The Web3 trifecta: Robert Rice talks about combining AI, metaverse and blockchain

The Metaverse continues to be one of the most fascinating technological developments of recent years, allowing users to interact online in a realistic way, bringing digital environments to life. As Robert Rice tells the audience at the London Blockchain Conference, the combination of the artificial intelligence (AI) metaverse and blockchain may finally deliver on the promise of the internet to bring true online connectivity and level the playing field.

“Disruption facilitates and accelerates change, and also creates opportunity,” Rice began her presentation on Day 3 of the conference. A global metaverse thought leader, Rice is the founder and CEO of Transmira, whose platform Omniscape is a pioneer in metaverse commercialization.

Rice believes that to realize the promise of Web3, we need to combine the three technologies: metaverse, blockchain and AI. AI accelerates development, while blockchain ensures data integrity, authenticity and security.

“And BSV [blockchain] is pretty much the only one [network] in the planet that can handle the size, speed, scale and cost of bringing the metaverse to life,” he said.

The metaverse is much more than just an augmented reality (AR) world, Rice continued. But to realize its full potential, it needs to make money. Some reports say the metaverse could be worth $13 trillion in the next seven years, but only if it monetizes properly.

Transmira works to make the metaverse more than just a cool digital world with realistic avatars. Its vision relies on building digital twins, dynamic data collections and visualization and then leveraging the BSV blockchain for data integrity.

The implications can be enormous. Instead of just a cool avatar, think about integrating AI to turn the avatar into a virtual customer service assistant or travel guide.

“We’re bringing all these technologies together to build something specifically designed for business, brand awareness, engagement, socializing, collaboration: all the things that we’re talking about for the metaverse but haven’t been brought to market by the other guys who are focused on just game.”

A concern for some is that the metaverse could be a rabbit hole that has a detrimental effect on the mental health of its users. In response to a question from the audience about this, Rice stated that he believes it will be a connecting tool that promotes mental health by bringing people closer together.

“Imagine having an AI-powered 3D pet or avatar that can be your friend, help you, watch over you, remind you to take your pills, or just check in on you. I think for mental health the metaverse and AI will be very positive if done right,” Rice noted.

See Robert Rice: The Metaverse and All Things Around Us

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