Provide Gross Output Metaverse

Provide Gross Output Metaverse

Tech-savvy nation-states like South Korea, Japan and the United Arab Emirates They are racing to infuse their science into the metaverse, making their technology investments into the hundreds of millions of dollars.

But how do you measure success in real life – the effectiveness of such a huge investment – in a world that hardly exists yet?

Dubai thinks it has an answer, Announced last week In the “Dubai Metaverse Assembly,” the emirate will now track its “total output metaverse.”

One might wonder what this scale would include? Details are still murky: a minister only said that Dubai would “be able to generate billions of dollars in revenue from Dubai without people actually being in the emirate but experiencing it in the metaverse”, and the GMP would include tourism, retail, real estate and government services, among other things.

The nation-state’s rush into the metaverse might sound similar to the promises of companies like Procter & Gamble or the Creative Artists Agency, which launched an ambitious company. Enterprise Metaverse Projects Mostly to show their eagerness to maintain the technological edge of their companies. For some observers, it is very much.

“I see the proposed Gross Metaverse product as a smart marketing strategy,” said Louis Rosenberg, computer scientist and founder of the company. unanimous AI. “For countries where tourism and leisure make up a large proportion of their GDP, being able to represent any part of that that comes from the metaverse as GMP seems useful.”

It may seem strange to come up with national standards for a virtual world designed to be cross-border at heart. But policy makers are likely to welcome a tangible way to show the return on their increased investment in this sector.

South Korea announced its investment in More than 170 million dollars into the metaverse earlier this year, with the goal of creating business opportunities linked to its development and virtual platforms for city services. Saudi Arabia pumps millions of dollars in playnot least because the industry Already in the center From the fledgling metaverse (consider Microsoft $70 billion acquisition of Activision earlier this yeara movement that has been framed as buying a stake in the metaverse).

In a world of more noise than reality right now, the hype factor for advertising like Dubai is not irrelevant.

“What’s important here in my mind is the narrative they seek to instill,” said Yonatan Raz Friedman, founder and CEO of metaverse games company Supersocial and co-host of Bloomberg’s “Into the Metaverse” podcast. “[It’s] The story of future-focused Dubai, a nation-state that captures an early technological transformation to establish itself as the pioneer of a new virtual economy. “

Anyone familiar with the wise schemes of the UAE, and Dubai in particular, knows that Emirati leaders have a history of chasing the latest with at least some success. The Gulf country has built a modern skyscraper economy out of a series of ancient fishing villages, and Abu Dhabi’s Masdar City is a laboratory for clean energy and technological innovation – and it is constantly iterating, experimenting and rethinking its ambitions for how technology and society interact with society. each other.

But when it comes to the future, it’s hard to know what to bet on. More than a decade in existence, Masdar City The future is still in doubt. There are whole websites dedicated to empty Dubai islands, hanging “cities” and more Luxurious but not built on it projects.

Will the metaverse join their ranks? Can. But again, in an increasingly virtual world, there will be much less friction between ambition and reality. The new stats may eventually seem more visionary than wishful thinking.

“Ultimately we won’t focus on the difference between our physical surroundings and the layers of virtual content that are seamlessly added to our everyday experiences,” said Rosenberg, who believes less intrusive augmented reality technology is a more likely means for metaverse. “At this point, it’s all going to be just GDP.”

The United States is working together, albeit slowly, on encryption policy But a major global financial regulator might get there first.

The Financial Stability Board, a standards-setting body assembled in the wake of the 2008 financial crisis, plans to announce the crypto regulation plan at next week’s G-20 meeting in Washington, as is Politico’s Bjarke Smith-Meyer. I mentioned today For Pro subscribers. Stephen Major, the Dutch central bank governor who was instrumental in developing the plan, told Bjarke that cryptocurrencies should largely be governed by the same rules that govern traditional markets — “not just about securities,” Major said, but also “regardless of the laws that govern them.” and anti-money laundering regulations.

For those keeping score at home: This plan will come on the heels of the latest Biden administration Encoder frameworkFSOC for this week Report and recommendations In order to regulate encryption, many of the proposed Capitol Hill crypto bills, and the European Union is moving at full speed with its MiCA cipher regulation, which Plan to discuss With US regulators during next week’s International Monetary Fund and World Bank meetings.

In a global market, bringing all of these proposed regulations in line can be a daunting task as deciding what to say in the first place.

Can BTS “block” you against misinformation?

Once misinformation spreads online, it can be stubbornly difficult to get rid of. But fans of the world’s most popular K-pop group seem surprisingly immune, at least when it comes to their favorite group.

A group of disinformation researchers conducted “virtual ethnography and semi-structured interviews with 34 Twitter users from ARMY fandom, a global fan community supporting the Korean music group BTS,” and publish their results In the Harvard Kennedy School’s disinformation review last week.

In investigating the types of misinformation these fans in their community encounter and how they interact with it, researchers have found that the very traits that make these fan communities rabid defenders of their idols—and Surprisingly effective political actors He made them resist information classified as false, such as “rumors about BTS members and misinterpretations due to material being translated through multiple languages.”

These traits, i.e. a “strong sense of community” and “common goals,” are something any political or political system seeks to inspire its followers. Of course, it is one thing to check or debunk “misinformation” about the romantic life of a particular celebrity. Complex philosophical questions and value judgments that our politics require little.

But understanding the basic mechanisms through which information is transmitted and processed online is an important part of navigating our current politics in and of itself, and it’s not surprising that given it’s omnipresent cultural force like BTS fandom provides a convenient avenue for it.

Stay in touch with the whole team: Ben Scheringer ([email protected]); Derek Robertson ([email protected]); Steve Houser ([email protected]); And the Benton Ives ([email protected]). Follow us Tweet embed on Twitter.

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