Is the centralized metaberse of Facebook a threat to the decentralized ecosystem? By Cointelegraph

Facebook (NASDAQ 🙂 has been planning to join the metaverse for a long time, maybe even a few years. But recently its ambitious expansion plans have moved the concept to major headlines around the world. Change the name Meta’s main business was perhaps the largest and most daring statement of intent the company could make. Suddenly, the main news was flooded with explanatory articles, while financial websites are bubbling with excitement about investment opportunities in this newly created sector.

However, in the cryptographic sphere, the response has been quieter. After all, decentralized versions of the metaverse have been developing around these parts for several years. Even worse, the evil attitudes of technology giants about user privacy and data collection have revealed many of the most cherished principles in the blockchain and crypto sector.