Sandbox co-founder wants to defend Metaverse against large tech companies

Sandbox co-founder Sebastien Borget wants to protect Metaverse from large tech giants aiming to enter emerging markets.

recently interview, Borget said that he is not very keen on large technology companies such as Meta to join Metaverse. He further explained that large technology companies may threaten Metaverse’s decentralization because their business models run counter to it.

The co-founder of Sandbox went on to add that this has nothing to do with competition, but more about an open, decentralized future. Technology giants monopolize Web 2.0, and Web 3.0 technologies such as Metaverse and encryption are trying to break this monopoly. Bogut explained:

“We don’t think these companies can create really interesting things to cater to users because they have been focusing on their key business models and how to satisfy shareholders, rather than satisfy users with assets. Own platforms.”

Facebook changed its name to Meta to acknowledge its focus on the virtual world. After failing to launch a universal stablecoin, the social media giant has shifted its focus to leading technology giants in the emerging virtual reality meta-universe.

related: Made it: Nike entered the Metaverse game after acquiring RTFKT

Facebook records Poor management of user data It caused mistrust among the masses, and the company’s business model worries the sandbox chief operating officer.

Sandbox closed one $93 million financing round Led by Japanese banking giant SoftBank.It also launched the first Metaverse game People can buy virtual land, And the game has attracted a lot of headlines for the sale of virtual land for $4.3 million. The Metaverse project combines the best encryption and virtual reality-based gaming ecosystem, making it one of the most popular projects in the crypto world.