Why Wall Street thinks the metaverse will be worth trillions — from fortune.com by Bernhard Warner; resource from Ori Inbar on Twitter
Also from Ori Inbar:
From DSC:
One of my sisters is a Professor of Psychology and she highly recommended that I check out the work of Dr. Bruce D. Perry. Below is an example video that was recorded on October 25, 2014 as part of the 25th Anniversary Chicago Humanities Festival, Journeys. I included some excerpted slides in this posting to give you a flavor of portions of this talk.
Description (emphasis DSC):
Each of us takes the same journey from birth to consciousness—but none of us recalls it. This early stage of life is crucial; Sigmund Freud famously obsessed over it, as do millions of parents every day. What goes on cognitively during that time, and what can parents—and other adults—do to further promote infant well-being? Join renowned psychiatrist Bruce D. Perry, recipient of the 2014 Dolores Kohl Education Prize, for this discussion of early-childhood brain development and its long-term importance.
Social & Emotional Development in Early Childhood [CC]
From DSC:
As the article below clearly relays, MOOCs did NOT fail! In the last decade, they have reached 220 million learners worldwide!
I don’t know the total number of graduates from the Ivy League — throughout all of the relevant institutions’ histories — but I would bet you that MOOCs have reached far more learners. And MOOCs did so in less than a decade.
And you’re going to tell me MOOCs have been a failure?!!!! Are you being serious!?!?! You can talk about completion rates all that you want to (and that misses the point, as some people sign up for MOOCs without ever intending to finish the entire course). As with other things, people get out of something what they put into that thing.
A Decade of MOOCs: A Review of Stats and Trends for Large-Scale Online Courses in 2021 — from edsurge.com by Dhawal Shah
Excerpts:
Now, a decade later, MOOCs have reached 220 million learners, excluding China where we don’t have as reliable data, . In 2021, providers launched over 3,100 courses and 500 microcredentials.
…
Originally, MOOC providers relied on universities to create courses. But that dependence is declining as more and more of the courses are created by companies every year. These corporate partners in course creation include tech giants Google, Microsoft, Amazon and Facebook.
…the majority of the new courses launched on Coursera in 2021 are not from universities anymore.
…
These mass online courses were born without a business model. Yet within a decade, MOOCs went from no revenue to bringing in well over a half a billion dollars annually.
Web 3.0 vs Metaverse: What’s the difference? — from homo-digitalis.net by Fabian Schmidt
Excerpt:
So what is Web 3.0?
On Twitter, a user asked if someone could explain the term in baby talk. I thought one answer was good:
This is a sufficient simplification to gain an initial understanding. Yet a bit more information is still important.
Let’s get one thing straight right away. As with all things in the making, there is not yet a clear-cut definition of Web 3.0. Tim Berners-Lee, the inventor of the classic web, thinks of the semantic web as the next big step.
…
Since 2020/2021, there is another idea of Web3, and it is inspired by a new form of technology: Blockchains. At its core is a new wave of decentralization.
Besides decentralization, other key topics related to Web 3.0 include Decentralized Autonomous Organizations (DAO), Non-fungible-tokens (NFT), and Decentralized Finance (DeFi).
The metaverse is a digital world that is meant to feel as real as possible and can represent all concerns of human existence. From leisure to work.
Fabian Schmidt, Homo Digitalis, 2021
Bill Gates: Most Work Meetings Will Happen In The Metaverse In 3 Years — from vrscout.com by Kyle Melnick
Excerpt:
“Within the next two or three years, I predict most virtual meetings will move from 2D camera image grids—which I call the Hollywood Squares model, although I know that probably dates me—to the metaverse, a 3D space with digital avatars,” said Gates in the post. “Both Facebook and Microsoft recently unveiled their visions for this, which gave most people their first view of what it will look like”.
Adidas to enter the metaverse with first NFT products — from dezeen.com by Rima Sabina Aouf
Excerpt:
Adidas has announced its next collection will be a mix of digital and physical items, and will be sold as NFTs produced with collaborators such as Bored Ape Yacht Club.
Titled Into the Metaverse, the collection will comprise virtual wearables that buyers can use in online platforms, but also the physical clothing to match.
