The Metaverse
The metaverse has long been the subject of science fiction and futuristic fantasies. A world where digital spaces and real-world experiences merge seamlessly is no longer a distant dream. Recent technological advancements have brought the metaverse closer than ever before. However, to be successful, the metaverse must be an open and free platform.
The Sandbox COO, Sebastien Borget, recently spoke at the NFT Paris event about the importance of digital ownership and an open metaverse. Borget believes that the metaverse must be open to everyone, unlike platforms such as Roblox and Fortnite that do not allow users to move their digital assets freely between platforms.
The Sandbox, a crypto-powered metaverse game, allows users to purchase digital real estate called LAND as NFTs. This virtual real estate can be customized and monetized in-game. The ownership of in-game assets is essential in the metaverse. Users should be able to move their creations or purchases from realm to realm and retain their digital property throughout.
Borget emphasized the importance of true digital ownership of content in the metaverse. Users should own their avatars, wearables, equipment, land, houses, and the content they create and earn as they engage. This is a significant shift from Web2 games, where users have little or no control over their digital assets.
To ensure that creators benefit fully from their contributions, Borget suggested that they should receive up to “95% or 100% of the revenue they bring and generate as they contribute to the development.” This will incentivize users to create and engage in the metaverse, leading to a vibrant and thriving digital economy.
The Metaverse Needs to Be ‘Open’
In addition to digital ownership, the Metaverse must also be an open and free platform to be successful. The Metaverse should not be a closed-walled garden platform, but rather an open metaverse where users can bring their assets wherever they want. This means that the Metaverse must be interoperable, allowing users to move freely between different virtual worlds and platforms, without being restricted by proprietary software.
Borget also stressed this importance of an open metaverse. He stated that he metaverse must be a platform where users can move freely between realms, bringing their assets wherever they want. This is in contrast to closed-walled garden platforms like Fortnite and Roblox, which do not allow users to move their digital assets freely between platforms.
An open metaverse ensures that users have control over their digital assets and can benefit fully from their contributions. Users should have the right to own, buy, and sell their digital assets freely. The metaverse must be a decentralized platform that is not controlled by a single entity, but by its users.
For the metaverse to be fully successful and universally accepted, it must be an open and free platform. It must be a world where users can create, own, and monetize their digital assets freely. The metaverse must be a decentralized platform that is not controlled by a single entity, but by its users.
The Metaverse should also be open to innovation and experimentation, allowing developers and creators to push the boundaries of what is possible in the virtual world. This will lead to the creation of new and exciting experiences that will attract users and keep them engaged.
The Metaverse: A World of Possibilities
The metaverse is a world of infinite possibilities. It has the potential to transform the world we live in today. The metaverse is a world where digital and real-world experiences merge seamlessly. It is a world where users can create, own, and monetize their digital assets freely. The metaverse is a world where users can engage in various activities, such as gaming, socializing, learning, and working.
The metaverse has the potential to transform the world in many ways. It can create new job opportunities, drive innovation, and foster creativity. The metaverse can be a tool for education, enabling users to learn in an immersive and interactive environment. It can also be a platform for socializing, enabling users to connect with people from all over the world.
The metaverse can also transform the gaming industry. It can create a new kind of gaming experience, where users are fully immersed in the game world. The metaverse can also create new revenue streams for game developers, enabling them to monetize their games in innovative ways.
Every aspect of our lives can be changed by the proper implementation of web3 technology and ideation. With the correct implementation the dream of stories such as Ready Player One can finally be fulfilled and our society can once again witness a new evolution in the way we learn, play, and work.
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