‘Crypto-States’ Will Compete With Corporates in the Metaverse

What kind of metaverse would you like to live in?

With the announcement of Facebook’s rebrand to “Meta” – where the social media giant designs and builds “the metaverse” and claims the next digital frontier – the battle for the future of cyberspace is on.

“The metaverse” describes virtual worlds that break distinctions between digital and physical space. In more detail, the metaverse has been described as “a massively scaled and interoperable network of real-time rendered 3D virtual worlds which can be experienced synchronously and persistently by an effectively unlimited number of users, and with continuity of data, such as identity, history, entitlements, objects, communications and payments.”

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