big fan of The Great British Bake Off.

Iā€™m even more of a fan of how ambitious people organize their time and achieve huge results.

This article has both. Thereā€™s a paywall (but I can forward the newsletter to you if reply back), so here are the key lessons:

  • Reflect on your priorities, what youā€™re working on and how you can improve

  • Capture ideas quickly (have a notebook or write a digital note to de-clutter ideas from your mind

  • Tactics for dealing with anxiety include:

    • separating thoughts & feelings into smaller chunks to assess how they are impacting you

    • Attempting to alter some of those negative thoughts and feelings impacting you

    • Reflecting on what impact the changes have had

    • Continue the cycle of recognition, conscious alteration and reflection so the automatic responses are more positive.

Thereā€™s a ton more, and Peter seems like a genuinely good guy. You can find his Instagram account here.

šŸ¦ Tweet Threads of the Week:

ā“ Important questions to ask:

Asking good questions is key to solving problems, as well as challenging the status quo in order to help those around us to think bigger.

šŸ’° Naomi Osakaā€™s Earnings:

Loved this thread - insane to think she earned $57m in 2021, with 96.4% of that coming off the court. šŸ¤Æ

She has brand partnerships with or has invested in:

  • Nike ($10m/year)

  • Sweetgreen (IPOā€™d at a $3bn valuation in November 2021)

  • BodyArmor (valued at $2bn when she invested, was acquired by Coke for $8bn)

  • Daring Foods (saw 900% growth in 2021)

  • Endorsement deals with: LV, Beats, Mastercard, Tag Heuer

šŸ§  20+ Wise quotes:

My top 5:

  • ā€œWhat you get by achieving your goals is not as important as what you become by achieving your goals.ā€ ā€“Henry David Thoreau

  • ā€œCharacter cannot be developed in ease and quiet. Only through experience of trial and suffering can the soul be strengthened, ambition inspired, and success achieved.ā€ ā€“Helen Keller

  • "The most difficult thing is the decision to act, the rest is merely tenacity." ā€“Amelia Earhart

  • ā€œWe are what we repeatedly do, Excellence is therefore not an act but a habit." ā€“Aristotle

Until next time

As always, if you're enjoying Living In Beta, I'd love it if you shared it with a friend or two. If anything stood out, whether good or bad, I would love to hear about it. Reply to this email or tweet at me and letā€™s chat.

Until next time,

Fahim