In VR, Content Trumps Hardware

Here’s another gem from Howard’s interview with Vinny Lingham on Panic with Friends. When asked if anything outside of crypto excites him, Vinny says, “Virtual Reality”, and then adds he’s paying attention to two big macro events: What does VR do with things like NFTs and blockchain; what happens to centralized finance when decentralized finance takes over?

On the VR front, imagine Fortnite could launch a metaverse, or VR world. That would suck up at least 50 million users overnight. This “world” could be linked to crypto; some assets would be blockchain assets.

Within the VR space, Facebook seems to be leading with Oculus, but Vinny thinks the space will get commoditized very quickly with too many players in the hardware. Others can and will build better hardware, and even software.

The real play in the metaverse is content.

Fortnite owns a lot of content and has 200 million gamers worldwide. “I think content wins out. I don’t think it’s hardware…” says Vinny.

You might like Bitcoin: Tread Cautiously also featuring Vinny Lingham.

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