Facebook Trying To Build The Metaverse Responsibly

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Zuckerberg is at it again. He announced the company is going to spend $50 million to build the Metaverse in a responsible way.

In this video I discuss how much this goes against the basic premise of the Metaverse and what it will be designed for.

Here is the article mentioned in the video:

https://decrypt.co/82044/facebook-50-million-build-metaverse-responsibly


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6 comments
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Bang, I did it again... I just rehived your post!
Week 76 of my contest just started...you can now check the winners of the previous week!
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Is the current Metaverse irresponsibly done in his estimation? The ZUCC will come in and make everything conform to the good...
Worked well so far lol

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Marky can do what he wants with his money except generate a profitable social network, for me Marky only generates control over the lives of people with Facebook just like Netflix. I don't think that one day I will get out of bed and think differently

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I believe their main play is to create the operating system of the metaverse and hope that others will build upon it while they siphone off all the data gold. They are still actively working on their LIBRE coin and I am sure they hope that it will become the currency of the Metaverse.

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Summary:
In this video, the speaker discusses the concept of the metaverse, particularly focusing on Mark Zuckerberg's involvement and Facebook's efforts in this space. The speaker expresses skepticism towards Facebook's role in developing the metaverse and emphasizes the importance of decentralization in the development of such projects. They highlight the need for a larger community of developers working on decentralized networks and open-source software to counter the dominance of big tech companies like Facebook.

Detailed Article:
The video opens with the speaker addressing the topic of the metaverse, which has gained significant mainstream attention recently. Mentioning an article on Decrypt about Mark Zuckerberg's push towards the metaverse, the speaker acknowledges Zuckerberg's role in bringing mainstream acceptance to the concept. However, they express their skepticism about Facebook's involvement in building the metaverse, highlighting the company's credibility issues and data privacy concerns.

The speaker discusses the evolving nature of the metaverse, emphasizing that it is a complex and dynamic concept that will undergo gradual development over the next few decades. They stress that the metaverse is not a project that can be fully realized overnight but requires continuous evolution. Concepts such as Web 3.0, digital avatars, digital identity, and multiverses are cited as key components of the metaverse.

A critical point raised by the speaker is the importance of decentralization in the development of the metaverse. They argue that projects like Facebook, despite their resources, cannot be trusted to lead this effort due to their centralized control and profit-driven motives. The speaker calls for a larger community of developers committed to open-source principles to drive innovation in the metaverse and counter the influence of tech giants like Facebook.

The discussion extends to examples of decentralized platforms like Hive and projects that prioritize decentralization from their inception, contrasting them with centralized models controlled by corporations. The speaker highlights the need for a shift towards decentralized development and the empowerment of a vast network of developers to challenge the dominance of existing tech giants in shaping the future of the metaverse.

In conclusion, the speaker emphasizes the critical role of decentralization, open-source collaboration, and a diverse community of developers in shaping the metaverse. They caution against centralized control by big tech companies like Facebook and advocate for a more democratized and inclusive approach to building the metaverse.

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