Understanding the Metaverse Economy with Jamie Burke - Step into the Metaverse Podcast: EP01
In this episode of The Step into the Metaverse Podcast, I had a chat with Jamie Burke, the Founder and CEO of Outlier Ventures, one of the most important incubators and accelerators in the Web3 space. Jamie provides an overview of bitcoin and blockchain and the ways that companies can aggressively push their businesses forward with emerging technologies. Burke is a pioneer in the blockchain industry.
As Europe's 1st Web 3.0 blockchain venture builder, he and his team have pushed forward on utilizing blockchain as a significant key to emerging trends (AI, Mixed Reality, IoT, and Autonomous Robotics) that will play key roles in multiple industries such as Industry 4.0, eGovt, Health, Mobility, and Smart Cities.
Jamie and I had a fascinating conversation about the open metaverse, something that Jamie is very vocal about. He says it’s important to understand that the beginnings of the Metaverse are already here, and we should not think of it as a far-off destination. He shares his deep insights based on his experience with the rise of Web 2.0, and how they relate to its successor and the growing digital asset space. We also discuss the economics of the metaverse, including metaverse finance or MetaFi, as well as the role of crypto and how brands can step into the metaverse. Enjoy the conversation!
Highlights
- What the metaverse really is (00:05)
- The key characteristics of an open metaverse (07:47)
- How the verifiability of identity and repetition can be built into the metaverse (15:29)
- Using crypto to bring the metaverse into reality (20:50)
- Demystifying token design…. (24:41)
- Why decentralization is needed and what verification will look like eventually (30:13)
- Embracing NFTs as key components of the metaverse (34:42)
- Are you looking to get into the metaverse? Here’s how (36:27)
Quotes
“The metaverse is a contact language between culture, the creative industries, finance, and tech to be able to agree upon a future that they do or they dont want” - Jamie Burke
“It’s important that we think of the metaverse as a process that’s happening now. We are experiencing the metaverse emerge” - Jamie Burke
“The metaverse doesn’t require VR to be affordable by everybody. It doesn’t require AR glasses to be on everyone’s heads. It’s really just the point where we begin to stop to distinguish between the physical and digital worlds” - Jamie Burke
“With NFTs, you can effectively have digital LPs again. It’s actually gonna restore many creative industries that have been decimated by the web and restore the value of creative output” - Jamie Burke
“The big thing that’s gonna be happening in DeFi over the next decade or certainly short to midterm is MetaFi, which is digital value in the metaverse that can become collateral in DeFi” - Jamie Burke
“If there is a central honeypot of data, or money, or whatever else, it will be hacked. You cannot secure it” - Jamie Burke
Learn More About Jamie in the Links Below:
- LinkedIn - https://www.linkedin.com/in/jamieburke
- Website - https://jamieburke.co.uk/
- Twitter - https://twitter.com/jamie247
If you are interested in learning more about the metaverse, you can order my book Step into the Metaverse here.
Dr Mark van Rijmenam
Dr. Mark van Rijmenam is a strategic futurist known as The Digital Speaker. He stands at the forefront of the digital age and lives and breathes cutting-edge technologies to inspire Fortune 500 companies and governments worldwide. As an optimistic dystopian, he has a deep understanding of AI, blockchain, the metaverse, and other emerging technologies, blending academic rigor with technological innovation.
His pioneering efforts include the world’s first TEDx Talk in VR in 2020. In 2023, he further pushed boundaries when he delivered a TEDx talk in Athens with his digital twin, delving into the complex interplay of AI and our perception of reality. In 2024, he launched a digital twin of himself, offering interactive, on-demand conversations via text, audio, or video in 29 languages, thereby bridging the gap between the digital and physical worlds – another world’s first.
Dr. Van Rijmenam is a prolific author and has written more than 1,200 articles and five books in his career. As a corporate educator, he is celebrated for his candid, independent, and balanced insights. He is also the founder of Futurwise, which focuses on elevating global knowledge on crucial topics like technology, healthcare, and climate change by providing high-quality, hyper-personalized, and easily digestible insights from trusted sources.
