The Metaverse needs to keep an eye on privacy to avoid Meta’s mistakes
Meta has shaken public trust when it comes to data privacy, and the wider Metaverse must temper users' concerns by learning from Meta’s mishaps. Metaverse skeptics fear the prospect of unprotected data and large-scale user surveillance on a scale never seen before. Ironically, the largest company pushing the Metaverse, Meta (previously known as Facebook), has faced its own fair share of privacy scandals in the internet’s current iteration, culminating in Mark Zuckerberg being infamously hauled before the United States Congress to answer for Facebook's inability to combat hate speech and....
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Have you ever found yourself explaining cryptocurrency to someone who knows little or nothing about it? When you know a lot about a topic, it can be difficult to describe it to those with much less base knowledge than yourself. Check out these four mistakes you might be making, and how to fix them to achieve a better understanding from those you converse with. 4 Mistakes to Avoid When Explaining Cryptocurrency to Newcomers 1. Don’t Use the Word “Cryptocurrency” — Really. You likely know that “crypto” is short for “cryptographic,” but many or most newcomers will not. And even if they did,....
On this week’s episode of “The Market Report,” Cointelegraph’s resident experts discuss nine of the worst mistakes you can make in crypto. “The Market Report” with Cointelegraph is live right now. On this week’s show, Cointelegraph’s resident experts discuss the worst mistakes you should avoid making in crypto.But first, market expert Marcel Pechman carefully examines the Bitcoin (BTC) and Ether (ETH) markets. Are the current market conditions bullish or bearish? What is the outlook for the next few months? Pechman is here to break it down.Next up: the main event. Join Cointelegraph....
Frances Haugen, Facebook whistleblower at large, has now turned her focus to the Metaverse. She is worried about how Meta will handle privacy and intensely sensitive information. Facebook whistleblower Frances Haugen has taken aim at Meta in a new interview, suggesting that its version of the Metaverse will simply repeat all of its past mistakes.In an interview with Politico, Haugen said:"They've made very grandiose promises about how there's safety-by-design in the Metaverse. But if they don't commit to transparency and access and other accountability measures, I can imagine just seeing a....
Meta (formerly Facebook) officially declared its entry into the metaverse space last year with the Reality Labs division. Its announcement had understandably triggered the popularity of metaverse projects and their tokens during this time, as a lot went on to rally to billions of dollars in market cap. However, while Meta had been able to trigger positive growth for other metaverse projects, it has been unable to do so for itself as it reports another quarter of massive losses. Meta’s Reality Labs Records Losses Since Meta’s entry into the space via its Reality Labs division, the tech....
“This is obviously a very expensive undertaking over the next several years,” said Mark Zuckerberg. Meta’s virtual reality (VR) and metaverse division Reality Labs has posted its seventh straight quarter of losses, but CEO Mark Zuckerberg remains steadfast in investing in the technology, which he calls a "massive opportunity.During Meta’s Q2 earnings call on July 27, Zuckerberg acknowledged that such losses could continue for several more years until VR applications and its Metaverse platform are mature enough to tap into the “massive opportunity” worth “hundreds of billions of dollars”....