Thanks to Facebook’s now eponymous focus, everyone is talking about building the metaverse—a 3D world of virtual shops, clubs, gyms, work spaces, and events. Which reveals an embarrassing lack of imagination. New ways to buy stuff? New ways to increase “productivity”? New ways for corporate owners to extract even more value for themselves? Really? Meanwhile, the technology of distributed systems such as blockchain, DAOs, and cryptocurrency —what we might call Web 3.0—offers a radical reorganization of civilization itself, proliferating digital nation-states powered by their own economies created, organized, and run by their communities, redistributing both wealth and power while side-stepping state intervention. The future is not the metaverse of Silicon Valley. It’s the multiverse of distributed systems.