Busting the constraints of the metaverse economy with on- and off-platform currencies

“I believe the economy of the metaverse has been constrained by the companies, the players, the users of this environment,” said John Burris, chief strategy officer and chief blockchain officer at Together Labs, during his presentation, “The Economy of the Metaverse,” part of GamesBeat’s Into the Metaverse event.

The first issue is that a majority of platforms are closed or walled economies, he said. The proprietary credit systems developers put into the marketplace that users spend money on to purchase, whether they’re credits, roebucks, or vbucks, can’t leave the platform. They don’t have any real value off the platform. And through that process, developers have constrained the larger economy — but there is an opportunity here to unleash it.