Building a Responsible Metaverse Governance Digital Assets Interoperability Device/OS User Base Players require at least 3 Axies (in-game Key Takeaway characters) to play. Axies are NFTs that can be bought and sold on NFT • ~400,000 daily active users as of November 2022, Decentralized marketplaces. Players earn Small Love Not interoperable Windows, Mac, down from ~2 million in November 2021 (Ronin – Ethereum-linked Potions (SLP), a type of in-game token, with other platforms. iOS, Android • ~40% of players came from Philippines as of 2022. sidechain) when completing a level. They can use Venezuela came in second. SLPs for breeding Axies and leveling up their creatures. Additionally, AXS is the game’s governance token. Device, platform and application MANA is the cryptocurrency that enables companies should prioritize creating Decentralized purchases of goods and services in-world, Not interoperable Web-based access only • 56,000 monthly active users the best user experience possible by (Ethereum) including LAND and ESTATE tokens. MANA with other platforms. for now (Windows, Mac) • ~7000 monthly unique wallets can be earned and bought on any crypto coming together to enable coherent exchange (i.e., Kraken, Coinbase). metaverse experiences across both V-bucks can be bought using fiat Not interoperable Android, Windows, Mac, PlayStation, • 400+ million registered users as of 2021 closed and open virtual worlds. Centralized currency. Used for purchasing with other platforms. Xbox, Nintendo Switch. Given the • 83+ million monthly active players as of 2021 avatar wearables, pickaxes, emotes, lawsuit between Apple and Epic, • ~60% of users are between the ages of 18 and 24 Battle Passes and more. Fornite is not available on Mac or iOS. • ~90% of users are male In the meantime, companies seeking In-world purchases can be made Not interoperable Requires Oculus headset. • 200,000 users as of Oct. 2022 to leverage the metaverse should Centralized through the Oculus Rift Store, with other platforms Mobile, PC, and web-based (a drop from 300,000 users in Feb) which currently only supports versions forthcoming • 10,000 unique worlds exist evaluate and plan for different select fiat currencies. • Targeted at users 18+ scenarios, understanding what is Mine coins can be bought using interoperable today and how the fiat currency. Used to purchase Not interoperable Windows, Mac, • 141 million monthly users in 2022, of which 112 million are active landscape might change in the near- Centralized skins and mods (i.e. modifications; with other platforms iOS, Android • The average player is a 24-year-old male modding allows users to create new • Most servers stem from North America and Europe to medium- term future. blocks, tools, etc.) • 55+ million daily active users Companies should invest in Robux can be earned or purchased • 200+ million monthly users Centralized using fiat currency. Used to buy Not interoperable Windows, Mac, • ~80% of users are under the age of 16 innovations such as a universal digital games and in-world goods with other platforms iOS, Android • Balanced gender split: 51% male, 44% female • Users in Europe, North America, and Asia have the most active wallet infrastructure to allow people to users (in that order). tokenize identities, money and objects, Decentralized SAND cryptocurrency used Not interoperable Windows, Mac, • 39,000 daily active users (Ethereum) to support transactions and with other platforms iOS, Android • 200,000 monthly active users and use them across digital worlds, engage in play-to-earn. • 4.1 million wallets • 90+ experience enabling much greater interoperability. Achieving this level of interoperability Linden dollar (L$) is used to buy will take significant time, coordination and sell virtual goods, property, Not interoperable Windows, Mac. Not • 70 million registered accounts Centralized and services. LindeX is the platform with other platforms available for mobile. • Daily average of ~200,000 users exchange for trading L$s to USD$ • In-game economic worth ~ $500 million since inception and financial resources. and vice versa. Decentralized UPX is the in-world currency that enables Not interoperable with other Web-based access only • ~140K unique active wallets as of November 2022 (EOS chain; delegated users to mint properties, purchase items, platforms – they are working for now (Windows, Mac) • ~52 million 90-day average daily UPX transaction volume proof of stake) and trade on the marketplace. with Gala Games to enable NFT interoperability. Figure 3: Selection of consumer metaverse platforms 14