I was thinking about putting this in /games/, but I seriously think this could have consequences beyond that.
So the long and short of it is: tech companies are unironically LARPing about constructing something similar to The Matrix (?), and it's driving weird amounts of investor hype. I'll provide a few examples and explain why this might be an important development. Oddly, this seems to have penetrated tech/gaming markets in both America and China.
There's not really a short way to describe this weird outgrowth of contemporary investor capitalism without a long post so bear with me.https://www.bjreview.com/Opinion/Voice/202109/t20210918_800258648.html"The company announced its new metaverse-based online game that merges virtual with actual reality. Online, every gamer can become a unique brewing master in the China of 100 years ago. When going offline, gamers can pick up the spirits they conjured up whilst gaming online… The bulletin has stirred up quite a sensation in the capital market, pushing up metaverse-related stocks."
That example should, I suppose, tell you a little about what this is.
There was an article in the CPC's China Daily, which basically shat on the concept and called it fantasy:https://global.chinadaily.com.cn/a/202109/10/WS613ab3faa310efa1bd66e8eb.html
Nonetheless, investors don't seem swayed… hype continues.https://www.theverge.com/22701104/metaverse-explained-fortnite-roblox-facebook-horizon
There's this article in The Verge clarifying some things, such as that this is related to cryptocurrency NFTs in some way, and this idea originated in dystopian sci-fi fiction (lol). It's not uncommon to see media trying to hype up the concept referencing the children's movie Ready Player One… oddly enough.
Also it's surprisingly candid here: Post too long. Click here to view the full text.