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“Data-Driven Thinking” is written by members of the media community and contains fresh ideas on the digital revolution in media. Today’s column is written by Nancy Smith, President and CEO of Analytic Partners. While Google’s delayed plan to end the third-party cookie gives advertisers a sense of relief, data deprecation will still continue. The Google… Continue reading »
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Comcast Weaving In Olympics Footage; Startups Are Attracting Athletes
Here’s today’s AdExchanger.com news round-up… Want it by email? Sign up here. The Olympic Edge During the Olympic Games, Comcast will interrupt its own commercials with near-live highlights and coverage, Variety reports, taking advantage of the fact it owns NBCUniversal and Olympic broadcast rights. “This makes the viewer feel like, ‘How did that just happen? I… Continue reading »
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Pandemic playlists: Songs (and podcasts) that got us through coronavirus lockdown
Now that the media and marketing industries are muddling their way out of lockdown, Digiday asked a bunch of execs to select either three music tracks or nominate a podcast that got them through those tough times. From tunes that provided the backdrop for kitchen discos during lockdown to podcasts that made sense of the tumultuous political climate, a playlist for the pandemic has emerged.
Can’t hold us – Macklemore & Ryan Lewis
Early on in lockdown, my husband and I decided to do a one-song dance party at the end of each day to shake off the intensity of the day. This one was a big favorite we kept coming back to, inspiring epic amounts of jumping around the living room – our poor neighbors!
Cola – CamelPhat and Elderbrook
I cycled on a turbo trainer in my living room nearly every day during the lockdown. This track has got a great driving beat and is also upbeat and fun. It put me in a great mood, motivating me to tackle those ‘COVID Kms’.
Cheap thrills – Sia
During COVID we’ve cooked most nights and we always put on a favorite playlist while whipping up some delicious Ottolenghi creation or another. This is a firm favorite, every night of the week.
Uniform – Bloc Party
I grew up listening to Bloc Party and Kele is one of the greatest lyricists of his generation. Uniform is about finding your identity as a young person in the highly commercialized and manufactured society, but a few lines related well to the lockdown and the current predicament many of us faced in this new normal without the usual distractions.
“We’re finding it hard to break the mould,
“We’re finding it hard to be alone,
“We’re finding it hard to have time by ourselves,
“We have nothing at all to say.”
Eugene – Arlo Parks
Arlo Parks is just an amazing talent, musician and poet, and won best new artist at the BRIT Awards. Eugene is a beautiful song. The general gist of the song is battling complicated feelings toward someone you’ve known for a long time, something I’m sure most of us can relate to.
“I know I’ve been a little bit off and that’s my mistake,
“I kind of fell half in love and you’re to blame,
“I guess I just forgot that we’ve been mates since day,
“Yeah, I don’t know what to say.”
Exits – Foals
The Foals need no introduction, all I’ll say is if you ever get the chance to see them live, just do it. Exits is about climate change, the negative impact we have on the planet and those who still deny it. Mid pandemic and lockdown and in the wake of the George Floyd murder the lyrics took on further meaning for me.
“I said I’m so sorry,”
“That the world has fallen down,”
“I wish I could do something more.”
Broken Sleep – Fickle Friends
This track has a super energetic beat and while the lyrics talk about the broken sleep we suffered from previous hot summers, the messaging resonated with me during lockdown as we all had things on our mind keeping us up at night.
Don’t Stop Me Now – Queen
This song is a pure energy giver! It reminds me of the good times, strolling to work or a meeting with this on full volume on my headphones, walking to the beat – something we’re slowly starting to get back to now. Without fail the song puts me in a great mood and raises my energy level.
Heart 80s
I’ve been binging on Heart 80s recently, the ’80s always make me feel happy. The tracks take me back to my youth and to simpler days, a complete halcyon era. Music has that ability to transport you with just a couple of lyrics and notes, so emotive.
Quarantine Speech – Lady Leshurr
A brilliant track that captures the anxiety and absurdity of the past 12 months with insight and wicked humor.
