Sandbox co-founder wants to defend Metaverse against big tech

Sandbox co-founder wants to defend Metaverse against big tech. Significant Tech holds a monopoly on the Internet 2. which Net 3. technologies like Metaverse and Crypto try to disrupt.

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Sandbox co-founder Sebastien Borget wants to protect the Metaverse from the big tech giants in order to make a foray into the emerging market.

In a recent interview, Borget said he doesn’t mind much when big tech companies like Meta join the Metaverse. He went on to explain that big tech companies could threaten Metaverse’s decentralization if their business models speak against it.

The Sandbox co-founder added that it was not about competition, but about a decentralized, open future. The tech giants have a monopoly on the World Wide Web 2., which Internet 3. Technologies such as Metaverse and cryptocurrency try to disrupt. Borget explains:

“We don’t think these companies can create anything really interesting for users because they focus on their core business model and how to keep shareholders happy, rather than keeping the users who own the property, who do their administrative work Own rights. own platform. ”

Facebook changed its name to Meta to honor its focus on the virtual world. The social media giant has shifted to becoming the leading tech giant in the emerging virtual reality supermarket after a failed attempt to launch a universal stablecoin.

Related: Just do it: Nike joins the Metaverse game after acquiring RTFKT

Facebook’s profile with its poor handling of user data has aroused distrust of the community and the company’s business model that worries The Sandbox COO.

Sandbox closed a $ 93 million financing round led by Japanese banking giant Softbank. It also launched the first Metaverse game where anyone could buy virtual land, and the game made headlines with a virtual land sale of $ 4.3 million. Metaverse projects combine the best of cryptocurrency and a virtual reality-based gaming ecosystem, making them one of the most sought-after projects in the crypto world.