Big Tech threatens open, blockchain-based metaverse, says The Sandbox founder


Source: scmp.com scmp.com

Key Topics in this News Article:

News Snapshot:

Big Tech firms could threaten an open metaverse, as their business models go against a decentralised internet where users own their digital assets, the co-founder of the blockchain-based video gaming platform The Sandbox said. The Sandbox chief operating officer Sebastien Borget said his primary consideration right now is how to defend the metaverse against forays by Big Tech firms like Meta, the owner of Facebook that recently changed its name to reflect commitment to the new trend. Chinese tech giants like Tencent Holdings and NetEase have also sought to capitalise on the trend. It is more than just competition, the...