“Our goal is to build an open metaverse that can stand against what we call competition that is the Web 2.0 metaverses,” says Sebastien Borget, chief operating officer of the Sandbox, an Ethereum-based platform where players can build and monetize in-game assets and even land. The “Open” MetaverseĬritics say “the metaverse is just a sexy, aspirational name for some kind of virtual or augmented-reality play” of tech magnates, but in the blockchain world, the discussion revolves around bringing down the old guard of the internet-the so-called Walled Gardens of Big Tech, where companies like Google and Facebook own and profit from vast amounts of user data. If the world’s biggest companies are pouring billions into building technologies and experiences that promise us an entirely new way of interaction and new wave of innovation, pay attention.
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