Neal Stephenson Invented ‘Metaverse’ in 1992. Now He’s Building 1

2 min

Neal Stephenson Invented ‘Metaverse’ in 1992. Now He’s Building 1

The author is working with a number of cryptocurrency veterans on a new metaverse-focused base layer, Lamina1.

In 1992, science-fiction author Neal Stephenson invented the term “metaverse” in his hit novel “Snow .” Now, 30 later, he’s teaming up with another cryptocurrency OG, Peter Vessenes, to attract his vision to life.

The duo announced on Wednesday that they’re creating their own metaverse-focused blockchain tech called Lamina1. Vessenes will be the ’s while Stephenson will serve as chairman.

Like the visions of the metaverse network popularized in the summer of 2021, before much of the corporate world began co-opting the term, Lamina1 will be centered on open metaverses with a focus on virtual- and augmented-reality integrations.

“The Facebook name change was a big milestone for the metaverse network, although the idea had been building for some time before that,” Stephenson reported CoinDesk in an interview, :

Bitcoin Closes June Below $20K, BlockFi Acquisition Rumors Spiral, MSTR Buys the Dip: This Week’s Crypto Recap

“While big corporations like Microsoft became interested, what likewise happened was several smaller players became interested as well. There are several people who want to get in on the metaverse network and build their dreams, build their ideas, realize their creative notions or their commercial ambitions.”

The testnet and betanet of Lamina1 are scheduled to be launched later this year, with the ultimate being to create an immersive 3D metaverse network inspired by the novel itself.

Plans for Lamina1

Vessenes reported CoinDesk the 1st iteration of the blockchain tech will be “somewhere in the middle of a friendly fork and partnership” of Avalanche (AVAX), though no plans have been finalized.

Financial of the project include Ethereum () co- Joseph Lubin, Geoff Entress, Matthew Roszak, Patrick Murck and David Johnston, as reported by a press release.

The notice comes at a time when the metaverse network continues  to mean anything from a video game to an immersive future of life itself.

Investors are hedging their on both ends of the spectrum, backing projects that range from centralized virtual marketplaces like the one Meta is building to projects like MetaMetaverse, whose ambitions resonate more with the -native.

“When I look at the things that have made the top chains work, it’s really just how successful they’ve been at getting their communities all the resources they need, and just helping them succeed,” Vessenes reported CoinDesk. “What we’re wanting to do is attract in very, very high-quality IP partners, enterprise partners, help everybody meet each other and just build stuff.”

NFT Marketplace Quixotic Suffers Exploit Attack

Stephenson will be speaking at CoinDesk’s Consensus conference in Austin, Texas, later this week.

Continue reading on

Disclaimer: This page is simply meant to provide information. It does not constitute a direct offer to purchase or sell, a solicitation of an offer to buy or sell, or a suggestion or endorsement of any goods, services, or businesses. does not offer accounting, tax, or legal advice. When using or relying on any of the products, services, or content described in this article, neither the firm nor the author is liable, directly or indirectly, for any harm or loss that may result. Read more at Important Disclaimers and at Risk Disclaimers.

Like it? Share with your friends!

Share via
Share via
Send this to a friend