Merry Christmas Mr Lawrence – Ryuichi Sakamoto
It’s the most beautiful piece of music in the world, fragile spine-tingling and so catchy. In early lockdown when I was regularly dealing with those ‘holy shit how are we actually going to get through this?’ late-night moments, I would turn to this to sort my head out and it didn’t let me down. I also learned to play it badly on the piano which was a very useful distraction.
Podcast – Robin Hood Snacks
This is one of my favorite sources of business and brand inspiration. The two hosts approach it like stand-up comedians but the actual commercial and cultural analysis is sharp and incisive. It’s a great part of the Robin Hood ecosystem and really helps reinforce how their brand is making investing radically more accessible.
St Cloud – Waxahatchee
My number one pandemic anthem. The evocative opening line about watching New York City mutate from a subway window went right to my heart as someone who was displaced last spring.
Podcast, Listen to Sassy
I’ve been waiting for a deep dive into the magazine that defined my teen years and this delivers in a truly funny fashion. To other runners and cyclists who noticed me howling with laughter on Bedford Ave — I’m not crazy, I’m just listening to this podcast.
Lay My Love – Brian Eno and John Cale
Hey, holding-company presidents — you could buy another agency or you could spend those millions paying Beyoncé to sample this song and make the greatest track of all time. I’ll throw in a recommendation for Eno’s recently rereleased diaries as well, as he reminds creatives it is OK to take breaks. One day he’s in the studio with Bowie and the next he’s spending the day learning photoshop by manipulating butts.
Aston Martin Music – Rick Ross & Drake and Chrisette Michele:
This was a regular in our late-night kitchen discos when the kids were in bed.
The Whole Of The Moon – The Waterboys
This has always been a favorite of mine due to the positive energy and vibes the song gives off. My six-year-old son also started singing it during the lockdown.
We Don’t Dance – M24 and Stickz
I’m a massive grime fan and this was released mid-lockdown. There were also some funny meme videos inspired by the tune featuring Roy Keane.
Podcast: Made not born by leadership coach Alison Chadwick
Incredibly interesting and important conversations with legends in the creative industry giving their views on everything to do with leadership, from surrounding yourself with smart people to always being human first.
Podcast: Off Menu with Ed Gamble and James Acaster
A splendid take on the Desert Island Disc format, but adding some questionable dinner choices and hilarious table talk. Guaranteed belly laughs.
Song: Sister Sledge – Thinking of You (and any other funk/soul classics)
Because sometimes you just need to close the kitchen door, turn the volume up and have a really good boogie.
Where Love Lives – Alison Limerick
I got into running during the lockdown so I listened to playlists and mixes almost every day. The ‘United We Stream’ Hacienda live video steams were brilliant and really reminded me of lots of tracks that I hadn’t listened to for ages. I have to really stop myself from putting my arms in the air when I’m out running in Claygate [Surrey, England.]
Don’t Leave Me This Way – Thelma Houston
Probably my favorite track of all time. I listen to it all the time on the turbo trainer and when I’m out running. It’s so uplifting and powerful – you have to sing along. However bad your day has been – stick this on and it will lift your spirits.
Are You Ready For Love – Elton John:
I’ve come to admire Elton John late in life. I thought that the movie about his life was brilliant. I find this phase of his work to be underrated, but he knocked out some real disco-style gems with amazing chords, harmonies and vocals. I turn this track up loud and dance with my daughter to it in the kitchen. What’s better than that?”
I fall to pieces – Patsy Cline
At the beginning of this summer, we worked on a project for Spotify, during which we illustrated 15 posters of different musical genres they celebrate around the world. We’d meet up every day to discuss the work, and initiated this fun ritual where every week we’d ask a team member to post a music track into a collaborative playlist based on the genre of music they were working on. This was a great way to find out about music that most of us were unexposed to, and the ritual helped connect us as work partners, and expand our points of view musically.
A Nameless Person tries to Describe Herself – Museum of No Art
Before the pandemic my strongest connection to music came from visiting record stores, particularly in New York City. To fill that void during the pandemic I’ve followed record labels and stores on Instagram such as Seance Centre in Toronto. One record I bought from their label that I continually return to is “Museum Of No Art – S/T”. It’s the perfect blend of rhythms that have enough drama to elicit deep emotion, but vibey enough to zone out and work to. I listen to this record a lot while walking my dogs at night.
