"There's no, like, one big bank that is sitting there processing all of those zillions of transactions." "I think it's implicit in Snow Crash that none of what you're seeing there could really exist as described without some kind of decentralized payment system," Stephenson says. Stephenson said that when envisioning the metaverse in Snow Crash, he did not foresee Web3, but says blockchain technology is necessary to at last make the metaverse happen. That is my and Neal's strategy-align everything around getting the best thing built and getting everybody all the tools they need to build what they want." "We're going to have all the facilities of a full layer one to help support and encourage the creators who want to build with us. "Lamina1 is a purpose-built blockchain for building the open metaverse," Vessenes explained. In an interview with Decrypt, Stephenson and Lamina1 co-founder Peter Vessenes, a crypto pioneer and co-founder of the Bitcoin Foundation, elaborated a bit on the project. The project describes itself as a "free metaverse" aimed at “helping get artists and other value creators paid properly for their work, helping the environment (Lamina1 will be provably carbon negative), and seeing a truly Open Metaverse get built instead of seeing the Metaverse vision co-opted by monopolies.”
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