And french report issued by the competent authorities in France reports the Metaverse and what it should be in the more or less near future. An important and necessary point for its development is its neutrality, just as the Internet is today.
Indeed, the report also warns against large companies that could potentially have monopoly and above all control of the Metaverse. Throughout this document, we find many ways which this technology may evolve in the future.
This French report begins by trying to explain what the Metaverse is explaining the frequent confusion of the word beginning with a capital letter “Metaverse” and the “metaverse”. While the Metaverse is a general concept, the metaverse is a simple 3-dimensional, persistent, real-time universe.
So these are worlds that exist at the same time as ours and as a bonus, they should continue to exist even in our absence. There is still a lot of work to define and improve the depth of the Metaverse. The technologies exist, but they are still in their infancy. The potential is almost endless, but the limits are still the technology and the way to develop this concept.
Therefore, even though the Metaverse is a clear concept, there is still has gray areas in particular on its use and on what it will be in the future. This comes to inventing a new Internet, which proves how tedious the project is and of which we do not know what turn it will take, just as the web as we know it has evolved over the course of its existence.
Of course, this Metaverse concept could be called Metaverse crypto as the two are linked. Indeed, the crypto-currency sector will have a big role to play, whether for validate transactions or define authenticity via NFTs.
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Of course, the Metaverse is a concept that appeals, because it has potential and above all, it offers a prospect of infinite benefits. The perfect example is Facebook, which renamed its parent company last year to Meta in order to launch his company towards its new technologies.
However, a company like Facebook is not becoming the Metaverse or part of the concept in a few days, especially in the eyes of users of the famous social network who have a completely different use for it.
In addition, we must remain vigilant to the desire of these many large companies to want to build their own definition of the Metaverse with their proprietary applications in order to have maximum control. Even though the report suggests that these are solutions developed more for professional purposes, these companies are already used to being at the limit when it comes to taking control.
Nevertheless, the concept of the Metaverse does not yet appeal to everyone and particularly not to shareholders as is the case at Meta. Since the company changed its name, it has lost the opportunity to close many deals a 2022 according to Brad Gerster of Altimeter Capital.
As a result of this a 20% staff reduction as well as the request for limit Metaverse-related investments were suggested by Gerstner in an open letter sent to Mark Zuckerberg.
The French report goes on to explain that in order to avoid complete domination by the most powerful companies, the Metaverse must also develop through public institutions. While accentuating the risks that this could imply for other digital ecosystems, in particular social networks, but also harassment and misinformation.
Thus, according to the conclusions of these competent authorities, the most feasible solution would be to apply standards similar to those of the Internet today in creating open protocols and implementing international standards that should be respected to a certain extent in order to create an environment that is public and not in the hands of the most powerful corporations.
To create such a Metaverse, each authority should create its own metaverse in the form of a brick that can easily interact and fit together with others. The report illustrates the example of the National Institute of Geographic and Forest Information, which already produces databases for immersive applications.
The Metaverse is a reality that is likely to happen one way or another in the years to come. Maybe even somehow the evolution of the Internet as we know it today. So although on the side of the cryptos linked to the Metaverse the trading volume fell sharply, the hype to see such worlds within reach in the near future is something everyone wants to see happen one way or another.