Neal Stephenson Launches a Crypto Startup

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Fiction writer Neal Stephenson, who is considered the creator of the term metaverse, plans to launch Lamina1, his own blockchain startup focused on metaverses and augmented reality.

The project also involves the former president of the Bitcoin Foundation, Peter Vessenes. According to him, the first iteration of the blockchain will be something between “a friendly fork and a partnership” with Avalanche.

Investors in the project included Ethereum co-founder Joseph Lubin, PSL Ventures managing director Geoff Entress, billionaire Matthew Roszak and others.

Neal Stephenson was the first to the term “metaverse” in 1992 in the novel Snow Crash. The book describes the metaworld as a virtual urban environment that people enter through the Internet and VR glasses. The work also mentions the themes of social inequality, totalitarianism, advertising and virtual real estate.

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