Be thankful (Discomix remix) – One Blood
I’ve gravitated to music that feels carefree and sunny this year, for obvious reasons. Every time I’d turn on the news or some sort of current events podcast, I would quickly spiral into a very heavy feeling. So, I found myself digging really light, airy, sunny, and vibey music. Particularly this lovely series of lovers rock represses from the “Emotional Rescue” label out of the U.K. They have a special knack for unearthing rare vibey lovers rock tracks with a U.K. bent, and you can’t help but release some pressure when you put on one of their epically long tunes.
Remain Silent (Superpitcher Remix) – The Phenomenal Handclap Band
I must have played this 1,000 times. A long, sprawling, evolving, beautiful record. Part dance music, but with an incessant brooding beat. Great before you go out, great to work to, to run to. Just excellent.
Voices Inside My Head – The Police
This was featured on Danny Tenaglia’s “Defected Selectors Playtlist” this year and until then I’d forgotten it existed. It has summery samba drums and wicked rhythm and that awesome sting voice which sounds like a sample but is just brilliantly repeating vocals. Haunting but upbeat.
Wildfires – Sault:
Maybe the band of the year, their last two albums are so eclectic and full of imagination. This song is quite gorgeous, her vocals make me want to cry, but the record inspires me too. What a sound.
War – Bob Marley
This track helped me through lockdown as it is one of my all-time favorites and the song’s message is particularly poignant and relevant right now – stop discriminating against each other and help each other out.
Uh Huh Oh Yeh – Paul Weller
The Paul Weller song ‘Uh Huh Oh Yeh’, which could have been one of many on the “Paul Weller” album, reminds me of fun, carefree times.
Connected – Stereo MC
This song takes me back to my childhood and reminds me of driving to school.
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‘It will be draining to build new routines’: Rusty interpersonal skills need addressing for office returns
This article is part of the Future of Work briefing, a weekly email with stories, interviews, trends and links about how work, workplaces and workforces are changing. Sign up here.
Employees’ soft skills didn’t disappear during lockdown, but they did lie dormant and will need dusting off and refreshing as people return to the office.
Core skills that help people progress at work and improve productivity, such as critical thinking, teamwork, presenting effectively and even demonstrating a clear work ethic could all need a boost.
Susy Roberts is founder of international people development consultancy Hunter Roberts, and she has identified problem-solving and fast thinking as two skills that will need attention.
“These both require high levels of cognitive and execution function,” she said. “Many soft skills have been drained by loneliness, long COVID and grief. Leaders will need to show high levels of empathy and accept that allowances will have to be made.”
She added that communicating and collaborating face-to-face will take a lot of getting used to. “The mental effort required to be around people when you are not used to it is quite exhausting.”
Associate insight director at U.S. and U.K.-based employee behavioral experts Canvas8, Helen Jambunathan, agreed that bosses must make allowances for those who will need extra help reconnecting and empathizing with others.
“‘Compassion fatigue’ which can result in a lack of empathy was mentioned a lot during the pandemic. It has not gone away completely — it’s just had to change shape. The return to real-life interactions will make empathizing with each other easier,” said Jambunathan.
She cited how soft skills around areas such as body language will need to be addressed as people move from a virtual-only world and start meeting clients and senior colleagues face-to-face again.
“This will be a key part of adjusting to in-person interaction,” she said. “On Zoom, we’ve been using purely verbal and facial cues, but when returning to the office, we suddenly have much more information to work with.”
Some believe that less reliance on body language was one reason video calls felt so jarring initially. “In-person meetings where you know that someone is looking at you and you are responding accordingly with your body will help people to read the room better.”
Heath Podvesker, general manager at New York-based marketing analytics company Adverity, has identified a few interpersonal skills that will need a boost. These include an ability to solve in-person conflicts and delivering face-to-face presentations.
“It will be draining to build new routines and adapt behaviors once again,” he said. “Team-building exercises will be important for repairing companies’ cultural and social fabric, while also providing valuable benefit to mental health.”
He urged employers to be flexible, patient and understanding. Adverity has shown its intention to support staff by investing in a wellness coach.
