Sandbox co-founder Sebastien Borget wants to protect the metaverse from a monopoly from tech giants aimed at nascent markets.
ininterviewBorget recently said he was less interested in tech giants like Meta joining the metaverse, adding that he explained that big tech companies can threaten the metaverse’s decentralization when their business models go against it.
The Sandbox co-founder goes on to say that this isn’t about competition. It is about an open and decentralized future. The tech giant has a monopoly over Web 2.0, which Web 3.0 technologies such as metaverse and crypto want to destroy.
“We don’t think those companies will be able to create something truly fun that caters to their users. Because they prioritize their core business model and how to please their shareholders rather than the users who own their assets. which owns the governance of its own platform.”
Facebook rebrands itself as Meta to focus on the virtual world. The social media giant has shifted its focus to becoming the top tech giant in the metaverse after failing to launch Universal Stablecoin.
while Facebook, which has mismanaged user data It has created distrust among many people. And the company’s business model worries The Sandbox’s co-founders.
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