“We’re not Facebook”: Building a truly decentralized metaverse

Presented by STARL

Cryptocurrency has taken center stage in the emergence of the metaverse. Developers are announcing, and sometimes launching, metaverse spaces powered by a blockchain economy. These projects come pre-loaded with hype around the ownership creators are given, and how much potential there is for users to – somehow – gain great piles of cryptocurrency riches. But these are too often pay-to-win scenarios where developers are seemingly trying to wring out as much profit as possible from the communities they’re creating. It makes the promise of a decentralized metaverse feel less like a future virtual utopia and more like yet another offshoot of late-stage capitalism.