Meta-Hebdo: are we lost in the meta-verse?

Wherever we go, we do not need a road! – The meta-verse promises us over the weeks a world that would expand the fields of the possible. Decentralization, anonymity, the absence of intermediaries, all these notions specific to the so-called blockchain universe seem to be put to the test in the construction of the foundation of this virtual world. In fact, 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 like Meta or Coinbase, the metaverse leads its way. Throwback to this week in the future.

In order not to get lost in Meta-Hebdo:

Meta: a metaverse that pays for your NFTs?

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

The proud leader of Meta, Marc Zuckerberg, declared this week that he intends to develop NFTs in his metavers, not at no cost. For Meta, the metaverse actually has a price: The social network provides 47.5% including 25% of the cost in the pocket for transactions in its metaverse. NFTs offered for sale on its marketplace will also be taxed, thereby harming creators.

“The ability to sell goods and gain access rights in virtual worlds is now part of the overall e-commerce equation”

Mark Zuckerberg

However, something is wrong. First of all, Marc Zuckerberg links the principles of web3 to the concept of e-commerce, which is specific to web 2. Then the share of participation that Meta seems to take in the resale of NFTs goes against the values ​​in NFT community. The strength of decentralization is, in fact, enabling artists to control their work. From creation to distribution, from sale to purchase, the blockchain gives the artist full control over his work.

Photo montage of Marck Zuckerberg wearing glasses in the shape of an infinity sign, the Meta logo, Facebook's metaverse counterpart.
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. In fact, the crypto platform started The BETA version of its marketplace (marketplace) NFT. Only available to a small group of lucky people, Coinbase NFT appears as NFT’s Instagram:

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

Sanchan Saxena, Vice President of Products and Ecosystem at Coinbase

Thus, the platform will allow for commitments between users in the same way as Facebook or Instagram, emphasizing the importance of the community aspect. Through this prism, we understand the importance of the social aspect of the metaverse, already emphasized by web3 giants like Decentraland or The Sandbox.

The sandbox: a metaverse under the sign of diversity

However, let us not forget the primary philosophy behind the creation of NFTs and more generally the philosophy that cradles creation of bitcoin. Faced with libertarians, Meta’s approach may be cross-border.

The Sandbox in its new partnership with Slipknot also emphasizes the importance of community and social spaces in its metavers. Forget the glittering evenings at the Paris Hilton in Decentraland and join the dark universe of Knotverse, the metal band’s metavers. At the crossroads between genres and spaces, The Sandbox confirms its desire for more cohesive terrains and a varied culture in its virtual space.

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

Sébastien Borget, CEO of The Sandbox

NFT and Metaverse are at the meeting place in Knotverse, the virtual world of Slipknot in The Sandbox
“We are collaborating with Slipknot to create KNOTVERSE! A unique meeting place for music culture in Metaverset! »– Source: Twitter

For The Sandbox, the meta verse has a price

The sandbox knows in its own way the price of its virtual world all too well. So by virtue 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 and raise its capitalization to $ 4 billion.

The sandbox is probably still one of the most successful metavers we know of on 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 meta-verse

The sandbox is not the only one that has to break the bank to grow. Thus, this week we could hear about the acquisition of ReKt Global, a big name in e-sports, for $ 470 million by Infinite Reality. This company provides services for infrastructures that want to get started with the meta-verse (development, smart contracts, content, authentication, etc.). It aims to become a leader in a metaverse at the crossroads of worlds. In this dynamic, e-sports and video games are crucial. They give Infinite Reality the opportunity to expand its service catalog by taking advantage of the development opportunities that ReKT Global offers.

This strategic choice of Infinite Reality confirms the trend and the strong connection between NFT games, DAOs and the meta-verse.

Animoca, the king of gaming in the meta-verse
The metaverset will have to reckon with NFT games and games.

Huyndai: metamobility, the way of the future?

Hyundai is also investing in the meta-verse. In fact, this week the robot and technology giant announced an NFT project: Meta Kongz, a collection limited to 30 NFTs. With a meta-mobility project, Hyundai wants a metaverse where robot technology is a means of overcoming the physical boundaries of space. This perception of the meta-verse already widens the gap with the virtual world of Horizon World, for example.

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

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

Robot giant Hyundai launches in NFTs and metaverse
Hyundai shakes routes in the meta-verse with the concept of metamobility.

Delimit the meta-verse, define it and give it a single route, all mapped online 3 is tricky. The roads to the future of social networking 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 expanding our perception of humanity, where we come from, where we are going, the cramps and ups and downs, the dangers and the promises, may even find 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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