It is important to understand that to create an economic engine in the form of a ‘free’ and decentralised metaverse, there are a few important elements that are necessary: See also: Facebook takes its ethics into the metaverse – and critics are worried Firstly – how might the metaverse be set up as an economic engine? It is not a matter of ‘if’, but ‘when’ it will be fully realized, meaning we should be paying close attention to how Meta, and other tech companies, try to take control of the important components within the metaverse. The metaverse is slated to be the next economic engine for the global economy, driving a wave of activities and value creation. Meta/Facebook has had its sights set on the metaverse for some time, and by default, the business has already had experience working with the element of identity needed in the metaverse – because it was originally set up as a business to own and monetise its users’ identities. Secondly, they are worried what dystopian format a metaverse might take on if it is controlled by a FAANG tech company like Meta / Facebook.Īnd while the metaverse is not a real “place” as we currently understand space and time, netizens are right to fear a future where you can experience an economic and social death inside Meta’s vision of the metaverse. This meme’s popularity indicates two things: firstly, digital natives are well aware that the creation of a metaverse is inevitably where we are headed with advancements in digital technology. This meme has been doing the rounds on social media.

Real life game meme