Our Vision for MetaPortal

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Today’s article is fairly unique in that we want to share our plans for MetaPortal going forward.

The Metaverse is becoming such an elaborate and far-reaching sector that we recently changed our relationship with the Index Coop to focus entirely on keeping up with the space. One can simply not stay on top of DeFi, Metaverse (tokens) and NFTs all at the same time. Going forward, we will continue managing the Metaverse Index (MVI) as part of the MetaPortal brand. We will also pursue various peripheral ideas we have to grow the MetaPortal brand into a credible and valuable actor in the metaverse ecosystem.

MetaPortal Vision and Beliefs

Our ultimate goal at MetaPortal is to contribute to the development of the open metaverse. While somewhat ambiguous, this goal gives us the freedom to pursue a broad range of projects and initiatives. We also realise that if we want to succeed, in a meaningful way, we need to build a passionate community that shares our vision, beliefs and principles.

"If you want to go fast, go alone; but if you want to go far, go together."

So what are some of the things we believe in?

We believe in playing infinite vs. finite games. Infinite games are played with the sole purpose of continuing the play. It’s not about winning or power or recognition, journey is all there is. We see the metaverse as a confluence of different technologies that will fundamentally change our society in ways we can’t even imagine. And while we didn’t get a chance to contribute to the development of the internet, the last society-altering innovation, we certainly want to be part of the journey into the metaverse.

We believe that the metaverse should be built on principles of openness and interoperability. It should reward users and put them in control while reducing the opportunities for value extraction by platforms. We view the metaverse as the ownership revolution and the ability to transfer ownership across games, chains and platforms is necessary to fully unlock its potential.

We believe in values of decentralisation. Decentralisation comes in many flavours. There’s decentralisation of ownership, of access, of opportunity and of governance, among other things. While projects will make trade-offs, given the long enough time horizon, we should all lean towards greater decentralisation.

Lastly, we believe in having fun while doing something meaningful. We didn’t leave our “old world” jobs to settle back into mediocrity. So our decision-making process places a lot of value on whether we will have a good time working with people and projects.

Funding the MetaPortal Community

We hope that these beliefs and principles will form the basis of the MetaPortal community. That’s not enough though. While many things can be done without the investment of capital, sometimes capital is required. To empower ourselves and our community, MetaPortal needs to generate revenue from its various activities.

Currently, MetaPortal has several sources of revenue. The Metaverse Index is bringing in revenue through the streaming fee, shared with Index Coop, and the methodologist bounty. We are running some ads for 1kx and their portfolio companies on our MetaPortal newsletter and podcast. We are also working with PrimeDAO on ratings of Metaverse projects, which adds another revenue stream. We are considering another index product, innovating on the traditional scholarship model, Gitcoin grants and some ideas on the infrastructure side, like operating a Gala Node, as additional sources of funding. Some of these initiatives are more advanced than others and we look forward to sharing more on this soon.

And, of course, we wouldn’t be in crypto if we weren’t thinking about a community token or an NFT as a means to raise funds and give away ownership of MetaPortal to the community.

Coming Up

Over the next several weeks, we plan on delivering on some of our Q4 goals. Specifically, we expect our website to go live by the end of the month. The website was our highest priority as it’s the platform from which we can share our research, podcasts, data and even display NFTs. In the future, we can explore adding web3 functionality to the site and all the associated possibilities. Given all the directions we want to expand MetaPortal, having a central hub to host everything is vital.

We will also be sharing more details on our partnership with PrimeDAO focused on rating Metaverse projects and releasing MetaPortal Metaverse categories. By combining project ratings with suggested categories we can begin to take control of our own destiny, as opposed to the tail wagging the dog with the current setup. We expect the ratings and the categories to be a big part of the Metaverse analytics dashboard we are working on.

And, finally, we have recently announced some angel investments and released the investment thesis that will guide our decisions going forward. We view these investments and hands-on involvement as a way we can further contribute to the development of the open metaverse.

We hope you join us on the infinite journey of building an open and intelligent Metaverse. While we don’t currently have a Discord, you can follow us on Twitter and subscribe to the newsletter. This way, when we inevitably launch our Discord server, you will be the first to know!