What Makes Mark Zuckerberg's Metaverse Different From Other Virtual Worlds?
The Metaverse of Meta, Horizon Worlds, is a cross between the virtual reality of video games such as Fortnite, and the real Metaverse which is based on Blockchain technology.
If by chance you’re worried because you don’t know some terms, I’ll explain everything. At the moment, people think the virtual world that Mark Zuckerberg developed is a hybrid. However, useful and well done it is a hybrid three-dimensional digital space.
On the one hand, Zuckerberg’s Metaverse resembles Fortnite in terms of what you can do. You can explore virtual worlds and share virtual experiences with other users. The graphics are three-dimensional if you dive in with the Oculus Quest headset
On the other hand the metaverse of Meta Horizon Worlds offers a number of advantages over other virtual worlds such as Fortnite.
Firstly, it has its own internal currency (Zuck Bucks) which allows buyers to purchase services and gain experiences within the virtual world.
It also provides spaces developed precisely for virtual work meetings and other activities that can be carried out remotely. It was properly created to benefit companies. For example, a space to do job interviews.
On the other hand it’s not really a metaverse like Decentraland or Roblox. Now I’ll tell you why
TRUE METAVERSES HAVE THE POSSIBILITY OF SELLING PRODUCTS WITH NFT TECHNOLOGY (non-fungible tokens)
This means you can create a digital product, such as a work of art or even a game and then sell it using blockchain technology.
NFT tokens are basically proprietary instruments on the blockchain that can be traded between users. This turns the Metaverse into a real digital marketplace that can be used to generate profits.
A true independent economic circuit is created within that virtual city.
Users can then buy goods, services, and products, earning money within the metaverse, rather than converting their real money in virtual currency.
For this reason Decentraland is considered a true metaverse while Zuckerberg’s is only an “expansion” of virtual reality. Not exactly an authentic world like the ones mentioned above.
In fact, Mark Zuckerberg’s Metaverse has some characteristics similar to other virtual worlds like Fortnite but it’s not really a real metaverse like Decentraland or Roblox.
WHAT ARE NFT AND LAND
In Horizon Worlds you can’t buy digital lands. That is, the lots within it that are sold to users.
This is because within the Metaverse, the terrains are managed by decentralized smart contracts that do not need any external intervention. They are called LAND and are simply NFT tokens traded on the blockchain.
NFTs are digital protections based on Blockchain technology that guarantee ownership of the artwork, games, or other digital product by users. NFTs can also be used to represent a portion of land within a Metaverse.
I often give the example of an mp3 file of a song. The artist will be able to sell a single file, the one that can be considered the ORIGINAL and this can never be copied. That is, it can be copied but will remain a copy of the original which has an unpublished code (Nft) based precisely on blockchain technology.
What is Blockchain?
The Blockchain is a digital ledger, a register containing all the information necessary to create and manage any transaction. It is a decentralized global network that allows any person or entity to carry out and verify online transactions securely, anonymously, and without any need for intermediaries such as banks or payment services.
The Blockchain makes the existence of the metaverse possible as it provides a secure platform for the exchange of goods and services within the virtual world. It also allows users to purchase real goods such as physical items should they ever want to exit the metaverse.
Mark Zuckerberg’s Metaverse has some characteristics similar to other virtual worlds but it is not really a true metaverse because it is not based on NFT technology and therefore on the blockchain.
Lands are digital properties traded within a metaverse that offer a way to buy and sell virtual goods. These lands are managed by decentralized smart contracts, which means that no third party is needed to transfer ownership from one user to another.
That’s why metaverses like Decentraland are considered real digital marketplaces and not just virtual worlds.
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HORIZON WORLDS: MORE FEATURES
In Mark Zuckerberg’s metaverse it is possible to purchase real and virtual products, such as clothes for one’s avatar or various objects with which to personalize one’s world. However, the user only acquires possession.
– Unlike other metaverses, (as I explained before), given the opposition of the founder of Meta Mark Zuckerberg, it will not be possible for users to exchange NFTs of their own creation within the platform, preventing Horizon Worlds from having its own metaverse economy.
– The Horizon Worlds platform therefore remains proprietary in all respects. It is possible for users and companies to resell their products, at the cost of a certain percentage of commission which must be paid to Meta in exchange for the right to resell on the platform.
– This feature, which distinguishes the Horizon Worlds metaverse from other metaverses created after Second Life, could be overcome in the future, through a minting of NFTs that will be possible via Instagram.
– Mark Zuckerberg’s ambition remains to make Horizon Worlds a virtual platform as interactive as possible, which can overcome social networks as a means of communication and exchange of information and resources between people from all over the world.
WILL THE METAVERSE REPLACE SOCIAL NETWORKS?
However, at the moment it is not possible to say with certainty that a metaverse like Horizon Worlds will be able to replace social networks. Firstly, the blockchain itself is still in the development stage and there is still a long time to go before it becomes a complete and efficient solution.
Secondly, the lack of a self-sustaining economy within the platform could limit the development of the metaverse.
Furthermore, it must be considered that social networks have been designed to communicate and be useful to everyone, since they do not require in-depth knowledge of blockchain or NFT technology.
A metaverse like Horizon Worlds would instead require users to be more familiar with blockchain technology and NFT properties, which could distance the average user from this type of platform.
Or make this metamorphosis slower than you think. Just think there is a metaverse to wear…
Finally, it is currently unclear whether Horizon Worlds will be able to cope with the security measures necessary to produce a truly safe and efficient virtual world.
Ultimately, only time will tell how strong the competition between social networks and metaverses like Horizon Worlds will be. However, both are expected to evolve in parallel in the future, providing new opportunities for users to interact, communicate, and exchange digital properties.
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