Guy Who Invented the Word “Metaverse” Building His Own Metaverse

The science fiction icon who coined and popularized the term “metaverse” is pausing his literary career to build his own.

As revealed by Wired“Snow Crash” author and cyberpunk pioneer Neal Stephenson is working with a crypto bro to create an open metaverse platform that will, its creators hope, be a more decentralized version of the types of Big Tech metaverses like those run by Fortnite and Facebook.

“It’s like Neal is coming down out of the mountains like Gandalf, to restore the metaverse to an open, decentralized, and creative order,” said robotics and augmented reality entrepreneur Rony Abovitz, who is also acting as a strategic advisor to Lamina1, the company Stephenson is cofounding with Bitcoin Foundation head Peter Vessenes.

As Vessenes told Wiredhe was initially concerned that the science fiction titan was “Kardashian-ing,” or profiting from his own self-created hype.

“That’s potentially the first question,” the career Bitcoin evangelist said. β€œIs Neal selling his brand out to some fucking metaverse company?”

Once people speak with the Lamina1 pair, Vessenes claimed, “they conclude this is a principled effort” and then begin asking how they plan to do it. The answer to that subsequent question, it seems, will be figured out along the way.

“The economics are tied to adoption,” Vessenes said, without adding much more detail. “The more people use it, the more valuable it is.”

Execution might be a sticking point. Back in 2021, Stephenson raised a half million dollars to create an incredibly ambitious swordfighting game called “Clang,” complete with its own new motion capture hardware, but the project disintegrated the next year without delivering anything.

Now, Stephenson and co are describing a much more ambitious project, similar to the unified internet. In other words, it sounds way more ambitious than “Clang.”

Resources could be thin as well. Wired reports that the company currently only employs three engineers, though they intend to hire many more as they build out their tech.

Adding to the stakes, Stephenson says he doesn’t intend to take much of a break from writing novels: the cyberpunk king said that “when the calendar turns over to 2023, it’s going to be back to the usual.”

“My publisher will send a hit man after me if I don’t fulfill my obligations,” he told Wired.

READ MORE: Neal Stephenson Named the Metaverse. Now, He’s Building It [Wired]

More on the business side of the metaverse: Another Company Called Meta is Suing Facebook for Changing its Name to Meta

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