Facebook risks meta flop, metaverse developers say

On one side, we have people who want decentralization and unrestricted markets in the metaverse, protected by distributed consensus protocols. On the other side, we have corporations like Meta, who want centralization and regulated transactions in the metaverse, protected by winner-take-all economies of scale. Quoting from the OP:

> "What Facebook is doing with meta...is a 'fake metaverse,' unless they actually have a real description as to how we can truly own it," ... "Until then, it's just Disneyland. It's a beautiful place to be, but we probably don't want to really live there. It's not the kind of place that we can actually build a business."

IMHO, this is just a new chapter in an age-old battle between dominant players building "Disneylands" and those who want "The Wild West" to remain, well, wild. This battle been ongoing since the emergence of the earliest information/communication networks. Tim Wu, who has studied the subject extensively, has written a good book about it: "The Master Switch: The Rise and Fall of Information Empires."[a]

[a] https://www.amazon.com/Master-Switch-Rise-Information-Empire...

an article shilling the NFT ponzi scheme, citing people who stands to profit off the scheme.