Meta Hebdo: Are We Lost In Metaverse?

Where are we going, we don’t need a road! – Over the past few weeks, metaverses have been promising us a world that expands the realms of the possible. decentralizationAnonymity, absence of a middleman, it seems that all these concepts of the so-called blockchain world have been tested in building the foundations of this virtual world. In fact, built on very murky ground at times, Web2’s shadow casts its weight on the metaverse and worries some. Caught between stimulating virtual freedom and the troubling invasion of large groups like Meta or Coinbase, the metaverse is looking for its way. Back to this week in the future.

So as not to get lost in Meta Hebdo:

Meta: Who pays metaverses for your NFTs?

The idea of ​​the metaverse, an interconnected virtual space, at the crossroads of worlds, easily conflicts with the static image of news wall Presented by existing social networks such as Twitter or Facebook. And rightly so. The latter, renamed Meta, develops the metaverse: Horizon World.

Proud leader of Meta, Mark Zuckerberg announced this week his intent to develop NFTs in his metaverse, not without cost. In fact, for Meta, the metaverse has a price: the social network saves 47.5% including 25% of the out-of-pocket costs for transactions in its metaverse. NFTs for sale in the market will also be taxed, to the detriment of the creators.

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

Mark Zuckerberg

However, something is wrong. First of all, Mark Zuckerberg sticks to the principles of Web 3 the concept of e-commerce, that of Web 2. Next, the share of engagement that Meta seems to take in reselling NFTs goes against the values ​​of NFT . community. Rather, it is the power of decentralization and allowing artists to control their work. From creation to distribution, from sale to purchase, the blockchain allows the artist to have complete control over their work.

Mark Zuckerberg, President of Meta (Facebook) has NFTs in his sights.

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Coinbase: From Crypto to NFT via Social Networks

On the contrary, Coinbase is inspired by the 2 web giants. In fact, the crypto platform started Market trial version (the shop) NFT. Accessible only to a small group of lucky ones, Coinbase NFT appears as Instagram for NFT:

“While buying and selling NFTs is a huge part of today’s ecosystem, what we have learned from talking to many clients and creators is that it is not enough to buy and sell. There is also the societal aspect. »

Sanshan Saxena, Vice President of Products and Ecosystems at Coinbase

Thus, the platform will allow the possibilities of commitments between users in the manner of Facebook or Instagram, which confirms the importance of the societal aspect. Through this post, we understand the importance of the social aspect of metaverses, which has already been emphasized by 3 web giants such as Decentraland or The Sandbox.

Sandbox: metaverse under the tag of diversity

However, let’s not forget the basic philosophy behind the creation of NFTs and more generally the philosophy that embraces Bitcoin creation. In the face of libertarians, Meta’s approach can be intimidating.

The Sandbox in its new partnership with Slipknot It also emphasizes the importance of community and social space in its metaverse. Forget about Paris Hilton’s sparkling evenings in Decentraland and join the dark universe of the Knotverse, the metal band’s metaverse. At the crossroads of genres and spaces, Sandbox asserts its desire for many interconnected terrains and a diverse culture within its virtual space.

“We are proud to welcome Slipknot and Knotfest as the first heavyweight band to open a home to their community in the open metaverse arena 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 only In Sandbox but on any other compatible platform. »

Sebastien Bourget, CEO of The Sandbox

NFT and the metaverse on when to meet Knotverse, Slipknot's virtual world in The Sandbox
We are partnering with Slipknot to create KNOTVERSE! A unique meeting place for music culture in the Metaverse! »– source: Twitter

For the Sandbox, the metaverse has a price

Sandbox, in its own way, knows the price of its virtual world well. So, based on the strength of the first fundraiser from 93 Millions of dollarsgiant metaverse sets the table for 400 million dollars additional. Sandbox can then expand, raising its capital to $4 billion.

Sandbox will likely remain one of the most successful metrics we know on the blockchain. However, the project, which is still in its embryonic stage, emphasizes that it is still difficult to define the parameters of defining the metaverse as it will be.

Infinite Reality: $470 million for Metaverse

The Sandbox isn’t the only one who needs to break the bank to grow. And so this week we were able to learn about the acquisition of ReKt Global, a big name in esports, for 470 million dollars by Infinite Reality. This company provides services for infrastructures wishing to embark on the metaverse (development, smart contracts, content, authentication, etc.). Aiming to become a leader in the metaverse at the crossroads of worlds. In this dynamic, e-sports and video games are essential. It allows Infinite Reality to expand its catalog of services by taking advantage of the development capabilities offered by ReKT Global.

This strategic choice of Infinite Reality underscores the direction and strong relationship between NFT games, DAOs, and the metaverse.

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

Huyndai: metamobility, the way of the future?

Hyundai is also investing in the metaverse. In fact, this week the robotics and technology giant announced Project NFT: Meta Kongz, a group limited to 30 NFTs. With the metamobility project, Hyundai wants a metaverse in which robots are a way to overcome the physical limits of spaces. This concept of the metaverse is already widening the gaps with the virtual world of Horizon World, for example.

“The idea behind transmutability is that space, time, and distance will all become useless. By connecting bots to metaverses, we will be able to move freely between the real world and virtual reality. Moving forward with the immersive experience (…) provided by the metaverse, bots will become an extension to our bodily senses, allowing us to reshape and enrich our daily lives with transformability.”

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

Giant Hyundai launches robotics in NFTs and metaverse
Hyundai rocks the roads in the metaverse with its metamobility concept.

Define, select, and give the metaverse One path set all in web 3 Difficult. The paths to the future of social networking and Web 2 are numerous and do not respect the same codes. Also, like Emmett Brown in Back to the futureSome see in the metaverse the possibility of “expanding our perception of humanity, where we came from, where we’re going, the ups and downs, the dangers and promises, and perhaps even finding an answer to this eternal question: Why?”. Others, like Marty McFly, see a way to put “a little butter in the spinach.”

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