The Rise of Web3 and the Metaverse – Major Disruptors to Economic, Social, and Political Systems

This timely book investigates the rise and fall of Web3 and the metaverse, shedding light on how various factors have influenced this trajectory. Nir Kshetri delves into the inherent complexities of the metaverse, exploring competing technologies, external influences and the reactions of investors.

Containing multidisciplinary practical insights, from technology, economics, and sociology, Kshetri expands on the transformative and disruptive impacts of the metaverse. He argues that despite the current deceleration in investment, these technologies hold immense potential to revolutionize economies, politics and the environment in the long term. Ultimately, this book illuminates the economic and social potential of augmented and virtual reality and identifies the opportunities and barriers to successful implementation.

The Rise of Web3 and the Metaverse is an essential read for students and researchers of disruptive technologies and AI, information systems, and the economics of innovation. Policymakers within NGOs, development institutions and government agencies will also find the insights presented here beneficial.

Nir Kshetri, Charles A. Hayes Distinguished Professor, Bryan School of Business and Economics, University of North Carolina―Greensboro, USA