For the metaverse to truly take off, it’s crucial that companies collaborate. 'The power of open source far outweighs the risk of corporate domination,' multiverse_labs' katamichiww says ahead of our CryptoState2022 Southeast Asia stop with LunoGlobal
We asked Wan Wei, head of Ecosystem at Multiverse Labs, a decentralized artificial intelligence ecosystem based in Singapore that supports early-stage technology companies. She will appear at Crypto State by CoinDesk, our virtual community event tour, when it stops in Southeast Asia on Feb. 24. The discussion will explore the metaverse and its implications. The tour is in partnership with Luno, like CoinDesk owned by Digital Currency Group.
Let me use what Multiverse is building as one example to illustrate how metaverse environments can help us build a better internet.In a decentralized ecosystem and environment like the Multiverse, you own your own data. This is disruptive because it is completely different from centralized platforms where corporations own and monetize user data. With control over how public or personal data is stored, we will be able to collectively move towards a fairer internet.
The fact of the matter is that with games like Axie Infinity, people can support themselves financially. As of Aug. 9, 2021, Axie Infinity recorded 800,000 average daily users, with its daily trading volume surpassing $33 million. GameFi is fascinating because it's an elegant intersection between gaming and [decentralized finance] and should be commended for the role it plays in the future of all of our working habits.
Should we worry about single companies dominating the metaverse just like certain corporations dominate the internet today?When it comes to open and closed metaverse, the power of open source far outweighs the risk of corporate domination.
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