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- The co-founder of the sandbox, Sebastien Borget expresses metaverse in tinge of pious & wants to defend it against the big tech.
- Borget considers it much more than competition as it is a transition from web 2.0 to 3.0
- The blockchain based video game platform secured a new round of funding the previous month worth $93 million.
The metaverse is the new place to be, as the term picks up trend & more people understand the idea of it elaboratively, many tech companies have already announced their projects around the metaverse ambit, while some are an add on feature, many of them are authentically creating virtual world that feel just as real.
However things & tangents turn differently when the metaverse is factored in on a blockchain, The Co-Founder of the sandbox Sebastien Borget was found taking a stand where his considerations were to safeguard metaverse from sorties of the big tech like Meta, which recently changed its name from Facebook to signify their focus to the metaverse. Reportedly, Chinese tech giants like Tencent have also picked up on the trend, working on the same.
Borget further pointed out that Big Tech could haunt an open metaverse as their profit models go against the decentralization of the internet, where the web 3.0 prioritizes anonymity & privacy while the big tech focuses on collecting data to show personalized Ads to gain more profits.
Borget says that it’s not only just competition but about bringing the old guard down of Web 2.0 while transitioning to the web 3.0 using blockchains & cryptocurrencies. Such qualities of the web 3.0 will definitely seem more appealing than the business centralization of the internet.
Borget also announced that Sandbox aims to build an open & discrete metaverse that can compete with the likes of big tech’s metaverse. Sandbox launched its first metaverse alpha test which has become one of the most narrated start up ideas in a short span of time.
Sandbox is a blockchain-based video game platform that has specifically gotten famous for its virtual land sales while some of them getting sold for millions. Recently the company secured its new round of funding led by the Japanese Conglomerate SoftBank worth $93 million. The investments also happen to be the first one for the SoftBank Vision Fund 2.
The bright future of metaverse is more real than itself, while the internet transitions from one form to another, it is expected sophistication of various developers to protect the data & privacy of the consumer & the format of web 3.0 alludes to the smart & sophisticated.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
