Sandbox Co-Founder Wants To Defend Metaverse Against Big Tech

The co-founder of Sandbox, Sébastien Borget, wants to defend the metaverse of the giants of Big Tech aiming to make a foray into the emer...



The co-founder of Sandbox, Sébastien Borget, wants to defend the metaverse of the giants of Big Tech aiming to make a foray into the emerging market.

In a recent interviewBorget said he’s not too excited about big tech companies like Meta joining the metaverse. He further explained that the big tech companies could threaten the decentralization of the Metaverse because their business model goes against it.

The Sandbox co-founder added that it’s not about competition, but rather an open and decentralized future. The tech giants have a monopoly on Web 2.0, something Web 3.0 technologies like metaverse and crypto are trying to break. Borget explained:

“We don’t think these companies can create something really fun that caters to users because they have focused so much on their key business model and how to keep shareholders happy rather than satisfying the users who own it. ‘assets, who have the governance of their own platform.

Facebook renamed itself Meta to recognize its interest in the virtual world. The social media giant has changed course to become the main tech giant in the nascent virtual reality metaverse after an unsuccessful attempt to launch a universal stablecoin.

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Facebook’s record with poor user data management has created distrust among the masses, and the company’s business model worries The Sandbox co-founder.

The sandbox has closed a $ 93 million financing round led by Japanese banking giant SoftBank. He also launched the first metaverse game where people can buy virtual land, and the game has already made headlines in a $ 4.3 million virtual land sale. The Metaverse Projects combine the best of the crypto-based and virtual reality gaming ecosystem, making it one of the most sought-after projects in the crypto world.