Lamina1 Publishes its White Paper on Building an Open Metaverse

Lamina1, a blockchain technology company run by Neal Stephenson, just published a white paper on its plans to make an open metaverse.

Sep 29, 2022
by Anvi Saini
Lamina1 Publishes its White Paper on Building an Open Metaverse
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According to the company, its goal is to provide infrastructure to communities so that they can build a more immersive internet using a Layer 1 blockchain. 

Neal Stephenson's Vision for THEEE METAVERSE

The white paper claims that THEEE METAVERSE, which is now in its early stages of development, would provide a vividly conceived interactive virtual environment with a compelling backstory. The Lamina1 network is made to bring in and keep creative professionals who like Neal's vision.

Lamina1 also stated that the metaverse is the next step in how our digital lives will change. The transition to immersive 3D and 2D environments where may freely engage in activities such as creation, exploration, community building, and commerce.

The report noted the progression of games toward the metaverse, with hundreds of millions going online. Spending on virtual goods is expected to reach $110 billion in 2021, with nearly 30% attributed to the virtual outfitting of our virtual selves. 

Key Highlights from the White Paper of Neal Stephenson's Lamina1

The project's objective is to promote Web3 as an alternative and address issues users had with Web2. Lamina1 announced that it would join the Metaverse Standards Forum and investigate the possibility of incorporating a metaverse browser into its metaverse services.

The company takes a multi-pronged approach to the open metaverse. It has Layer 1 blockchain technology, a metaverse-as-a-service (MaaS), economic engagement and incentives for the community, and the ability to create unique content. Utlimately, Lamina1 will be the hub of an ecosystem of open standards, open source tools, and supporting technologies made by a large group of creators working together.

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