One mental health tool popular in the U.K. and part of the National Health Service’s apps library is called Companion. It was inspired by Cognitive Behavioral Therapy and aims to reduce work-related worries. It was co-founded by psychologist and behavioural expert Dr. Robin Hart, and he has some top tips as people return to the workplace.
These include remembering how much communication in the office is visual in terms of someone’s body language, accepting it might take time for in-office productivity to pick up, and even encouraging employees to adjust their sleep routine after 18 months as they embrace commuting again.
“When it comes to personal skills and habits, organizations should reflect on what they have learned as a business while working remotely and try to keep the things that work well,” he said. “For example, people might feel better if some meetings were held permanently online and they are given time at home to catch up on administration.”
Rusty social skills will also need to be refreshed as people deal with awkward questions around co-worker health, hygiene — and vaccinations. Newer workers who have never met their colleagues in person could lack confidence in their soft skills.
Communications agency Clarity has offices in the U.S., the UK and in the Netherlands and global head of people and culture Jody Johnson is confident that employees’ soft skills will come back naturally. Staff just need to be encouraged to bring their personalities as well as their professional insights back to the office.
“You need today’s office environment to allow each person to show up as their whole self,” she said. “This could be through presentations or small talk where people will be a bit rusty. You need a nurturing and inclusive workplace and culture.”
3 Questions with Jikku Venkat, CEO of infectious- disease management platform ReturnSafe
What are the core factors employers must consider when planning workforce returns?
Employers need to consider two important issues that are top of mind for employees returning to in-person work: flexibility and health and safety. When it comes the latter, the pandemic has brought health-related concerns to the forefront, especially the risk of infection in the workplace. So employers must consider two core factors when bringing employees back to work: most leaders will be dealing with a mixed immunity population, and poorly strategized in-person returns make workers especially vulnerable to the Delta variant. Most businesses aren’t mandating vaccines, which means that some teammates will be immunized, and others won’t. Because Delta has the potential to spread among unvaccinated populations, employers who aren’t requiring the vaccine will need to treat Delta as an active, ongoing threat in their workplace and plan accordingly. Without accepting these two factors, employers both put their employees at risk and create conditions for further closure or a return to isolated work environments.
What protocols should they follow to keep on top of health and safety in workplaces, with unvaccinated and vaccinated staff?
To combat the threats associated with mixed-immunity populations, the first thing employers need to do is log who has and has not received a vaccine. With this information in mind, employers can better monitor who needs to continue wearing masks and abide by social distancing protocols. Additionally, employers should consider implementing routine testing, contact tracing and quarantine measures. Testing is now widely available and inexpensive. It is a great way to stop silent spread across the organization. By keeping track of who comes in contact with whom, positive tests can result in fast, surgical quarantining to ensure that outbreaks don’t spread across an entire workplace.
What will be the biggest challenges in maintaining this?
These health safety strategies require the collection of a lot of information, which can be a challenge for organizations who don’t want to store employee health-related data. One way to handle this burden is to create a safety-specific role or partner with a secure outside organization. This option has a price tag, but the cost of planning ahead outweighs the potential loss of lives, business closure or return to remote work.
By the numbers:
- 48% of 1,010 employees surveyed, feel some level of anxiety when requesting time off, while employees with unlimited PTO feel the most out-of-office anxiety.
[Source of data: Skynova’s Out of Office Anxiety study.] - 51% of 996 millennial employees (in a total survey of 2391 respondents) are worried about future job prospects, but 63% of those would quit their jobs if employer values do not align with their own.
[Source of data: Atlassian’s Return on Action report.] - 69% of 275 executives polled said they expect overall travel budgets to be reduced to at least 75% of pre-pandemic levels in 2022.
[Source of data: Deloitte’s Return to the Workplace survey.]
What else we’ve covered
- With employee well-being top of mind for employers, many are incorporating fitness programs and studios into their offices as an additional perk and to encourage those who may not want to return.
- With remote working becoming a way of life, and the acceptance of communicating over online communication tools such as Slack and Zoom, working from overseas is set to become even more popular, and no longer confined to digital nomads traveling for months on end.
- While TikTok Resumes has been embraced by many candidates and businesses as a useful recruitment tool, the pilot has caused some HR execs to worry that it will inadvertently inflame unconscious bias.
