The Metaverse: Will it be a decentralized haven or a centralized tyranny?
Corporate-owned social media giant Facebook is getting ready to track you to the ends of the Metaverse and back — if you let them. Last week, Facebook rebranded to Meta and announced its plans to kickstart the development of the Metaverse — an entirely new way of interacting and navigating the internet. Now, the Metaverse landscape has a multi-billion dollar corporate behemoth vying for the helm, which has made its future all the more uncertain.Whether we like it or not, major corporations will likely play a major role in how the Metaverse develops and evolves. But will it be plagued by....
Related News
It's often the top priority for VCs and angel investors that businesses comply with relevant regulations, not decentralization, for growth. In a series of tweets posted on Tuesday, Jack Dorsey, the co-founder and former CEO of Twitter, as well as the founder and CEO of Square (now Block), voiced his criticism over the direction of Web 3.0 development. Elon Musk, the CEO of Tesla, joined Dorsey in the mockery. On an unrelated note, the same day, Dorsey replied, "Bitcoin will" when asked if crypto will replace the dollar.Within context, Web 3.0 is a decentralized version of the virtual world....
Video games, the Metaverse and NFTs. Binance NFT has become the largest centralized gaming NFT marketplace. See what the team has accomplished and how Binance NFT is building the Gaming Metaverse.
Main Takeaways:
Since June, Binance NFT has become the world’s largest centralized NFT gaming marketplace, successfully on-boarding over 60 gaming projects and selling over 1 million gaming NFTs.
Binance NFT has recently launched the first-ever Initial Game Offering (IGO) as part of the vision to build a home for NFT gaming, but most importantly, a....
Centralized exchanges are the brunt of a lot of criticism in the crypto world, but there’s no denying that they’re still the most popular way to trade digital assets. That’s why Next Earth’s upcoming listing on a major CEX is a big deal – it opens up their metaverse token, NXTT, to a much wider […]
Facebook’s metaverse plans have caused discomfort in the crypto community, but there’s every reason to believe in a decentralized future for metaverses. Facebook has been planning its foray into the metaverse for some time now — possibly even several years. But it’s only recently that its ambitious expansion plans have catapulted the concept into mainstream headlines across the globe. Renaming the parent company to Meta was perhaps the biggest, boldest statement of intent the firm could make. Suddenly, major news outlets were awash with explainer articles, while finance websites have been....
Find out what differentiates centralized and decentralized digital networks—and which structure is right for your organization. Disadvantages of centralized and decentralized networksCensorship, limited scalability and security issues are some of the downsides of centralized networks. Meanwhile, lack of clarity, high setup and maintenance costs, and volatility are the weak points of decentralized networks.In a centralized system, there is often a single point of failure. If the central authority is compromised, it can bring down the entire system — a major disadvantage, especially in....