Meta, The Sandbox, Decentraland: which metaverse will dominate the world?

If you want peace, prepare for war – that metaverse, virtual social space that intertwines with the real world, constantly attracts new followers. The evidence of the economic potential of these new virtual spaces then excited the enthusiasm of the web 2 giants. Even if cryptocurrencies and NFT experiences bitter defeat, ever redder, the metaverse emerges victorious. Bolstered by a McKinsey report predicting a value of 5 trillion dollars by 2030, it goes well with the metaverse. Therefore, some web 2 companies like Microsoft or even Meta monopolize the metaverse. Others, born with blockchain, continue to shape this virtual world by offering another way to conceptualize reality. Sandkassen and Decentraland could be considered their figureheads. In this war, which has only just begun, some are gaining the upper hand over others: this is the case with Meta.

In the cryptocurrency war, Meta lays down its weapons…

meta, earlier facebook, has never hidden his desire for web 3. Using NFT on instagram or soon Facebookis the social media giant also developing its metaverse: HorizonWorld. But in this war marked by many victories, Meta abandons the project of its Novi cryptocurrency wallet.

The adventure of the company, led by Mark Zuckerberg, with cryptocurrencies therefore close to this closure, which looks like a failure. The lack of setup of stablecoin Librarenamed daily allowance, rises to the surface. This token was intended to be the initial cryptocurrency of the Meta ecosystem.

Nevertheless, in its conquest of web 3 and its desire to benefit from the economy that accompanies it, Mark Zuckerberg announced it in June Facebook Pay became Meta Pay, marking a further step towards a digital economy that will allow exchanges in the metaverse.

“Going forward, there will be all kinds of digital items you might want to create or buy digital clothing, art, videos, music, experiences, virtual events and more. Proof of ownership will be important, especially if you want to take some of these items with you to different departments. Ideally, you should be able to log into any metaverse experience, and whatever you bought should be right there. There’s a long way to go. But this kind of interoperability will provide a lot better experiences for people and greater opportunities for creators. »

Mark Zuckerberg – Source: Facebook

Will Marc Zuckerberg, the head of Meta, dominate the metaverse?

… to better dominate the metaverse market

that metaverse is therefore the sinews of war for Meta who registers as a valiant conqueror rich on his VR headset. The company then seizes 90% of the market. IDC, the world’s leading provider of technology market intelligence, armed with global, regional and local expertise, explains this result. In fact, according to a recent report from the company, Meta would rule over a significant territory of the metaverse, namely VR headsets:

“Meta has increased its share and captured 90% of the market, with Quest 2 remaining hugely popular and Meta continuing to offer more exclusive content while supporting hardware. Meta is followed by Pico, ByteDance, with a share of 4.5%. »

The performance of Quest 2 VR headset is thus emphasized. However, user expectations in light of the harsh reality of this helmet cause some disappointments. This clunky, unattractive helmet provides access to a universe where everything must be done in terms of realism.

Will Meta’s metaverse fall out?

In this metaverse, it costs 10 billion dollars and who does significant losses at the start of 2022IDC emphasizes that the strategic choice of Meta is not the most relevant. Jitesh Ubrani, research director at IDC’s consumer device mobility and tracking service, expresses the challenges the social media giant may face going forward:

“Meta is still pouring dollars into the development of the metaverse. Nevertheless, the strategy promoting cheap equipment at the expense of profitability is not viable in the long term (…). The good news is that Meta’s upcoming productivity-focused headset will serve as a starting point for the company’s transition to higher revenue-generating hardware.. »

In this war, where the helmet still seems to have an important place, Meta is permanently winning despite some defeats. Tired of the search for optimal realism for its users, the design of the metaverse proposed by the king of social networks is the opposite of the metaverses born with blockchain such as Decentralized country or The sandbox.

