Samuel Huber, the CEO of the progressive tech firm LandVault, has provided a thought-provoking analysis of the current state of the metaverse. Speaking at the Arte Talks event in Dubai, Huber voiced his observations on the ebb and flow of interest in the metaverse, noting a slight downturn since its peak in 2021 and 2022. He attributed this to early projects that were unable to live up to their initial hype, often due to an overestimation of the metaverse’s short-term impact and a lack of practical utility in their design.
Metaverse: A New Frontier
Despite the waning enthusiasm, Huber emphasized that the metaverse continues to captivate the interest of certain key players, particularly governments in the Middle East. These governments are exploring ways to leverage this cutting-edge technology to enhance their economic landscapes. As such, the metaverse is seen less as a digital fantasy land and more as a tool for economic rejuvenation and growth.
LandVault: Building the 3D Internet
Huber’s company, LandVault, plays a crucial role in this process. Working in collaboration with various government agencies in the region, LandVault is striving to build what Huber refers to as the “3D internet.” This concept revolves around creating immersive 3D experiences that can be incorporated into existing websites, thereby elevating the user experience to new heights.
Spatial Computing: Beyond the Metaverse
Such a vision focuses less on the initial hype of an isolated metaverse and more on an integrated approach with current internet technologies. The discussion extends to the concept of spatial computing, a key aspect of the future prospects of the 3D internet. Spatial computing, which involves the digital manipulation and co-ordination of physical objects, has a rich history and holds significant relevance in the modern technological landscape, including Apple’s recent ventures into this domain. The conversation also explores the differences between spatial computing and the metaverse, illuminating the vast potential of the 3D internet and spatial computing.
In conclusion, Huber’s insights suggest a shift in the narrative surrounding the metaverse. The initial excitement may have subsided, but the potential for innovation remains, particularly when viewed through the lens of the 3D internet and spatial computing. As the technology continues to evolve, it will be fascinating to see how these concepts shape our digital future.