What is metaverse? With Ari Trouw, XYO Co-Founder and CEO, XY Labs

So let’s get started! First, tell us a little about yourself, for example, name, profession and personal interests.

My name is Arie Trouw and I’m the co-founder of XYO, the world’s first crypto-backed geospatial blockchain network. I am currently the CEO and Chairman of the Board of Directors of XY Labs, Inc.

I started using computers in third grade around 1979, which led to my career in software engineering. I am fortunate to be a serial entrepreneur and have had many successful exits, which gives me the flexibility to pursue my passion. One of my biggest interests is understanding the relationship between data and the physical world, which XYO and XY Labs are primarily involved in as an organization. I also strongly believe in decentralization and creating an integrated owner/user model.

Please summarize what the metaverse is in a paragraph or two.

Web 2.0. , The second phase of the Internet, ushered the world into a new era. We’ve moved away from simple website pages toward new interactive experiences and user-generated content. Accelerated by Covid-19, generational differences, and technological advances, we are increasingly socializing, shopping and exploring in virtual worlds. We are now approaching the next iteration of the internet, the Metaverse, which will be a convergence of both the physical world and the virtual world in which we play. In the future, I believe that technology will evolve so much that the physical and digital worlds are indistinguishable.

Are you currently working, directly or indirectly, building the metaverse?

XYO is at the forefront of the Metaverse movement, with a focus on empowering people to participate in the global data economy through the validation of anonymous and secure geospatial data.

With a network of millions of individual nodes and users offering their data in exchange for XYO tokens, XYO is positioned to help create a virtual reflection of the physical world that can be replicated to provide live moments in real time.

Instead of handing over the data to an anonymous multinational company that uses it to generate profits, XYO has harnessed the popularity of games to win. We’ve shaped the data generation process with the COIN app, which rewards users with COIN for validating geospatial data while traveling, commuting, jogging, or simply in their daily lives.

In your opinion, is the Metaverse inevitable, or is it just another tech topic that will lose popularity?

Metaverse is simply the next stage of the internet. Companies from nearly every industry are evaluating the potential of Web3 and blockchain.

Metaverse may be an emerging concept, but its fundamental foundation is a group of key industries including data tracking, logistics, social media, marketing, and inventory management.

Why is the Metaverse such a revolutionary concept?

In the Metaverse, companies, creators, artists, and brands will be able to interact with customers, fans, and ordinary people in ways we’ve never seen before. Brands that build in the Metaverse will have the ability to create fully immersive user-centric digital experiences that connect to their physical products.

What the Metaverse will look like to end users is still taking shape, but with some of the biggest global brands coming in, we can expect a fully immersive digital world to come true.

What can people build in the metaverse that we can’t do online or in virtual reality today? From what limits does our current technology liberate us from the metaverse?

Despite the efforts of tech giants like Facebook to claim the Metaverse, there is no single entity that controls the burgeoning virtual world. Anyone with the skills and desire can establish himself.

I don’t think we can build a Metaverse without a blockchain. Blockchain, cryptocurrency, and NFTs will allow for exponential growth.

Metaverse is not just an opportunity for brands to take advantage of, but a peer-to-peer network that will fuel innovation. Thanks to the blockchain, users will be able to work directly with each other instead of relying on a central operator.

How fast is the metaverse growing in your opinion? How far can we expect metaverse technology to grow in the next five to ten years?

While the Metaverse is a popular topic on social media and major publications, the truth is that the concept is still in its infancy and there is still a long way to go before you can wear a 3D headset and visit exotic global destinations. Projects like Sandbox and Decentraland offer a glimpse into what this new world has in store. However, it is only at the beginning of its adoption curve as bugs in the blockchain system continue to improve, including high transaction costs and slow processing times. Then it is about helping companies migrate their physical presence to the virtual world and name each element that is unique in real life so that it can be represented digitally.

What do you own in the Metaverse? Do you have any concerns or does the concept present any threats?

The prospect of merging our human and digital identities is exciting and perhaps frightening. I hope Metaverse will remain decentralized and inclusive, and equally serve users around the world.

I’m afraid the Metaverse could turn into a miserable nightmare if the proper frame wasn’t in place. Many companies and government agencies feel the power to abuse our privacy, manipulate our positions, and violate our freedoms. We must ensure that our security and independence are protected in these new worlds.

thanks for your time! last word?

There is a lot of buzz around the Metaverse, but there is still a lot of development that needs to be done before it becomes a reality. XYO provides an essential service by helping to build the data infrastructure that will help create a virtual world that reflects the physical world but is accessible from anywhere.

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