With Metaverse tokens taking a -50% dive, I wanted to talk about why what we currently have is not a Metaverse, moreover, all we have is the centralized Metaverse aka the Centraverse.
This is my 501st post, welcome to the journey to financial indep…
With Metaverse tokens taking a -50% dive, I wanted to talk about why what we currently have is not a Metaverse, moreover, all we have is the centralized Metaverse aka the Centraverse.
This is my 501st post, welcome to the journey to financial independence and learning about blockchain!
The Centraverse is my way of referring to what is really the centralized Metaverse. The core concept of the Metaverse is decentralized so it’s important to call what we have now what it really is. There is no single entity that can remove you from the Metaverse in principle, but that’s what we have today.
The real Metaverse is meant to be many digital spaces that are interoperating together. The easiest way to conceptualize this is by referring to the movie Ready Player One where users could port between worlds and bring all their gear and items wherever they went. We currently have nothing like this and the closest we’ve gotten are games like Roblox, Second Life, Nintendo Miis, Snapchat avatars, Xbox avatars, Fortnite, Minecraft, and so on.
With the recent purchase of Activision Blizzard by Microsoft and then announcing cross-platform bans and block lists, I believe this had already started to conceptualize. Microsoft is attempting to become a gatekeeper for the gaming community and with it, locking in its piece of the Metaverse. Also, Gamestop announced they would create NFTs for games and the Metaverse which boosted their stocks by over 25%. This is just more fluff, they won’t be backing the Metaverse but likely just releasing collections and such. Expect more and more to be following suit and cashing in.
The only reason corporations are cashing in is because they have control. If they are able to capitalize on this before we have a truly decentralized Metaverse, then maybe they can capture the masses on their system because in comparison it will perform much better.
Now that you’ve heard everything I had to say, I’d love to hear from you. Is the Metaverse centralized? How long until we see a true Metaverse concept? Will we ever get a decentralized Metaverse? Let me know what you think about this in the comments below and don’t forget to subscribe!