- There is nothing more emotive than a favorite song or album, and they can get us through both happy and tough times. We asked executives from the ad industry which three tracks helped buoy them through difficult moments during lockdowns.
This email briefing is edited by Jessica Davies, managing editor, Future of Work.
The post ‘It will be draining to build new routines’: Rusty interpersonal skills need addressing for office returns appeared first on Digiday.
Digiday Research: In the race to comply with digital privacy laws, few sites are making it easy for visitors to opt out of data collection
Both brands and media companies are in the early innings of preparing for immense changes in how they approach the privacy of their site visitors.
But in most of the U.S., it’s barely apparent that the game has started, according to new Digiday Research. Just a little more than 10% of the sites owned by the largest media companies are giving most American internet users an opportunity to manage what kinds of data those sites can collect and use.
Using a desktop computer located in New York State, Digiday visited sites belonging to the media properties in the Comscore 50. It omitted sites which require a log-in to be used effectively, such as Facebook or LinkedIn. In cases of entities that own or manage ad inventory for large numbers of properties, such as Mediavine or CafeMedia, Digiday examined their largest sites by traffic. The data was collected in July 2021.
The data is not representative of the experience that every American internet user will have. A number of different U.S. states, including California, Maine and Washington, have already passed their own digital consumer privacy laws, and several more state legislatures are considering their own. By 2023, about two thirds of the U.S. population will be covered by a patchwork of different state privacy laws.
Yet even with those changes looming, you wouldn’t know it from looking at top sites.
That picture contrasts with what those same sites are doing in Europe, where regulations require site owners to operate differently; when Digiday used a virtual private network to visit the same sites using an IP address located in the United Kingdom, most all of the sites Digiday examined had a privacy notice and popup.
Yet those sites don’t make it easy to opt out of tracking. Just 11% of the sites Digiday examined offered visitors a one-click way to opt out of tracking. More than 60% of them had policies of implied consent, meaning that site users who did not configure their privacy settings or explicitly opt out were automatically giving the sites permission to continue gathering data on them.
The site visitors who were savvy enough to engage with the sites’ consent management tools weren’t given an easy path to opting out either. Just 15% of the sites immediately gave people an opportunity to opt out after choosing to “manage” their settings.
The post Digiday Research: In the race to comply with digital privacy laws, few sites are making it easy for visitors to opt out of data collection appeared first on Digiday.
Agencies, market thyselves! How independent shops are taking different routes to advertise their superpowers
Do agencies suffer from a case of “physician, heal thyself”? Though their principal job is to create, plan and then place ads for their clients, rare is the agency that actually runs ads to promote their own capabilities and talent.
That’s quietly changing for a number of reasons, including more opportunities for agencies to market themselves that are low in cost, but highly effective. For example, every agency contacted by Digiday for this story cited LinkedIn as an outlet for outreach. But there’s also more competition out there, feeding a need to raise one’s visibility. And since the pandemic forced everyone to work from home, the big shops’ ability to tout lavish conference rooms and massive resources was sidelined, since everyone looks pretty much the same on Zoom.
“All the trappings of big agencies have gone away” in the pandemic, said Wil Boudreau, who runs his own agency/consultancy, Boudreau Advertising. “That’s an opportunity for me. It’s a classic marketing jiu jitsu move to turn a weakness into a strength.”
To market themselves over the last 18 months, agencies have advertised on digital banners on LinkedIn, Facebook and other social platforms, promoted their executives via sponsorship and speaking opportunities at industry events, executed paid search campaigns, placed thought leadership pieces in publications and outlets, bought trade ad campaigns — and even launched their own podcasts.
Milwaukee-based full-service shop Hanson Dodge applies the same rigor to its advertising that it would for any client, said its president Stacie Boney. “We have our own media in-house so we could handle everything: media, creative, production, etc.,” said Boney. “We also used some of the capacity we had during the downturn — we took the PPP loan and didn’t let anyone go. And the shoemaker’s children finally got some shoes.”
