Cryptocurrency, she believes, made that switch possible.
While VR tech itself has been around for decades, Bent posits that the metaverse gained traction as a concept last year because it offered one thing classic VR games like Second Life did not - the ability to transfer in-game currency to fiat currency. “I think what this era - the 20 era of the metaverse terminology - has shown is that it’s not about the headset, it’s not about what physical apparatus you use, it’s about the sense of collective being together, and presence,” she added. She’s since realized that what the metaverse has to offer has less to do with how users access it physically and more to do with the sense of community it can foster. Bent’s vision squares up with some of her non-crypto consumer investments at Lightspeed, such as small-group live education platform Outschool.īut what will the metaverse actually look like? When we asked Bent, who once worked for virtual reality technology company Upload, she said she used to think the metaverse had to be tied to VR technology, specifically the head-mounted display screen.
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She shared the hypothetical example of public school students being able to learn from the best instructors in the world in a metaverse similar to the movie “Ready Player One” - though without the dystopian elements, she qualified. But even more than entertainment, Bent is enthusiastic about the potential for the metaverse to have an impact through education. The prospect of attending an event with tens of thousands of other attendees across the world in the metaverse, for example, excites Bent. “If you think about the potential of it, and why maybe a geek like me gets excited about it, it’s because there are things you can do that you could not do in the real world.” “It’s become like a punching bag,” Bent told TechCrunch. Mercedes Bent, an investor at Lightspeed Venture Partners who focuses on consumer investments in crypto, joined us to unpack this loaded term and explain why she sees its potential. If you have any question or inquiries, you can contact our support team or send us an email located on our contact us page.On the Chain Reaction podcast this week, we dove into a topic that tends to stir up strong emotions, even from those outside the crypto space - the metaverse. Get the speed and reliability to game, stream, download, and do all the connected activities that are part of the landscape of daily digital life for less. Using high speed internet, we can connect with our love ones faster without having the problem of high cost internet.
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