Open Source Metaverse - Josip Almasi, Open Computing Ltd.
Channel: The Linux Foundation
Date: 2022-07-19

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Open Source Metaverse - Josip Almasi, Open Computing Ltd.

Metaverse became a buzzword nowadays, and different sources estimate Metaverse market to reach $800B any time between 2024 and 2030. But, what's the point? How does the virtual economy work? And, what's the role of open source? Josip Almasi, VRSpace.org project lead, will attempt provide some of the answers. A self-hosted multi-user VR server, audio and video streaming are basic building blocks of VR-enabled web. AI characters provide added value, as advisors, tech support, salesmen etc. Communities of servers share the state of virtual worlds on a distributed immutable ledger, AKA blockchain. On-chain assets represented by Non-Fungible Tokens can be owned and traded, enabling a virtual economy. All this can be built, and is being built already, using exclusively open source software, and thanks to open standards, all building blocks are interchangeable.