John Harris, president and CEO of Worldwide Partners, a global network of independent agencies, agreed with that approach. “Those agencies marketing effectively treat themselves as a client,” he said. Harris noted four steps to take: 1. Define your value proposition 2. Define your target audience 3. Develop your marketing plan and 4. Deliver on the customer experience you’re selling.
Harris also believes now is the time for independent agencies to get serious about advertising themselves, because he senses an opportunity against what he sees as cookie-cutter execution among major agencies. “Clients are turning more toward independents and away from holding company agencies because we’re more agile,” he said.
Dan Eisenberg, senior vp of marketing and business development at digital/shopper marketing/creative independent Blue Chip, described an effort that went heavily into thought leadership through paid partnerships with the ANA and the Path to Purchase Institute. Just last week, minutes after two of Eisenberg’s colleagues presented at the ANA Digital and Social Media conference, he said a major consumer packaged goods prospect in the audience reached out to set an informational meeting. “Forty percent of our new-business opportunities are inbound requests, many of which saw our marketing,” he said.
Besides discovering the value of interconnectedness on LinkedIn, Boudreau also launched his own podcast, The Many Meanderings of the First Gen X Man, which blends his own personal experiences with stories from his advertising career, including making a pizza ad with Donald Trump many years ago.
“As a creative and a storyteller, it’s a stealth way of promoting my abilities,” said Boudreau. “When you start up an agency such as mine, you need news, but I don’t have a steady flow of it. This lets me have effectively news about me come out that I’m generating myself.”
The post Agencies, market thyselves! How independent shops are taking different routes to advertise their superpowers appeared first on Digiday.
WTF is the Metaverse?
The successor to the internet might be rooted in the gaming industry.
The term “Metaverse” was coined by science fiction writer Neal Stephenson in his 1992 novel “Snow Crash.” In “Snow Crash,” the Metaverse is a massively popular virtual world experienced in the first person by users equipped with augmented reality technology.
Over the past year, executives and creatives in the gaming and tech industries have breathed new life into the Metaverse concept, framing massively multiplayer games such as “Fortnite: Battle Royale,” “Roblox” and “Minecraft” as precursors to an expansive digital world that combines Stephenson’s fictional Metaverse with a real world that has become increasingly digitized during the COVID-19 pandemic.
In an interview with The Verge last week, Mark Zuckerberg turned heads by opining that Facebook would transition from being a social media company to “a Metaverse company” within the next five years.
“It’s probably fair to say that what we have today is not quite the Metaverse yet,” said Moritz Baier-Lentz, a partner at Metaverse-minded venture capital fund BITKRAFT Ventures. “But when you ask people to describe the Metaverse, most would converge on something that is the stuff of ‘Ready Player One’: a persistent bridge between the physical and digital worlds with unprecedented scale, interactivity and interoperability.”
With so many different interpretations of the Metaverse going around, here’s a primer on what it is in its purest form — and why it has everyone excited, from Roblox to AB InBev.
What is the Metaverse?
The Metaverse is a “successor state” to the modern internet, with all the same content but fewer limitations as to where and how that content can be accessed. Current online platforms allow users to move about somewhat freely within the confines of specific services, but limit interoperability between platforms: you can build anything in “Minecraft,” but you can’t transfer your creations into a “Fortnite” map. The Metaverse will allow users to generate their own content and distribute it freely throughout a widely accessible digital world.
Unlike the modern internet, Metaverse users will experience changes in real-time by all users. If a user makes any kind of change to the Metaverse, that change will be permanent and immediately visible to everyone else. The persistence and interoperability of the Metaverse will afford users increased continuity of identity and experience compared to the modern internet. In the Metaverse, users won’t need to have separate Twitter profiles, “Fortnite” characters and Reddit accounts — they’ll simply be themselves across all channels. This continuity of identity will be a core factor behind how users purchase and consume content in the Metaverse.
“The brands that are progressive in this area are the ones that understand the fact that self-expression is such an important component of why people spend so much time online,” said Christina Wootton, vp of brand partnerships at Roblox. “They can be who they want to be.”
Why are video games viewed as precursors to the Metaverse?
