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Metaverse ‘Father’ Neal Stephenson is launching the Metaverse blockchain.

June 9, 2022

Metaverse ‘Father’ Neal Stephenson is launching the Metaverse blockchain.

June 9, 2022

Author Neal Stephenson, who coined the term “Metaverse” 30 years ago, announced that he will launch a Metaverse-focused blockchain project called LAMINA1.


Stephenson is a popular speculative fiction writer who developed the concept of a virtual reality world called Metaverse in his 1992 science fiction novel Snow Crash. The 62-year-old author also served as chief futurist of augmented reality (AR) firm called Magic from 2014 to 2020.

Stephenson’s 1992 novel depicts the Metaverse as a virtual urban environment accessed via a worldwide fiber optic network and VR headsets. While the concept of virtual real estate is also included in the book, there are themes of social inequalities, central control and constant advertising.

Metaverse
Metaverse


Stephenson and Vessenes have established a new layer-1 blockchain called LAMINA1, which they hope will act as the “base layer for the Open Metaverse,” according to the announcement by OG crypto investor and former Bitcoin Foundation chairman Peter Vessenes on June 8.


“It’s a place to build something a little closer to Neal’s vision – a place that provides a community to support its creators, technical and artistic, support, spatial computing technology, and those building the Metaverse,” said Vessenes, adding that the network will “probably” be carbon negative.


Specific details about the project are scarce at this stage, but Ethereum co-founder Joseph Lubin is a notable name on the project’s list of early investors.


Commenting on what the roles of the co-founders will be at LAMINA1, Vessenes said:
“Neal brings his vision, wisdom, experience, and some core goals: helping artists and other value creators get properly paid for their work, helping the environment, and seeing a true Open Metaverse being built rather than seeing the Metaverse vision embraced by the monopolies.”

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