Gene Park

To Epic Games CEO Tim Sweeney, people are tired of how today’s Internet operates. He says the social media era of the Internet, a charge led by Mark Zuckerberg’s Facebook, has separated commerce from the general audience, herding users together and directing them to targets of the company’s choosing rather than allowing free exploration. “Now we’re in a closed platform wave, and Apple and Google are surfing that wave too,” Sweeney said.

Epic Games, locked in a legal battle with Apple and Google over developer payments, now says Apple is threatening to cut the company off from developer accounts and iOS and Mac development tools. This decision, expected to go into effect Aug. 28, might have widespread effects on App Store development.

The next version of the Internet is often described as the Metaverse, a term borne from science fiction, describing a shared, virtual space that’s persistently online and active, even without people logging in. It will have its own economy, complete with jobs, shopping areas and media to consume. The Metaverse is inevitable, many believe, and the Silicon Valley C-suite has been obsessed with the idea — as has a video game company in Cary, North Carolina. In recent years, there’s been serious talk about how to build the Metaverse, and who will build it first.