If you want peace, prepare for war – the metaverse, virtual social space, pendant in the real world, constantly attracting new followers. Evidence of the economic potential of these emerging virtual spaces then aroused the enthusiasm of web giants 2. Even if cryptocurrencies and NFT suffered a bitter defeat, which is redder, the metaverse came out victorious. Confirmed by a McKinsey report that predicts the amount of $ 5 trillion by 2030, works well in the metaverse. Therefore, some web 2 companies like Microsoft or even Meta monopolize the metaverse. Others, born with a blockchain, continue to shape this virtual world by offering another way of conceptualizing reality. Sandbox and Decentraland can be considered their figureheads. In this war that has only just begun, some have won over others: this is the case with Meta.
In the cryptocurrency war Meta lays down arms…
Meta, ago Facebook, never hid his desire for the web 3. Using NFT to instagram or soon Facebookthe social media giant is also developing its metaverse: HorizonWorld. However, this war was marked by many victories, Meta left the project with its Novi cryptocurrency wallet.
The company’s ventures, led by mark zuckerberg, with cryptocurrencies so close to this closing as a failure. Failure to set up stablecoin to Libraname changed diem, climbing to the surface. This token is intended to be a native cryptocurrency in the Meta ecosystem.
However, with his conquest of web 3 and his desire to take advantage of the economy that comes with it, Mark Zuckerberg announced in June that Facebook fees became Meta Pay, marking a further step towards a digital economy that will allow metaverse exchanges.
“Going forward, there are all sorts of digital things you can do or buy in digital clothing, art, video, music, experiences, virtual events, etc. Proof of ownership is important. , especially if you want to take some of these things with you to different departments.In fact, you need to be able to log in to any metaverse experience and what you bought should be there.There is a long way to get there. However, this kind of interoperability will provide better experiences for people and more opportunities for creators. »
Mark Zuckerberg – Source: Facebook
… to further dominate the metaverse market
the So the metaverse is the roots of the battle for Meta registering as a brave conqueror rich in his VR headsets. The company immediately seized it 90% of the market. IDC, the world’s leading provider of intelligence to the technology market, is armed with global, regional and local expertise, explains this result. In fact, according to a recent company report, Meta dominates a significant territory in the metaverse, which is in VR headsets:
“Meta has increased its share, capturing 90% of the market, with Quest 2 remaining more popular and Meta continuing to offer even more exclusive content while supporting hardware. Meta is followed by Pico, ByteDance, with a 4.5% share. »
The performance of Quest 2 VR headset thus lined up. However, the expectations of the users in the face of the harsh reality of this helmet caused some disappointment. Large, unattractive, this helmet provides access to a universe where everything remains to be done about realism.
Will Meta’s metaverse disappear?
In this metaverse cost $ 10 billion and who made big loss at the start of 2022the IDC emphasizes that the strategic choice of Meta is not the most relevant. Jitesh Ubrani, Research Director of IDC’s Mobility and Consumer Device Tracking Service, outlined the challenges the social media giant may face in the future:
“Meta is still pouring dollars into metaverse growth. However, the strategy to promote cheap equipment cost profit can not survive in the long term (…). The good news is that the upcoming Meta productivity-focused headset will serve as a starting point for the company to pivot to higher-end hardware to generate revenue.. »
In this war where the helmet seems to have an important place, Meta remains permanent despite some defeats. Tired of searching for optimistic realism for its users, the metaverse design proposed by the king of social networks is the antithesis of metaverses born with blockchain such as Decentraland or The Sandbox.
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The Sandbox: a metaverse born with a blockchain
From the beginning, a The difference is striking between the two metaverses. While one offers a mirror metaverse of reality, the other offers a pixelated world where everything is possible. Hosted by ethereum blockchain, the metaverse of The Sandbox, cut into designs, is also strong with many owners of varying fame such as Carrefour, Slipknot, Jamiroquai or even the Smurfs and Dinovox. So each one sacrifices his universe to his land.
Constructed of pixels, this metaverse then offers multiple interconnected universes. The NFT Voxedit editor also allows anyone create your universe or even your NFT to develop the metaverse of The Sandbox.
Sandbox, a metaverse to overcome the blockchain
While Meta struggling to adapt to cryptocurrenciesa revolutionary web 3 phenomenon, Sandbox prides itself on a robust ecosystem. his cryptocurrency SAND there is no need to be ashamed of its results in this dark time.
Installed on the Ethereum blockchain, the pixelated metaverse nonetheless faces difficulties. Transactions are sometimes slow and ether transaction fee (gas charge) sometimes very high. Notice instead that they have already reached their low record this week.
Carried by the voice of Sebastien Borgetbuilt the metaverse, Sandbox announces deployment of its Polygon (MATIC) lands. Metaverse users will try to move to the blockchain polygon receive mSAND rewards. MSAND is the SAND equivalent of the polygon blockchain. the layer 2 thus avoiding the Ethereum fee via bridges (called bridge) gateways to move cryptocurrencies from one blockchain to another. Users avoid a congested network and sometimes very high fees.
This move improves and speeds up exchanges within the game metaverse. Polygon, carbon neutral blockchain, will immediately offer the possibility of staking lands and cryptocurrencies. Later it may be possible to sell NFTs on the blockchain.
This battle of David against Goliath seems to take a different direction of conquest. One chooses augmented reality technology, the other prefers blockchain development that is open to all partnerships.
An embryonic metaverse still
Other metaverses have been born and offer possibilities that will also interest users. In this way Decentraland continues to grow and attracts a more loyal community. Roblox or even Alt Space VR is also evolving outside of the blockchain.
It has to be borne in mind that the metaverse market is growing. Let’s go back to the IDC report mentioned at the beginning of this article. The data highlight this juvenile state still. Also, if we compare it to the first quarter of 2021sales of VR headsets used for the metaverse increased 241% in the first quarter of 2022.
The Metaverse: A Desired Ark of War
Also, don’t forget that other giants are looking at the metaverse. Apple despite its hatred of NFTs continues to develop its virtual helmet which arouses the curiosity of its fans:
“All eyes are on Apple when it launches its first headset next year, and while it’s tempting to imagine the company shipping high volumes, let’s keep in mind that this is the first headset that will first appeal to a small audience of early adopters and Apple fans (…) The subsequent returns are likely to show an evolution that grows through leaps and bounds. Meanwhile, companies like Meta and Sony have a solid installed base and hidden needs that they can tap into. Overall, this is a strong driver to keep the market going. »
Microsoft or Sony is also making progress technologies borrowed from the web 3. The metaverse market is too young to determine who will win the game. It is clear that we have on our left Meta, vulnerable to the failure of its cryptocurrency and spending in front of a metaverse that does not carry it enough, and on our right The Sandbox, loved by many influential people and companies, born with the garment 3. Some then snap in the middle.
A new consortium however began to paint fragments in a metaverse that were regulated, interconnected and met the same standards for all. Like politicians trying to resolve a diplomatic crisis, everyone wants to meet at conferences. All of them, web 2 and web 3 giants (Sony, Huawei, ImmutableX ..) will then agree that the metaverse should be open to as many people as possible. To address this technological challenge, Meta and its partners seem to want to work together despite the loss of Google and Apple.
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