In recent weeks as Facebook announced it was rebranding to the name “Meta” it has sparked a renewed interest in metaverse cryptocurrency projects. Meta will be creating a VR (Virtual Reality) metaverse where people can socialise together on a more interactive scale than they previously could. There are other metaverse projects around and they are quite different from Meta. Here, the key difference is the use of blockchain. The Meta’s metaverse is expected to be controlled and maintained by themselves, which is unlike what is seen in the blockchain metaverse where the control of the project is distributed across thousands of users. This is a powerful thing to distribute control as it takes power away from the single entity by putting power in the hands of the many rather than the few. Metaverses have become increasingly popular among millions around the world due to there being an endless amount of possibilities to who a person can be and what they can do in them. The lure of escapism is one of the main drivers that attracts so many to want to be a completely different person from what they are like in the real world. As we move into a new metaverse world, many big companies are recognizing this opportunity and with Facebook showing its intent to drive this sector forward, it will only add to the funding this sector receives as new dawn arrives on what online social interaction can become. Compared to that of Meta, decentralize...
