There have been many metaverse cryptocurrency projects that are doing very similar things as Meta but they are doing it in more of a decentralised capacity as their metaverses aren’t controlled by one single entity such as Meta. Due to this, there has been a lot of both Internet and funds poured into this sector as the digital cryptocurrencies are paired with the blockchain VR social platforms and they will have the final word on how things will be governed and overseen in the metaverse sector.
One of the reasons why these VR projects are so popular is due to people having the ability to be anyone they want, and they can do whatever they would like to do inside them. They have an endless set of possibilities and big companies such as Facebook (Meta) are recognizing this as the next evolution of social interaction for the many years to come.
Meta vs Decentralised Metaverse
One of the reasons why people are seeing through the reason for Facebook’s name change to Meta is that they will still be the entity that governs their social platform as they have done previously. This only adds to the ever growing dislike of these conglomerates that seek to maintain the chain of power for themselves rather than share the actual control of the platform with its users. Meta saying they are a metaverse is using the aspect of the illusion of choice for its users, it states that it will be a VR social platform but it doesn’t actually allow its users to decide what they would like it to look like or tolerate during the time they spend on the platform.