Meta-Hebdo: are we lost in the metaverse?

Where we’re going, we don’t need a road! – The metaverse promises us over the weeks a world that would expand the fields of the possible. Decentralization, anonymity, absence of intermediary, all these notions specific to the so-called blockchain universe seem to be put to the test in the construction of the foundations of this virtual world. Indeed, built on a sometimes very vague ground, the shadow of Web2 weighs on the metaverse and worries some. Stuck between a galvanizing virtual freedom and the worrying conquest of large groups such as Meta or Coinbase, the metaverse is looking for its way. Throwback to this week in the future.

So as not to get lost in the Meta-Hebdo:

Meta: a metaverse that pays for your NFTs?

The idea of ​​a metaverse, an interconnected virtual space, at the crossroads of worlds, is easily opposed to the static image of the news wall offered by current social networks such as Twitter or Facebook. And justly. The latter, renamed Meta, is developing a metaverse: Horizon World.

Proud leader of Meta, Marc Zuckerberg this week declared his intention to develop NFTs in his metaverse, not without cost. Indeed, for Meta, the metaverse has a price: the social network provides 47.5% including 25% of costs in its pocket for transactions in its metaverse. NFTs offered for sale on its marketplace will also be taxed, thereby harming creators.

“The ability to sell items and access privileges within virtual worlds is now part of the overall e-commerce equation”

mark zuckerberg

However, there is something wrong. First of all, Marc Zuckerberg affixes to the principles of web3 the notion of e-commerce, specific to web 2. Then, the share of participation that Meta would seem to take in the resale of NFTs goes against the values ​​of the NFT community. Indeed, the strength of decentralization is to allow artists to control their work. From creation to distribution, from sale to purchase, the blockchain allows the artist total control over his work.

Marc Zuckerberg, head of Meta (Facebook) has NFTs in his sights.

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Coinbase: from crypto to NFT via social networks

Conversely, Coinbase is inspired by the web 2 giants. Indeed, the crypto platform started the BETA version of its marketplace (marketplace) NFT. Accessible only to a small group of lucky people, Coinbase NFT appears as the Instagram of NFTs:

“While buying and selling NFT is a big part of the ecosystem today, what we’ve learned from talking to many customers and creators is that it’s not enough to buy and sell. There is also the community aspect. »

Sanchan Saxena, Vice President of Products and Ecosystem at Coinbase

Thus the platform will allow possibilities of commitments between users in the manner of Facebook or Instagram, underlining the importance of the community aspect. Through this prism, we understand the importance of the social aspect of the metaverse, already underlined by web3 giants such as Decentraland or The Sandbox.

The Sandbox: a metaverse under the sign of diversity

Let’s not forget, however, the primary philosophy behind the creation of NFTs and more generally the philosophy that cradles the creation of bitcoin. Faced with libertarians, Meta’s approach can be borderline frightening.

The Sandbox in its new partnership with Slipknot also emphasizes the importance of community and social space in its metaverse. Forget the glittery evenings of Paris Hilton in Decentraland and join the dark universe of the Knotverse, metaverse of the metal band. At the crossroads of genres and spaces, The Sandbox confirms its desire for several interconnected terrains, and a varied culture within its virtual space.

“We are proud to welcome Slipknot and Knotfest as the first heavy music band to open a home for their community in the open metaverse The Sandbox. We are building the future of digital expression and social interaction and this partnership invites a diverse and free-thinking new audience to experience the benefits of true ownership where any Slipknot NFT can be used not just in The Sandbox but on any other compatible platform. »

Sébastien Borget, CEO of The Sandbox

NFT and metaverse are at the rendezvous in the Knotverse, the virtual world of Slipknot in The Sandbox
“We’re partnering with Slipknot to create the KNOTVERSE! A one-of-a-kind meeting place for music culture in the Metaverse! »– Source: Twitter

For The Sandbox, the metaverse has a price

The Sandbox, in its own way, knows the price of its virtual world all too well. So, on the strength of a first fundraiser of 93 millions of dollarsthe giant of the metaverse sets the table for $400 million additional. The Sandbox could then expand further, raising its capitalization to $4 billion.

The Sandbox probably remains one of the most successful metaverses we know on the blockchain. However, the still embryonic project confirms that it remains difficult to define the contours of a definition of the metaverse as it will be.

Infinite Reality: $470 million for the metaverse

The Sandbox isn’t the only one that needs to break the bank to grow. Thus this week we were able to learn of the takeover of ReKt Global, a big name in e-sport, for $470 million by Infinite Reality. This company provides services to infrastructures wishing to embark on the metaverse (development, smart contracts, content, authentication, etc.). It aims to become a leader in a metaverse at the crossroads of worlds. In this dynamic, e-sport and video games are essential. They allow Infinite Reality to expand its service catalog by taking advantage of the development possibilities offered by ReKT Global.

This strategic choice of Infinite Reality confirms the trend and the strong link between NFT games, DAOs and the metaverse.

Animoca, the king of gaming in the metaverse
The metaverse will have to reckon with NFT games and gaming.

Huyndai: metamobility, the road of the future?

Hyundai also invests in the metaverse. Indeed, the robotics and technology giant announced this week an NFT project: Meta Kongz, a collection limited to 30 NFTs. With a metamobility project, Hyundai wants a metaverse in which robotics is a means of overcoming the physical limits of spaces. This conception of the metaverse is already widening gaps with the virtual world of Horizon World, for example.

“The idea behind metamobility is that space, time and distance will all become useless. By connecting robots to the metaverse, we will be able to move freely between the real world and virtual reality. Going one step further in the immersive experience (…) that the metaverse provides, robots will become an extension of our own physical senses, allowing us to reshape and enrich our daily lives with metamobility. »

Chang Song, Chairman of Hyundai Group and Head of Transportation-as-a-Service Division

Robotics giant Hyundai launches into NFTs and the metaverse
Hyundai is shaking up routes in the metaverse with the concept of metamobility.

Delimit the metaverse, define it and give it a single route all mapped out in the web 3 is tricky. The paths to the future of social networks and web2 are numerous and do not respect the same codes. Also, like Emmett Brown in Back to the future, some see in the metaverse the possibility “of broadening our perception of humanity, where we come from, where we are going, the convulsions and the ups and downs, the perils and the promises, perhaps even finding an answer to this eternal Question: Why? “. Others see it, like Marty Mcfly, as a way to put “a little butter in the spinach.”

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