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Wanted to give everyone an update on Multiverse, as well as a bird’s-eye view of my philosophy of Protocols, DAOs and Companies in the WEB3 ecosystem.
To understand where I’m going with this I need to clarify how I see the tech stack of the WEB3 ecosystem. On the first layer of the tech stack there is a security layer (a.k.a. a fat protocol), which, for this example, will be Ethereum. The second layer consists of protocols that create products which act as public utilities built on top of the security features offered by the first layer. These second layer (product creating) protocols are then controlled publicly by DAOs. On the third and final layer you’ll find the companies that create user-friendly services with the second layer protocol’s products as their building blocks.
People like to think of Crypto as a new sector of the economy and I disagree. I view it as new infrastructure and those products I was talking about above allow us to update the current world’s infrastructure with a faster, cheaper, more efficient, and publicly owned backbone of society.
We already have examples of companies being built on top of these decentralized WEB3 protocols. The most obvious one is Coinbase. Most would argue that Coinbase is an exchange business, but I disagree that this is their key business. They, at their heart, are a fiat-to-crypto on-ramp service, of course the exchange of fiat for crypto is part of this. It was the most obvious service a company could provide to a protocol when Bitcoin started. I see a future where we have millions of companies servicing these products that all the different protocols create and building new tools for the public to use and organize through.
Another angle that adds to the misunderstanding of how protocols governed by DAOs and companies are different is we don’t yet have names for the different kinds of DAOs that are out there. I think you could even argue that just basic multi-sigs are a kind of DAO, we even have DAOs that are now art collecting or trying to buy constitutions. Neither of these are protocol DAOs, but they all get lumped under the same umbrella. I think it would be smart as an industry to begin to classify DAOs by what they do and this continued fight to make DAOs, in the eyes of the law, like companies is a fallacy and fool’s errand in my opinion. Let companies company and DAOs DAO. This is a fascinating new area and when technology like this emerges it usually looks chaotic and then structure starts to evolve out of the chaos.
As you might have heard, we need to change Multiverse to Graviton for trademark reasons. And a lot of you have asked, “What is Graviton?”, or “Why Graviton?”.
In theories of quantum gravity, the graviton is the hypothetical quantum of gravity, an elementary particle that mediates the force of gravitational interaction. There is no complete quantum field theory of gravitons due to an outstanding mathematical problem with renormalization in general relativity.
– https://en.wikipedia.org/wiki/Graviton
Essentially, Graviton is the particle that holds the Universe together, which is fitting because our company is building on top of the Universe Protocol and other WEB3 protocols to provide services to the protocol products for artists to create and monetize content within the Metaverse.
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By: Troy Murray
nftnewstoday.com
