Online virtual reality game or universe? Either way it is extremely cool!

First check this clip out.

http://www.entropiauniverse.com/movies/crytechflash/CRYENGINE_DEMO.html

This is Entropia Universe. This is what the site says about the game / universe:

What is the Entropia Universe?
The Entropia Universe is more than a game. The Entropia Universe is for real. Real people, real activities and a Real Cash Economy in a massive online universe.

Join people from around the globe who use the Entropia Universe currency, the PED, to develop their characters everyday on the untamed planet of Calypso. The unique and secure Real Cash Economy allows you to transfer your accumulated PED back into real world funds.

Online around the clock for decades to come, the Entropia Universe is continually enhanced with new content every month and supported by the Entropia Universe Support Department.

The Entropia Universe is a direct continuation of Project Entropia, which had a 2005 turnover of 1.6 Billion PED (160M$).

What is truly remarkable is the CryTek Engine which is able to depict the virtual universe extremely well.

Web 2.0 in a nutshell

a lot has been said about web 2.0.

what is it?

in short it is about exploiting the technology of web content and design. it is about connecting people. sharing. collaborating.

what the heck. let Michael Wesch, Assistant Professor of Cultural Anthropology, Kansas State University explain it.

YouTube and the dilemma of its business model

Internet ventures have long been a phenomena that is very difficult to understand. On one hand, the internet or the web has been wildly successful that there is a wealth of information (and disinformation) at the click of a mouse button.

Yet, on the other hand there have only been very few successful businesses. The successful ones are the likes of Google, Yahoo etc, but very few others.

So what drives venture capital funds to the web?

The dotcom bust in the early 2000s brought things back to reality. Yet, now we see the second wave of the web… called web 2.0.

Web 2.0 is primarily used to describe the second wave of web ventures which draw primarily from the internet community itself. Sites like mySpace and YouTube are the recent prime examples of community based sites achieving wild success (at least in terms of eyeballs).

The question now for the likes of YouTube – is this sustainable? What do you think? Is the free-for-user-and-hope-to-get-advertising-revenue model workable?

Out of the box: Wherefore the MSC?

I came across a BBC article on the MSC, and felt the need to say my two sen worth.

Ten years ago, the Malaysian government launched one of the unfairly labelled mega projects called the Multimedia Super Corridor (“MSC”).

The project was met with either awe or criticism. It was awe inspiring in the sense that it was so visionary for a country which was still pretty much trying to compete with its neighbours for manufacturing investment on the basis of cheap labour. It generated awe because the vision was simple and held a lot of truth: if Malaysia wanted to be competitive, it needed to focus on knowledge-based resources as opposed to low cost of doing business. Today, countries like China and India are attracting most of the investment by offerring precisely the low cost environment for businesses.

The criticism came from the fact that the project involved far too much money, when certain fundamental issues in the country remained to be sorted out.

In truth, it is a bit of both. Our inability to execute the vision of the government of the day – coupled with the late 90s economic & political crisis and dotcom bust of the early 21st century – has resulted in an underperforming MSC. Today we wonder “if only” we had done something then… we would be far more competitive today from a knowledge and technology standpoint.

Still, one of the fundamental issues we need to address is our education system. Having the promises of the MSC alone is insufficient if we cannot produce a steady flow (river) of creative, innovative and technically capabale graduates.

The emphasis is on being creative and innovative.

Thinking outside the box is a must in the internet age. New technologies, new solutions often appear on our blindside. By the time we realise it, somebody would have already commercialised the solution.

All is not lost though. We still have the ability to catch up with our neighbours. The key is for corporations (government-linked or otherwise) to encourage creativity within the working environment. I am currently in such environment. I know for sure that we are in an environment where we tend to ask for answers as opposed to looking for them. This is the typical past year exam syndrome that is commonplace in our education system.

To overcome this, I believe the following needs to be done:

  • remove the corporate shackles that restrain the intellect of our workforce
  • encourage diversity within the organisation – allow it to flourish and become the norm instead of the exception
  • encourage creativity & innovation through experimentation, taking calculated risks and learning from failures

These are very operational and people issues that needs to be worked out. I don’t think that there are any textbook solutions or manuals that can be written to transform these organisations. It has to be done through strong change agents, and getting the hands dirty.

YouTube leads video revolution

I’ve been advocating that local internet companies aggressively promote community-driven only video solutions like YouTube and the many other copycats.

YouTube has within 15 months become quite a phenomenom. Certain reports credit 25million hits per day. People are sharing links and bringing in more people to watch the short video clips (videttes?). There is very little marketing involved, but instead the community does all the marketing themselves.

The challenge for local internet companies is to constantly keep a keen eye on internet trends and move quickly with a solution that meets the online consumer needs.

The internet has always been a community driven phenomena. We need to leverage on this and bring forth one of our own phenomena.