Are these metaverse projects a threat or an opportunity?

Metaverse projects have proved that what we felt was impossible once, cryptocurrencies and blockchain have potentially brought that in the real-world. A virtual world that allows us to interact with people across the globe. A world that offers an opportunity to businesses to thrive and flourish. Mark Zuckerberg, the co-founder of the social media giant Meta, formerly known as Facebook Inc. believes that it is just a mysterious techno realm as an embodied internet. In such a world we just do not view some content, but can be in it. Indeed, more major firms across the globe are looking to get a grasp of it.

Roblox player explains the metaverse

Zuckerberg’s move to colonize metaverse followed his 8-year-old son, Anton’s obsession with the gaming platform roblox. According to Facebook co-founder, his son and his third-grade friends in Brooklyn are proud members of the game. He further cited that when Anton and his friends experienced a three-day outage over the Halloween weekend, they were like in their version of the Cuban missile crisis.

At the time of outage, Anton warned Zuckerberg about hackers, as they believed that the strike was by a shadowy hacker.

It is notable that playing games like Roblox, Minecraft, and Fortnite feels like swapping the flat world and social media into something more immersive. When asked to Anton to take along his digital Neverland, he managed to distill the essence of the place as competently as any venture capitalist steering a Tesla down Sand Hill Road. The boy highlighted that we are about to get into a different world.

It was then, Zuckerberg observed that the game contained millions of role-playing games from independent developers. Within minutes anyone was able to shift their work. But noting the platform, he believed that was not the future of his son’s future in a robot dominated workplace.

Anton was thrilled to earn enough Blockbux, the in-game virtual currency that is used to furnish a modest ranch house. The boy was able to make his own rule in the game, was able to ride a bike, own a house, throw a party, get a job, and much more.

One thing was significant to note that no one in the game was known to each other, and none of them were interacting with each other. Still, they were all enjoying jogging from room to room with the Lego-like character.

Focus on to covet and acquire

Playing Roblox at a deeper level seemed to hum with succession-level spirit. Much of the good stuff is there for sale. Accomplishing tasks, players can earn the in-game virtual currency. Notably, the players can also buy these in-game currencies for real money.

Last year, an Australian kid racked up an $8k bill from his parent’s bank account, as per reports. The boy used the funds to obtain more Roblox in-game currency.

Following the scenario, the world should comprehend that it is not always about winning or losing. But coveting and acquiring.

What the 8-years-old boy explained, we essentially have observed why fresh and professional gamers look for any angle to build up a spectacular menagerie that even the Joneses would want to keep up with.

Metaverses have plenty of come-ons

Just like the real world, Metaverse is going to introduce plenty of real-world things. According to Anton, the starter egg that has spawned a puppy was free but wanted a cooler one for which he had to pay up. Likewise, the boy dropped more money to make it a winged Fly Ride Dog which he could soar on, just like a pegasus.

Indeed, the more exotic the pet, the more the cost. It is also noteworthy how these artificial scarcity was driving the prices even further. The boy simply had to have a limited-edition frost fury. Notably, the wingless white dragon is now highly coveted and only available through trade for a hefty haul. Surprisingly, the only reason behind that was its uniqueness, its rarity, and beauty.

Moreover, these boys are also swapping assets with zeal consulting online value charts like pint-size Wall Street quants.

We also found a mercantile spirit exhilarating and wearying, which reminds the negative commentary of the pundits who have expressed horror that the metaverse will turn out to be one more suffocating blanket of technology.

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Although these metaverse projects are promising and truly innovative as ever before, we are ones who should decide how we will use them. We need to take steps without destroying our lives and nature. These innovations are going to offer things beyond imagination, but we cannot get attracted to forgetting our real existence. Metaverses have enormous potential and these virtual worlds will surely offer incredible opportunities to everyone including businesses and enterprises. However, we just need to make sure that we will not allow the metaverse to tear us apart from reality.