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Decentralized Metaverse vs. Big Tech: A David and Goliath Tale

The AI Citizen

Jul 2, 2023

In the Blue Corner, the Tech Titans. In the Red, The Sandbox. Let the Battle Begin!

In the increasingly crowded arena of the metaverse, it seems we've got a battle of the ages brewing. The decentralized metaverse, championed by The Sandbox and its ilk, is up against the well-heeled, high-powered giants of Big Tech. The Sandbox has been voicing concerns about Meta (the artist formerly known as Facebook) and other tech behemoths stampeding into their humble, democratic realm. You know, because nothing screams "fair play" like billion-dollar corporations muscling in on the action.

Sebastien Borget, CEO of The Sandbox, is determined to protect his vision of an open metaverse from the encroaching influence of these tech titans. His company is all about replacing the old guard of the internet with the new kids on the block: cryptocurrencies and blockchain technologies.

Because, of course, who wouldn't want to trade in the Web 2.0 chaos for a slice of the crypto pie?

But let's not forget our friends from the East. Chinese IT powerhouses Tencent and NetEase are also circling the waters of this brave new internet.

The big question is, can the decentralized metaverse withstand the onslaught of Big Tech, or will it be swallowed up in a cloud of corporate ambition?

Oh, and here's a fun fact: The Sandbox's virtual land sales have shot up to $211 million. Looks like it's not just the big guys who know how to turn a pretty penny. Stay tuned, folks. This is one epic battle you won't want to miss.

Source: Metaverse News

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