Highly comprehensive resource providing insight into how the “Metaverse,” and digital worlds in general, can be leveraged for business success
Unlocking the Metaverse focuses on the strategic implementation of processes and the execution of Metaverse strategies, technologies, and innovations and provides readers with real world tools and strategies to succeed with market demands. The text provides a clear and concise description of what the Metaverse is and what its value means to readers and their companies.
A continuous interaction with readers inside the book’s virtual world in the Metaverse provides both structured and unstructured interactions with the highly qualified author and his guests in periodic and ongoing public events, serving as a repository of continuous learning and a sandbox for continuous innovations to be explored, analyzed, and reported.
Unlocking the Metaverse covers sample topics such as: - Construction documents and drawings, covering building information modeling (BIM), digital twins, virtual worlds, the metaverse, and level of experience/engagement measures - Specifications changing role, covering specification manuals, lifecycle, 3D geolocation specs, and 3D search - Smart contracts and tokenomics, DLT/blockchain, smart contracts, NFTs/FTs (digital building/digital asset), fractionalized ownership and digital real estate, and CBDCs, stablecoins, and crypto - Future outlooks, covering machine learning and artificial intelligence (AI) as a whole, and its probable applications in gaming and robotics
Providing authoritative coverage of an important and fast-evolving industry, Unlocking the Metaverse is an essential resource for architects, engineers, and contractors, facility managers and operators, and property owners who want to stay on the cutting edge of new forms of technology and leverage them to increase business success.
Table of Contents
About the Author ix
Acknowledgments xi
List of Acronyms xiii
Introduction: How to Use This Book xv
Chapter 1: Definitions 1
Metaverse 1
Digital Twin 4
Virtual Worlds 6
Blockchain 7
Fungible Token (FT) 8
Non-fungible Token (NFT) 8
Smart Contracts 9
Tokenomics 11
GPT 11
Chapter 2: Digital Twins, Virtual Worlds, and the Metaverse 14
Digital Twins 14
Gaming 20
Monetization 22
Virtual Worlds 23
Reality Capture and Motion Capture 24
Chase Olson - Reality Capture 25
Avatars 30
Avatar Interface 31
Avatars as Metahumans/Humanoids (MoCap) 32
NPCs as Reference Oracles 32
Virtual Worlds in the Metaverse Examples 34
Cybersecurity and Safety 37
Metaverse 38
Industrial Metaverse 41
Chapter 3: Metaverse Mechanisms and Solutions 44
Blockchain 45
Workflows 46
Capital Asset Delivery Using Smart Contracts Workflow 46
Construction Documents as the Digital DNA of the Built Environment 47
Ethereum blockchain 47
Digital Twin 48
Geo Location and Workflow 48
Facility Management 49
Challenges 49
Governance in a Decentralized Digital Environment 51
Cybersecurity 51
Trust 52
Data 53
Avatars 53
Smart Contracts 53
Value Propositions 53
Increased Efficiency 54
Improved Data Collection and Analysis 54
Accurate and Trusted Facility Data and Information 54
Tokenomics 55
Woven Collisions: NFTs and the Metaverse 56
LOE 58
Real-Estate-Backed Digital Asset Securities 59
Web 3 60
AI 61
GPT 63
ChatGPT Model 65
Chapter 4: The Crystal Ball 67
Scarcity and Abundance 69
Edge Computing 70
Censorship 72
Thought Leader Interviews 73
Damon Hernandez - The Metaverse 73
Hugh Seaton - Data 86
Cody Nowak - Process 97
Arol Wolford - The Industry's Future 104
Conclusion 109
Index 113
