Kingsilver Metaverse
The World's Decentralised Financial District and Beyond (ideas)
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The World's Decentralised Financial District and Beyond (ideas)
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Facebook—now Meta—is betting the future of their company on the Metaverse. What would give Facebook's metaverse value, and therefore be a place people would want to spend time, is if all of your friends, and billions around the world, are in Facebook's Metaverse.
Regardless of how many Twitter rivals there are, there is still only one Twitter, simply because that is where all of the people are. The first Metaverse to attract a critical mass of people will likely dominate, simply because that's where everyone is and so where everyone wants to be.
For a Metaverse to truly thrive, there has to be a reason for users to want to spend time there. Like any space, like a city, there has to be a reason for its existence. A reason for people to 'live' there.
The most actively used metaverses right now are massive multiplayer online games, like World of Warcraft, Eve Online, Grand Theft Auto Online, etc, with huge expansive virtual worlds.
What makes them so popular is that these metaverses are where the games take place—users come to play the games. They come for the fun, and to share that fun with real people.
Take away the games, and no matter how beautiful, how immersive, how life-life, people will stop coming.
In real life, people typically come to a city for opportunity. They come for jobs. Or to start a business where there are customers. Or maybe they come to a city looking for love, or adventure, or status.
When the auto industry left Detroit, the city fell into ruin. Why? Because the auto industry was the backbone of the local economy—when the auto industry left, all the money left, and most of the talented, productive and ambitious people left in search of opportunity elsewhere.
If a metaverse is to succeed, then, it has to have intrinsic value. There has to be something there that draws people to it, and makes them want to stay.
While it will be difficult to compete with Facebook in building Ready Player One 'metaverse for all', there is room a type of metaverse that is entirely asymmetrical to Facebook's proposition; and that is a decentralised metaverse that isn't owned and controlled by a single company.
A truly decentralised metaverse is the 'promised land' of the crypto enthusiast, where not just tokenised value is decentralised and protected against centralised corruption, but reality itself too.
The most impressive architecture built by a civilisation reveals the values it holds highest. Egyptian pyramids where tributes to the glory of their Pharaohs (or possibly alien power stations?). There was a time when religious institutions held power, and the most impressive buildings where churches and cathedrals. Today, our most impressive feats of architecture are buildings for financial institutions and hotels, reflecting our modern value system where banks and financial institutions rule the world.
Centralised financial institutions gravitate towards certain locations (an entire domain of finance is literally called Wall Street) and the most successful, highest status companies and institutions are proud owners of the most central and impress real-estate in those financial districts.
Real-Estate within the financial districts of the world are some of the most expensive property in the world, precisely because they are located within the heart and soul of financial institutions generating the most wealth in the world.
DeFi represents an entirely new financial institution that, despite its growth, does not have a physical presence in the world. Kingsilver is building the Decentralised Financial District of the Metaverse, in a virtual city called the DeFi District, where the success of Fund owners and Investors will be reflected with prime locations and impressive real-estate.
DeFi District will begin life as an isometric 2D map accessible with a regular computer, and in the future will evolve into a fully immersive 3D world accessible with a VR headset.
The world grows outwards from the genesis land plot where the Kingsilver Republic DAO government buildings, the Kingsilver Mint, the Kingsilver Academy (the education arm of Kingsilver), etc, will reside, and so the earlier a Fund is created, the more central their location will be. The larger the account that fund is managing, the more impressive the building on their plot of land.
NSFT owners will have access to those buildings, and depending on the size of their investment, or perhaps how long they have owned the NFST, will likely get access to otherwise restricted rooms or floors.
Fund owners will be free to customise their building, and the rooms within it, according to a theme decided upon by the Kingsilver Republic DAO. Funds could, for example, display the assets that they are stewarding… if they are an NFT trading fund then their building could have an NFT gallery that displayed all of the NFTs they are holding, and venture capital funds could showcase and promote their portfolio companies.
Fund owners, NFST owners, and Kingsilver holders, will also all have their status reflected within Themisia by owning 'apartments' within skyscrapers with locations across DeFi District, some more central than others, and also manor houses and mansions.
One day someone may own a centrally located manor in DeFi District that is worth millions of dollars.
Dynamic Weather
A bit of fun - the weather in DeFi District will correlate with the rising or falling value of $ASLN (and/or Kingsilver?). In bull cycles the weather in DeFi District will be beautifully sunny, in bear cycles the weather will be rainy, or even stormy if the price has dropped dramatically.
