Web3 and Metaverse Are Stifled by Chaos and Centralization

While Meta CEO Mark Zuckerberg struggles with the details of the “metaverse,” his sister, Randi Zuckerberg, is a vocal critic of the concept’s current state. Web3, the hypothetical next iteration of the internet in which the metaverse will presumably live, is far from decentralized, with control primarily in the hands of companies rather than users, and this is causing chaos, according to Ms. Zuckerberg. The concept, based largely on blockchain technology, is stifled by the disorder, creating “walled gardens” and preventing widespread development.

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Zuckerberg is the CEO of Zuckerberg Media and a former marketing director for her brother’s company in its early years, providing her with a degree of insight into the concepts of Web3 and the metaverse. The current state of the metaverse is composed of many disparate platforms with no real connection to each other, depriving users of freedom within these virtual worlds. Without interoperability, users can’t easily move from space to space with their virtual assets, limiting their capabilities and leaving them reluctant to join the metaverse in general.

However, metaverse spaces lack the security and user-friendliness that consumers are accustomed to with the current (Web2) iteration of the internet, cooling mainstream adoption. Despite current obstacles, Ms. Zuckerberg believes we are just scratching the surface of the metaverse’s possibilities.