It is Adidas’ first collection of NFTs, or non-fungible tokens – essentially, digital collectibles with proven authenticity. NFTs act as a blockchain-based certificate of ownership, allowing pieces to be authenticated, bought and collected.
How Coinbase thinks about the Metaverse — from blog.coinbase.com by Brian Armstrong & Alex Reeve
Excerpt:
Primitive Metaverse platforms are selling virtual land for millions of dollars. Billions more are being invested in Metaverse startups. And Mark Zuckerberg recently renamed his entire company to reflect a focus on building the Metaverse.
…
Recently, our team put together an internal presentation about the Metaverse, who’s working on it, and how crypto will help make it real. I thought the presentation was well done, so I’m sharing most of the slides here.
…
Like Matt[hew Ball], we define the Metaverse as:
The future of the internet: A massively-scaled, persistent, interactive, and interoperable real-time platform comprised of interconnected virtual worlds where people can socialize, work, transact, play, and create.
…
The Metaverse is the distant evolution of Web3. In its most complete form, it will be a series of decentralized, interconnected virtual worlds with a fully functioning economy where people can do just about anything they can do in the physical world.
BLOCKCHAIN INNOVATION CHALLENGE — from the American Council on Education (ACE)
About the Challenge
The challenge sought technology-enabled solutions that reoriented the education and employment ecosystem around the individuals that they aim to serve. It invited teams to articulate a vision and design pilots that addressed an ecosystem-first designed approach driving interoperability, social mobility, and learner control expanding on these essential themes:
The four winners of the Blockchain Innovation Challenge were…
Why Aren’t Professors Taught to Teach? — from techlearning.com by Erik Ofgang
Professors are experts in their subject matters but many have limited training in actually teaching their students.
Excerpt:
“A lot of faculty are just modeling their instruction after the instruction they’ve received as an undergraduate or graduate student,” says Tanya Joosten, senior scientist and director of digital learning at University of Wisconsin-Milwaukee and the lead of the National Research Center for Distance Education and Technological Advancements.
As a perpetually short-on-time adjunct professor, I understand those who worry about mandatory training and required course reviews, but Pelletier stresses that she’s advocating for a more organic shift and that a top-down approach isn’t best. “That’s not as collaborative and generative as really just embracing that we have these two different kinds of experts, one type of expert is an expert in their subject, and the other expert is an expert in teaching and learning,” she says. More attention is needed to meld these two kinds of expertise.
From DSC:
It’s not just that colleges and universities are big business — if you have any remaining doubts about that perspective, take a moment to look at this new, interactive database to see what I mean. But it’s also that this type of business often rewards research, not teaching. And yet the students over the last several decades have continued to pay ever-increasing prices for skilled researchers, instead of increasingly skilled teachers.
Would people put up with this with other types of purchases? I don’t think so. I wouldn’t want to…would you? Would we like to pay for something that we aren’t getting — like paying for all the extra options on a new car, but not getting them?
What goes around, comes around.
But by allowing this to have occurred, a backlash against the value of higher education has been building for years now. In many learners’ minds, they are questioning whether it’s worth taking on (potentially) decades’ worth of debt. At a minimum, the higher the price of obtaining degrees and/or other credentials becomes, the less Return on Investment (ROI) is realized by the learners (i.e., the purchasers of these goods and services). So while getting a degree is often still worth it, the ROI is going down. And this doesn’t address how relevant/up-to-date the educations are that these learners are receiving, which the employers out there will take issue with.
From an Instructional Designer’s perspective, it isn’t just time that’s the issue here. There continues to exist a tiered hierarchy within higher education. Faculty see themselves as more knowledgeable because they are teaching and because they are the Subject Matter Experts (SMEs). But they are not expert teachers. Many full-time faculty members don’t listen to people who are knowledgeable in the learning science world, and they often don’t value that expertise. (This can be true of administrators as well.) But when a fellow faculty member (i.e., their “true peer” from their perspective) suggests the same idea that Instructional Designers have been recommending for years, they suddenly open their eyes and ears to see and hear this seemingly new, wonderful approach.
Some possible scenarios
Thus, a wave has been building against traditional institutions of higher education — readers of this blog will have picked up on this years ago. Once alternatives significantly hit the radar — ones that get the learners solid, good-paying jobs — there could be a mass exodus out of what we think of as traditional higher education. At least that’s one potential scenario.
