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Big tech is a threat to the decentralized metaverse, The Sandbox co-founder cries out By BTC Peers

by Mike Robinson

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The decentralized metaverse is under threat from big tech, The Sandbox founder cries.

According to The Sandbox’s co-founder Sebastien Borget, the open metaverse is at risk of being overrun by Big Tech companies.

Borget, who serves as the company’s chief operating officer, reportedly told the South China Morning Post that his “biggest consideration” was defending the decentralized metaverse against big companies like Meta, formerly Facebook (NASDAQ:).

The users have the right to decide how their platform, or community is managed in a distributed metaverse. However, the COO claims that these tech giants’ business models are against decentralization principles.

BTCPEERS reported that Facebook changed its name from Meta to Meta recently, indicating a foray into virtual reality. Other tech giants like China’s Tencent Holdings (OTC:) and NetEase (NASDAQ:) have also jumped on the trend. Borget opined that the metaverse is disrupting the internet by “bringing down the old guard” using decentralized techs like blockchain and digital assets.

We want to create an open metaverse capable of standing up against the Web 2.0 competition.

Like Borget, crypto enthusiasts and retail players view Big Tech firms, especially as adversaries of the decentralized metaverse. Borget said this:

These companies don’t have the potential to build anything truly enjoyable that caters to users. They’re so focused on how they can satisfy shareholders and their core business model, rather than the needs of users.

SCMP is currently partnering with The Sandbox in order to create virtual experiences.

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