The Sandbox co-founder Sebastien Borget wants to defend the Metaverse from the Big Tech giants aiming to make a foray into the nascent market.
In a recent interview, Borget said that he is not very keen on big tech companies such as Meta joining the Metaverse. He explained further that major technology companies could threaten the decentralization of the Metaverse as their business model goes against it.
The Sandbox co-founder went on to add that it’s not about the competition, rather more about an open, decentralized future. Tech giants hold the monopoly over Web 2.0, something the Web 3.0 technologies like the Metaverse and crypto are trying to break. Borget explained:
“We don’t think those companies can build something truly fun that’s catered to the users because they’ve been so focused on their key business model and how to satisfy shareholders rather than satisfy users who own the asset, who own the governance of their own platform.”
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