Within the platform, users can earn actual money from using the platform through one of the popular ways such as buying and selling land that is assigned for auctions. When using this combined with blockchain technology, it will rewrite the power book for whose hands the future of a platform should be in and that is the users themselves. It isn’t the developer/company that has the final say and this is a powerful thing to spread power across a large group of individuals. This allows the actual freedom for the users to bring up proposals of their own and then other users will vote on these proposals and the consensus will decide whether they are accepted or not. This speaks to the decentralizedmetaversecryptocurrency projects that are doing just that, they actually allow their users to decide the fate of the platform for themselves by using a system of decentralized governance. Meta saying they are a metaverse is using the aspect of the illusion of choice for its users, it states that it will be a VR social platform but it doesn’t actually allow its users to decide what they would like it to look like or tolerate during the time they spend on the platform. This only adds to the ever-growing dislike of these conglomerates that seek to maintain the chain of power for themselves rather than share the actual control of the platform with its users.
One of the reasons why people are seeing through the reason for Facebook's name change to Meta is that they will still be the entity that governs their social platform as they have done previously. For example, on August 6th, Axie Infinity generated $17 million in revenue, surpassing even Honor of Kings, one of the top mobile game published by tencent. With the seasons seemingly moving from DeFi to NFT and now to GameFi, the second half of the year was overtaken by huge gaming announcements and figures. While all categories of blockchain have been blazing hot in 2021, GameFi and Play-to-earn took the top spot with nearly 13 per cent of all investments.įootprint Analytics: Number of Investment by Category Due to this, there has been a lot of both internet and funds poured into this sector as the digital cryptocurrencies are paired with the blockchain metaverse and they will have the final word on how things will be governed and overseen in the metaverse sector. There have been many metaverse cryptocurrency projects that are doing very similar things as Meta but they are doing it in more of a decentralized capacity as their metaverses aren’t controlled by one single entity such as Meta.