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| Facebook takes risks with Metaverse |
At a meeting last month, Facebook announced that it was rebranding the company META, showing interest in Metaverse technology.
Meta has not revealed all the details about the Metaverse universe. But if it doesn't solve the problem of digital ownership, it risks the next change in reputation and consumer behaviour.
This means implementing digital ownership and ways to protect and prove digital ownership against theft.
Many people interested in Metaverse technology question the company's ability to properly handle the virtual world.
The company is seen as unwilling to enter the world and thus supports freedom of expression and creativity, which has drawn many users into the Metaverse universe.
Yat Seo, founder of game software company Animoca Brands and investor in Metaverse Technology, believes Facebook's actions are wrong unless you have a clear definition of the problem of resource ownership in this world.
The metaverse refers to a set of shared virtual worlds that can be accessed over the Internet using different technologies.
Big investment from Metaverse World
Many people have started investing in the Meta-universe and its digital collections. A virtual land in the decentralized world was sold last week for $2.4 million.
Transactions from buying and selling NFT tokens increased to $10 billion in the last quarter of this year.
Facebook's interest in the Metaverse has sparked interest, but the company hasn't announced a clear plan. However, Seo sees property rights and proof of ownership as the cornerstones of the Metaverse and its internal transactions.
Facebook iterates previous technology in different ways
Benoit Bagotto, co-founder of virtual shoe maker RTFKT, believes that digital equity enables companies to develop products.
It is also believed to be a shift in business thinking and direct relationships with consumers. The product will not be unique. You can resell the same product multiple times. You need to think about how to keep it up to date to stay relevant in this field. Globalism.
Real world products are greatly influenced by virtual world technologies that keep the products in a state of constant evolution. Many large commercial companies in our world are still struggling to catch up and benefit from the ever changing world.
Law firms are also working hard to craft new laws to adapt to the Metaverse and make clear the importance of digital ownership.
Digital ownership poses many challenges for lawyers around the world trying to balance vocabulary with what is actually happening.
Ownership in the real world means monopolizing the right to access and use any of the various resources. But it is different in the digital world, for example you cannot own all the rights to the NFT tokens you have purchased.
This doesn't seem to stop the Metaverse from making its way into the mainstream, especially young video game players or fashion consumers. In the next few days, digital asset wallets can be seamlessly integrated into our real environment.