The metaverse: rather without Meta and company? – News

The Googles and Metas of this world see some bread in the metaverse, but is that also the best step forward? Smaller companies are also making their way into the digital environment. “Great technology does not put the interests of the user first.”

Will we all be living in the metaverse soon? In this hypothetical online universe, formed by virtual Y augmented realityusers can practice various aspects of their personal and professional lives as if they were in the physical world.

That metaverse, or Internet 3.0, will continue to expand in 2022. Three experts from the metaverse business community attended the annual Tech.eu summit in Brussels to tell us how they estimate the direction technology is headed.

Decentralization

The introduction of the metaverse caused much anticipation. Meanwhile, the concept is reaching cruising speed, with the associated investments from the tech and financial world, and inevitably also high expectations in terms of future market value. Giovanna Graziosi Casimiro (metaverse producer at Decentraland), Rahim Attaba (VP of The Sandbox) and Simon Foucher (CEO of Metav.rs) therefore came to Brussels with a clear and shared message: the metaverse must remain decentralized, and interconnectivity and interoperability must be paramount, along with security and reliability.

They referred to the potentially disruptive impact when players like Google and Meta (the parent company of Facebook, Instagram and Whatsapp, ed.d.) participate fully in the metaverse. “Great technology does not put the interests of the user first,” it sounded. The fear is not unfounded, because Meta makes it clear that his future success depends on the metaverse. But the trajectory Meta took to his current position of power doesn’t exactly look positive. ‘So the future belongs to the ‘smaller’ metaverse companies, all three speakers said, ‘because they can give more back to the user.’

Non-fungible tokens

Specific technologies must be given a central place in that metaverse and ensure that the physical and digital worlds increasingly merge. Think about wearableavatarsartificial intelligence, but certainly also to non-fungible tokens or NFT. In the metaverse, NFTs provide the ability to express yourself as a person and provide users with true property† Those are two important elements, just like in the physical world.

In that sense, NFTs offer a great market opportunity. Most people see NFTs as a new form of speculation, topped off with a commercial sauce of self-expression, according to questions from the audience. According to the panelists, this picture stems primarily from attention to juicy stories about speculation, and has less to do with NFTs themselves. ‘NFTs have value. They have their use in daily life and will become more established.’

digital art galleries

A concrete application of NFTs lies, for example, in how we will enjoy art in the metaverse. For art galleries, NFTs present a huge market opportunity. They can use it to extend their exhibits into the digital world. For example, the Louvre is currently fully exploring the possibilities of adding NFTs to its collections. The blockchain principle behind NFTs offers an infallible guarantee against counterfeiting. And yes, trading art (read: digital works) can also be done in a sealed way. Thanks to blockchain technology, you can closely monitor the trade of works, and the creator can also secure a percentage on the resale of his work.

Will we all be living in the metaverse soon? In this hypothetical online universe, made up of virtual and augmented reality, users can practice different aspects of their personal and professional lives as if they were in the physical world. That metaverse, or Internet 3.0, will continue to expand in 2022. Three experts from the metaverse business community attended the annual Tech.eu summit in Brussels to tell us how they estimate the direction technology is headed. The introduction of the metaverse caused much anticipation. Meanwhile, the concept is reaching cruising speed, with the associated investments from the tech and financial world, and inevitably also high expectations in terms of future market value. Giovanna Graziosi Casimiro (metaverse producer at Decentraland), Rahim Attaba (VP of The Sandbox) and Simon Foucher (CEO of Metav.rs) therefore came to Brussels with a clear and shared message: the metaverse must remain decentralized, and interconnectivity and interoperability must come first, along with security and reliability. They touched on the potentially disruptive impact when players like Google and Meta (the parent company of Facebook, Instagram, and Whatsapp, ed.) fully participate in the metaverse. “Great technology does not put the interests of the user first,” it sounded. The fear is not unfounded, because Meta makes it clear that his future success depends on the metaverse. But the trajectory Meta took to its current position of power doesn’t look exactly positive. “So the future belongs to the ‘smaller’ metaverse companies, all three speakers argued, ‘because they can give more back to the user.’ Specific technologies must be given a central place in that metaverse and ensure that the world physical and digital merge more. Think of wearables, avatars, artificial intelligence, but certainly also non-fungible tokens or NFTs. “In the metaverse, NFTs offer the opportunity to express yourself as a person and give users real ownership. Those are two important elements, just like in the physical world. In that sense, NFTs offer a great market opportunity. Most people see NFTs as a new form of speculation, topped with a commercial sauce of self-expression, according to the questions from the audience. According to the panelists, this picture stems mainly from the attention for juicy stories about speculation, and has less to do with NFTs themselves. ‘NFTs have n value. They have their uses in everyday life and more will be established.” “A concrete application of NFTs lies, for example, in how we will enjoy art in the metaverse. For art galleries, NFTs present a huge market opportunity. They can use it to extend their exhibits into the digital world. For example, the Louvre is currently fully exploring the possibilities of adding NFTs to its collections. The blockchain principle behind NFTs offers an infallible guarantee against counterfeiting. And yes, trading art (read: digital works) can also be done in a sealed way. Thanks to blockchain technology, you can closely monitor the trade of works, and the creator can also secure a percentage on the resale of his work.

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