last week, Facebook changes its name to Meta And announced the launch of Metaverse’s development plan-a new way of Internet interaction and navigation. Now, there is a multi-billion-dollar corporate giant in the Metaverse field vying for the helm, which makes its future even more uncertain.
Whether we like it or not, large companies may play an important role in the development and evolution of Metaverse. But will it suffer from the same problems faced by today’s social media giants, or will decentralized platforms and services take center stage?
Build a digital walled garden
At the Facebook Connect conference last week, Meta founder and CEO Mark Zuckerberg announced plans to invest $10 billion in the development of Metaverse this year alone, a connected digital experience and service that seamlessly integrates with the real world. And platform ecosystem.
Announce @Meta — The new name of the Facebook company. Meta is helping to build Metaverse, a place where we will play and connect in 3D. Welcome to the next chapter of social connections. pic.twitter.com/ywSJPLsCoD
-Yuan (@Meta) October 28, 2021
But as Facebook has shown time and time again-such as when it Back Promise that it does not require a Facebook account to use its Oculus products-it will almost certainly seek to enforce strict controls on how Metaverse is used and accessed. After all, ecosystem lock-in is a popular and time-tested way to force continued participation while isolating competition.
Given that Zuckerberg himself refers to Metaverse as the “next generation Internet” that will be used by hundreds of millions of users, it seems unlikely that a corporate giant that is popular with shareholders will go to great lengths to place Meta in the center of Metaverse behind the scenes.
As a vast and upcoming landscape, there is no doubt that new ways of online creation, socialization and work will be introduced. Metaverse will become a ubiquitous media, and most people who are proficient in the Internet will interact with each other to some extent. Of interaction.
Similarly, given the recent freed In the damn “Facebook File” published by The Wall Street Journal, it was revealed that the social media platform has been suffering from a large number of problems and operated with some serious suspicious business practices-from a huge lawsuit to a lax The content has been reviewed to the preferential treatment of certain users. All of this is in stark contrast to Zuckerberg’s so-called egalitarian vision of Metaverse.
If Metaverse is made in the image of Facebook, please exclude me.
These documents also show that Facebook is rapidly losing favor with the millennial generation-the generation most likely to interact with Metaverse technology.
Meta has been widely criticized for its plans, and was recently called the “cancer of democracy” by the American politician Alexander Ocasio-Cortez in a recent Twitter attack. This sentiment seems to be the general consensus on Crypto Twitter, and its reaction to this news is not optimistic.
Meta is like “We are the cancer of democracy. We are moving to the global surveillance and propaganda machine to promote authoritarian regimes and destroy civil society…for profit!” https://t.co/jzOcCFaWkJ
— Alexander Ocasio-Cortez (@AOC) October 28, 2021
The game is manipulated to your detriment. Meta wants to have your digital identity, and in its way, it will have access to more of your data than ever before. no, thank you!
It is widely expected that the blockchain will become one of the key technologies that can develop a truly ubiquitous virtual space that can be navigated as safely as the Web 2.0 Internet.
Since blockchain-driven digital identity solutions will provide support for truly lasting digital avatars, as well as digital assets that provide access to services and products that are not related to regions, Metaverse seems to inherit the value of the blockchain industry—that is, no need Allow access, review resistance, security, and decentralization.
Nevertheless, technology incumbents will eventually seek to play a role in the blockchain infrastructure of things in an attempt to guide the development of Metaverse and shape it in their own image.After all, given that Metaverse Industries is Reserve In the next few years, it will grow at a compound annual growth rate of 13.1%, and the blockchain technology field Expected To soar by 32.4% by at least 2025, there are strong financial incentives to gain a firm foothold as early as possible.
Twitter will be one of the first companies to participate in the Bluesky campaign. Bluesky is a decentralized social media protocol that will eventually be used to host various social networks-including Twitter. However, given that Twitter has also received more than its fair share of disputes, including suspicious account suspensions, High-profile account hijackingAs well as a large number of reports on government review, it is not so clear whether this will support the above core principles.
Not to mention the fact that Twitter (and many other social media platforms) is banned in multiple countries.with As we saw before Using Facebook’s Novi wallet product, corporate encryption projects are often subject to excessive regulatory scrutiny, often severely restricting their scope, and ultimately lead to the product being watered down, in which the balance between profit and progress tends to be biased towards the former.
A series of encrypted native social media platforms and metaverse projects are currently under development. It can be said that they have major leading advantages and technological advantages over enterprise-supported products, because they can maintain a true license-free and democratic.This includes things like Decentralized Paradise And Bloktopia-they have provided early insights into Metaverse through its complex, user-controlled economy, virtual real estate, and virtual reality-based digital experiences.
It has been a few days since we turned off the lights, turned off the human shells and tied Juan to the bus.So now is the right time to look back at the past four amazing days #元界节. One thread… pic.twitter.com/hgnAREtuaW
-Decentraland (@decentraland) October 29, 2021
Other purely decentralized social media platforms are also about to emerge, including Bitorbit. Based on Velas (Solana fork), Bitorbit aims to solve the problem that corporate-owned social media creates such a bleak experience for users and creators-using blockchain to restore privacy and help users better monetize their content and Secure online transactions.
Given that it has the potential to fundamentally change the way we interact with each other and our daily lives, Metaverse is becoming a key technology for all of us.
But as corporate giants clash with the active and resourceful blockchain community in the development and nature of Metaverse, it is unclear whether it will become another tool aimed at developing the paradise that the public or we all want.
This article does not contain investment advice or recommendations. Every investment and trading action involves risks, and readers should research on their own when making a decision.
The views, thoughts, and opinions expressed here are only those of the author, and do not necessarily reflect or represent the views and opinions of Cointelegraph.
Kalanimeng Is the Ecosystem Growth Director of Velas, a decentralized smart contract platform forked from Solana. As a serial entrepreneur and early builder in the blockchain field, Moe previously founded the Divi project and, as its former creative director, helped CoinPayments develop into the world’s leading cryptocurrency payment processor.