For example, if a next-generation learning platform comes along that offers teams and individuals the ability to deliver lifelong learning at 50% or more off the price of an average degree, then be on the lookout for massive change. If professors and/or teams of specialists — those who are skilled in instructional design and teaching — can go directly to their learners — it could be an interesting world indeed. (Outschool is like this, by the way.) In that scenario, below are two potential methods of providing what accreditation agencies used to provide:
Other possible scenarios
Another scenario is that traditional institutions of higher education really kick their innovation efforts into high gear. They reward teaching. They develop less expensive methods of obtaining degrees. They truly begin delivering more cost-effective means of obtaining lifelong learning and development “channels” for educating people.
And there are other possible scenarios, some of which I could think of and many I would likely miss. But to even ask the solid and highly-relevant question as plainly stated in the article above — Why Aren’t Professors Taught to Teach? — that is something that must be dealt with. Those organizations that use a team-based approach are likely to be able to better answer and address that question.
Also see Matthew Ball’s Metaverse Primer (excerpt below from this page) — with thanks to Annie Zhang for this resource:
“The Metaverse is a massively scaled and interoperable network of real-time rendered 3D virtual worlds which can be experienced synchronously and persistently by an effectively unlimited number of users with an individual sense of presence, and with continuity of data, such as identity, history, entitlements, objects, communications, and payments.”
Jacob Navok: Computing and Network Needs of the Metaverse — from hellometaverse.fm by Annie Zhang
Excerpt:
to progress towards this vision of the metaverse, jacob is focused on tackling the hard problem of improving concurrency. how do you get millions of people to concurrently be participating and interacting in one live experience with no lag?
he breaks this down the problem into two components:
limitations of the traditional network to handle multiplayer experiences: coordinating, say, positional data of where you and all the other players in a game, gets very complicated, especially when latency needs to be low. meaning, if you want to see everything that everyone is doing at all times, coordinating the traffic of that data is very difficult
with more connection, internet speed slows: the internet was not built for true real time communication, but rather optimized for cost and routing efficiency. when you load a fb page, it’s okay if it takes 10 milliseconds, but when you are in a shooting game, a delay of 10 milliseconds is a matter of life or death
Everything You Need To Know About The Metaverse — from protocol.com by Janko Roettgers
Excerpt:
Silicon Valley has a new favorite buzzword: Ever since Mark Zuckerberg announced earlier this year that Facebook’s future would be in the metaverse, everyone has been rushing to figure out what a metaverse even is. And when Facebook rebranded as Meta in October, metaverse fever swept the tech industry. From Microsoft to Nvidia, every company is suddenly in the metaverse business, and seemingly overnight, countless people became metaverse experts.
But what actually is the metaverse? Why does it matter, and who needs to worry about it? If the metaverse is truly “the next chapter for the internet,” as Zuckerberg put it, it’s important to understand and define it so as not to be caught flat-footed when (or if) the metaverse wave catches on.
College costs have increased by 169% since 1980—but pay for young workers is up by just 19%: Georgetown report — from cnbc.com by Abigail Johnson Hess
Excerpt:
The report, titled “If Not Now, When? The Urgent Need for an All-One-System Approach to Youth Policy,” breaks down seven trends that have made it difficult for workers to transition from education to the workforce since 1980.
“Postsecondary education policy has failed to keep higher education affordable even as formal education beyond high school has become more essential,” reads the report. “Today, two out of three jobs require postsecondary education and training, while three out of four jobs in the 1970s required a high school diploma or less. Yet while young people today need more education than ever to compete in the labor market, a college education is more expensive than in the past.”
Also see:
From DSC:
For folks interested in pulse-checking the legal realm out there, below are three items from — or about — Clio this week:
Addendum on 11/1/21:
3 Promising Opportunities to Teach Your Kids From Home — from medium.com by Eva Keiffenheim
These organizations innovate homeschooling.
Excerpt:
What follows are three organizations that rethink the way children learn from home.
From DSC:
My wife teaches for Outschool and really enjoys it! She develops solid relationships with her students and is able to personalize things (as she deals with 1-3 students at a time). She doesn’t charge much at all, but she enjoys it.