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The sandbox: a metaverse born with blockchain

From the beginning, a the difference is striking between the two metaverses. While one offers a mirror image of reality, the other offers a pixelated world where anything is possible. Worth on ethereum blockchain, the metaverse of The Sandbox, cut into plots, is also strong with many owners of varied fame such as Carrefour, Slipknot, Jamiroquai or even the Smurfs and Dinovox. Each therefore offers its own universe on its own land.

This metaverse is built from pixels and then offers several interconnected universes. Its NFT Voxedit editor also allows anyone create your universe or even your NFT which will evolve in the metaverse of The Sandbox.

hsbc sandbox
The Sandbox, leading cryptocurrency metaverse

The sandbox, a metaverse to conquer blockchain

While Meta struggling to adapt to cryptocurrenciesa revolutionary web 3 phenomenon, Sandkassen is proud of a strong ecosystem. Her cryptocurrency TRUE need not be ashamed of his achievements in this dark period.

Installed on the Ethereum blockchain, however, the pixelated metaverse encounters difficulties. Transactions are sometimes slow and ether transaction fees (gas fees) sometimes very high. However, it should be noted that they have reached their record low this week.

Carried by the voice from Sebastien Borgetthe founder of the metaverse, The sandbox has announced the spread of its lands on Polygon (MATIC). Metaverse users who want to make an effort to move to blockchain polygon will receive rewards in mSAND. mSAND corresponds to SAND on the Polygon blockchain. that layer 2 therefore avoiding fees on Ethereum via bridges (called bridge) gateways to transfer cryptocurrencies from one blockchain to another. Users then avoid a congested network and sometimes excessive fees.

This move improves and facilitates exchanges within the metaverse game. Polygon, carbon neutral blockchain, will then provide the opportunity to stake lands and cryptocurrencies. It will later be possible to sell NFTs on the blockchain.

Thus, this battle of David against Goliath seems to take different directions of conquest. One chooses augmented reality technology, the other prefers blockchain development open to all partnerships.

A still embryonic metaverse

Other metaverses are born and offer possibilities that also interest users. In this way Decentralized country continues to grow and attracts an increasingly loyal community. Roblox or even Alt Space VR is also developing outside of blockchain.

It must then be taken into account that the metaverse market is growing. Let’s go back to the IDC report mentioned at the beginning of this article. The data underscore this still young condition. Also, if we compare with the first quarter of 2021sales of VR headsets used for the metaverse increased by 241% in the first quarter of 2022.

The Metaverse: A Coveted War Chest

Also, don’t forget that other giants are watching the metaverse. Apple despite its hatred of NFTs continues to develop his virtual helmet, which arouses the curiosity of his fans:

“All eyes will be on Apple when it launches its first headset next year, and while it’s tempting to imagine the company shipping large quantities, let’s keep in mind that this is its first headset that will primarily appeal to a small audience of early adopters and Apple fans (… ) Subsequent iterations will likely to show a development that will grow by leaps and bounds. Meanwhile, companies like Meta and Sony already have a strong installed base and pent-up demand they can tap into. All in all, this is a strong driver to drive the market forward. »

Microsoft also wants to conquer the metaverse

Microsoft or Sony also develop technologies borrowed from web 3. The Metaverse market is still too young to decide who will win the battle. It is clear that on our left we have the Meta, weakened by the failure of its cryptocurrency and consumption in the face of a metaverse that does not bring it enough, and on our right The Sandbox, treasure of many influential people and companies, born with the net 3. The others then gravitate in the middle.

A recent consortium however, began to draw the outlines of a metaverse regulated, interconnected, and meeting the same standards for all. As politicians trying to resolve a diplomatic crisis, everyone wants to meet for conferences. All together, web 2 and web 3 giants (Sony, Huawei, ImmutableX..) then agree that the metaverse should be open to as many people as possible. To meet this technological challenge, it seems that Meta and its colleagues want to join forces, despite the absence of Google and Apple.

You have a right to not understand anything about the metaverse. On the other hand, not being interested in Bitcoin is inexcusable! Don’t wait any longer to prepare for the future by going to registration on the Binance platformTHE absolute benchmark in the sector (affiliate link).

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