Meta-Hebdo: are we lost in the metaverse?

Where are we going, we don’t need a road! – The metaverse promises us over the weeks a world that would expand the fields of the possible. Decentralization, anonymity, the absence of intermediaries, all these specific notions of the so-called blockchain universe seem to be tested in the construction of the foundations of this virtual world. In fact, built on sometimes very vague terrain, Web2’s shadow weighs on the metaverse and worries some. Stuck between galvanizing virtual freedom and the worrying conquest of large groups like Meta or Coinbase, the metaverse is looking for its way. Back to this week in the future.

In order not to get lost in the Meta-Hebdo:

Meta: a metaverse that pays your NFTs?

The idea of ​​a metaverse, of an interconnected virtual space, at the crossroads of worlds, is easily contrasted with the static image of news bulletin board offered by current social networks such as Twitter or Facebook. And rightly so. The latter, renamed Meta, is developing a metaverse: Horizon World.

Proud leader of Meta, Marc Zuckerberg this week declared his intention to develop NFT in his metaverse, not without cost. In fact, for Meta, the metaverse has a price: the social network provides 47.5% including 25% of the costs in your pocket for transactions in its metaverse. NFTs offered for sale on its market will also be taxed, thereby harming the creators.

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

Marco Zuckerberg

However, there is something wrong. In the first place, Marc Zuckerberg appends the notion of e-commerce, specific to web 2, to the principles of the web3. NFT community. Indeed, the strength of decentralization is to allow artists to control their own work. From creation to distribution, from sale to purchase, the blockchain allows the artist total control over his work.

Marc Zuckerberg, head of Meta (Facebook) has NFTs in his sights.

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Coinbase: from cryptocurrencies to NFT through social networks

On the contrary, Coinbase is inspired by the giants of the web 2. Indeed, the cryptographic platform has begun the BETA version of its market (market) NFT. Accessible only to a small group of lucky ones, Coinbase NFT appears as the Instagram of NFTs:

“While buying and selling NFTs is an important part of the ecosystem today, what we have learned from talking to many customers and creators is that it’s not enough to just buy and sell. There is also the community aspect.

Sanchan Saxena, Coinbase’s Vice President of Products and Ecosystem

Therefore the platform will allow the possibility of engagement between users in the manner of Facebook or Instagram, underlining the importance of the community aspect. Through this prism, we understand the importance of the social aspect of the metaverse, already underlined by giants of the web3 such as Decentraland or The Sandbox.
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The Sandbox: a metaverse in the name of diversity

Let’s not forget, however, the primary philosophy behind the creation of NFTs and more generally the philosophy that cradles the creation of bitcoin. Faced with libertarians, Meta’s approach can be bordering on fear.

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

“We are proud to welcome Slipknot and Knotfest as the first heavy music band to open a home for their community in the open metaverse 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 The Sandbox but on any other platform. compatible. “

Sébastien Borget, CEO of The Sandbox

NFT and metaverse are at the rendezvous in the Knotverse, Slipknot's virtual world in The Sandbox
“We are partnering with Slipknot to create the KOTVERSE! A unique meeting point for musical culture in the Metaverse! – Source: Twitter

For The Sandbox, the metaverse comes at a price

The Sandbox, in its own way, knows the price of its virtual world all too well. So, based on a first fundraiser by 93 Millions of dollarsthe metaverse giant sets the table $ 400 million additional. The Sandbox could then expand further, increasing its capitalization to $ 4 billion.

The Sandbox arguably remains one of the most successful metaverses we know of on the 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 metaverse

The Sandbox isn’t the only one that needs to break the bank to grow. So this week we were able to learn about the acquisition of ReKt Global, a big name in e-sport, for $ 470 million from the Infinite Reality. This company provides services to infrastructures wishing to undertake the metaverse (development, smart contracts, content, authentication, etc.). Aim to become a leader in a metaverse at the crossroads of worlds. In this dynamic, e-sports and video games are essential. They allow Infinite Reality to expand its catalog of services by exploiting the development possibilities offered by ReKT Global.

This strategic choice of Infinite Reality confirms the trend and the strong link between NFT, DAO and metaverse games.

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

Huyndai: metamobility, the way of the future?

Hyundai also invests in the metaverse. Indeed, the robotics and technology giant announced this week an NFT project: Meta Kongz, a collection limited to 30 NFTs. With a metamobility project, Hyundai wants a metaverse in which robotics is a way to overcome the physical limits of spaces. This conception of the metaverse is already widening the gaps with the virtual world of Horizon World, for example.

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

Chang Song, president of the Hyundai group and head of the Transportation-as-a-Service division

Robotics giant Hyundai launches into NFTs and the metaverse
Hyundai is shaking routes in the metaverse with the concept of metamobility.

Outline the metaverse, define it and assign it a single path all traced on the web 3 it’s difficult. There are many ways for the future of social media and the web2 and they do not respect the same codes. Also, like Emmett Brown in Back to the Future, some see in the metaverse the possibility “of broadening our perception of humanity, where we come from, where we go, the convulsions and the ups and downs, the dangers and the promises, perhaps even finding an answer to this eternal Question: How come ? “. Others see it, like Marty Mcfly, as a way to put “some butter in the spinach”.

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