The crypto community doesn’t want Facebook to create its own metaverse.
Recently, Facebook has conducted a large-scale rebranding, changing its name to Meta. The reasons for that are simple: the company decided to direct its efforts to create a metaverse. Of course, this event caused heated discussions globally. However, the crypto community didn’t like the idea, even though digital assets are an integral part of the Facebook vision of the metaverse. The company has long been criticised for its profit-oriented approach. This time was no exception.
While Mark Zuckerberg sees the metaverse as nothing more than an immersive virtual world, the crypto community wants it to become decentralised and fair. Therefore, some leaders of the crypto industry criticised Facebook. In their opinion, this company will make the metaverse centralised, which will make it simply meaningless.
Ben Kaselin compares Facebook’s metaverse to a tracking programme
So, recently, the Head of Research and Strategy at one of the most famous cryptocurrency exchanges AAX, Ben Kaselin, wrote an open letter to Mark Zuckerberg. “Our vision for the Metaverse has little to do with your corporatized version of a nauseating virtual reality (VR) game of ping-pong with a childhood friend in a different timezone, wearing a disorientating headset that scans everything in the room, only to be fed you the “Recommended Purchases for You” sidebar minutes later,” he wrote.
Facebook’s metaverse will be able to replace social interactions in the real world with digital immersive experiences. However, future users were not informed that everything that would happen in it would be available to Facebook, which, in addition, would own almost everything in the metaverse. Moreover, there will be no room for other companies.
In addition, it is quite obvious to many crypto experts that all these steps towards the metaverse are nothing more than a simple attempt to enter the crypto industry. Plus, Facebook wants to smooth out the consequences of the company’s crisis, during which its former employees revealed details of some dubious processes taking place inside this company. However, it’s worth noting that Facebook will still be the first social media brand to allow immersive experience since its competitors have not yet shown interest in this area.
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