Video games such as “Fortnite” and “Roblox” showcase a kind of cultural interoperability that would be widespread in the Metaverse. For example, in a single game, players dressed up as Lebron James can battle against others using the guise of comic book characters like Deadpool or the Joker. Furthermore, the multiplayer experience of these games suggests the real-time continuity of experience offered by the Metaverse. Last year’s “Fortnite” Travis Scott concert allowed over 12 million players across the world to attend the same concert in real-time, though they were limited to interacting with up to only 49 other users in any given “room” of the experience. This successful event sparked a trend in “Fortnite” and, thus, the Metaverse. Last month, marketers took the concept a step further by recreating London’s O2 Arena in-game ahead of a concert featuring British band easy life.
How close are we to a true Metaverse?
There are still quite a few hurdles on the pathway toward a bona fide Metaverse. The biggest roadblocks are hardware limitations: at the moment, worldwide networking and computing capabilities are not yet capable of supporting a persistent digital world that can be experienced in real-time by millions of concurrent users. Even if this level of networking and computing power was available, the energy consumption of such an endeavor would create problems for both national power grids and the environment.
In cases where the technology is sufficient, broad cultural changes are necessary to spur the development of a true Metaverse. Relatively high-quality virtual reality and augmented reality technologies are already available to consumers, but less than 20 percent of Americans have taken VR headsets for a whirl, according to a 2020 report by Thrive Analytics and ARtillery Intelligence.
Though that’s likely to change: Baier-Lentz predicted VR and AR head-mounted devices have “a good shot” at surpassing gaming consoles as early as 2025.
Aside from technological limitations, what is the biggest challenge to the Metaverse?
Interoperability. Right now, even so-called Metaverse precursors such as “Fortnite” do not allow players to recreate their own user-generated content (UGC) on other platforms. To allow for true interoperability between platforms, the corporations that own these platforms must relinquish some control over their player bases’ content and user experience. This process is already underway. Sony, a notorious holdout against cross-platform play, recently moved to allow PlayStation users to more frequently interact with players on other consoles.
Shahar Sorek, CMO of Overwolf, an all-in-one UGC platform, believes that this relinquishing of control is inevitable because UGC (as opposed to developer-created content) is rapidly becoming a central aspect of the modern gaming experience. “Unlike the banks or any other centralized system, there is an experience that is shared with a community, and how the community reacts to that experience is at the core of what drives engagement,” Sorek said. “So a game maker, if they see their community is all about creating content, they have to change, because they understand that if they don’t, a competitor will come along.”
Why is blockchain technology important for the Metaverse?
“I’m hopeful that the future, as we lay it out, will be one that is truly decentralized and in the hands of the users as its citizens,” Baier-Lentz said. “By far the best, and maybe the only solution that we have for something like that today is blockchain technology and applications built on the Web3.”
Without the oversight of a Metaversal government or other regulatory body, blockchain technology would ensure that transactions and identities in the Metaverse are safe and public. Furthermore, non-fungible tokens (NFTs) would allow users in the Metaverse to own unique and bespoke items, much like in the real world, and cryptocurrencies provide a roadmap for how a Metaversal economy might take shape. The creation of this Metaversal economy is already underway: some companies, such as AB InBev, have already begun auctioning off limited-edition branded NFTs for hundreds of thousands of dollars.
According to Sorek, the currency of the Metaverse will likely be something between modern cryptocurrencies such as Bitcoin and Ethereum and the V-Bucks of “Fortnite.” “Perhaps each game maker would offer a token that you buy just like V-Bucks,” Sorek said. “They would have their own exchange, and you could cash out from one to the other.”
Is the Metaverse inevitable?
Probably, though its future users might simply know it as the internet. At no point will a flip be switched to turn on the Metaverse — rather, the Metaverse will come about gradually, as cultural changes and technological upgrades give internet users the ability to move increasingly freely and more easily create and share bespoke content on the web. Just as no formal change marked the transition from Web 1.0 to Web 2.0, the development of the Metaverse will occur naturally as people spend more time online and tie more of their identities to their digital lives.
Though “Fortnite” and “Roblox” are often described as precursors to the Metaverse, the most significant precursor to the Metaverse is the internet itself. But if the internet is a video tour of the apartment, giving brief glimpses into each room in a defined sequence, the Metaverse would be the apartment itself. We might not be living there yet, but we’ve already signed the lease.
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