- The Spatial Shift
- Why build a decentralized Metaverse?
Why build a decentralized Metaverse?
Hellooooo there and welcome back to this edition of the Spatial Shift!
This time around, we’re taking a look at the companies and collectives designing the decentralized Metaverse, but why is this important? Thought you’d never ask 🤓.
Why build a decentralized Metaverse? 🤔
All eyes are on the intensifying competition between centralized metaverse platforms like Zuckerberg’s Horizons, Baszucki’s Roblox, and their competition—Web3 developers offering users greater autonomy. With the fight for control over personal data, interoperability, and customization, the struggle (and schism) for the virtual world is real!
Things are also becoming tense because, in 2022 and 2023, Web3 metaverse platforms have taken a back seat to the big players like Roblox, Minecraft, and Fortnite. Meanwhile, platforms like Decentraland and The Sandbox are still trailing behind in daily average users.
As the Web3 world recovers from the hangover of last year’s crypto craze and, subsequently, collapse of Silicon Valley Bank, Silvergate, and others, newcomers to the game have been helping decentralized platforms catch their second wind.
These startups and independent firms are helping to reinvigorate the Web3 community with some fresh ideas on how the Metaverse will take shape with some buzzing ideas in the mix!
Momentum is now rebuilding for decentralized tools to allow companies, users, and developers to stay front and center of their digital identities—as well as footprints.
Here are some of the biggest frontrunners in the game🥊💥:
Darewise: All Bets Are Back On for Bitcoin 🪙
Preview of “Life Beyond”
Following the catastrophic downfall of crypto trading platform FTX and stablecoin Terra/ Luna, 2022 saw the downward spiral of the cryptocurrency market.
Investors withdrew their bullish stance on crypto, and global regulators began hammering the final nails in the coffin with miles upon miles of red tape.
That hasn’t stopped many from believing in the Web3 dream!
Fast forward to October 2023, AND Darewise Entertainment steps in with the Bitcoin Metaverse. Shocking all the crypto naysayers, the company has ‘dared’ to shore up around $3.5 million in investments to build a brand-new Bitcoin Metaverse Ecosystem.
Some big names like Gamefi Ventures, Amonica Ventures, and others have placed their bets on this new platform. In doing so, they’ve put their weight behind building a flourishing ecosystem of crypto technologies for branding, gaming, and In Real-Life (IRL) experiences.
Also, Darewise is creating its own Bitcoin ecosystem with Horizen Labs, which helped launch ApeCoin, by adding the new token to its upcoming AAA game Life Beyond… just the push Web3 needs to stir the pot!
Bitmap Theory 💡
Furthermore, Bitcoin Ordinals are back on the menu with Bitmap Theory, which aims to open up some killer technologies capable of merging the crypto and Metaverse worlds together.
Bitmap’s plan? Give people ownership over their Bitcoin blocks. Bitoshi Blockamoto, the group’s fearless frontrunner, has been building an open-source standard for integrating Bitcoin blocks into the Metaverse—like a Metaverse digital real estate platform. Once in possession, people can then distribute the fractionalize transactions.
In short, it’s like the Magna Carta for Bitcoin investors!
Lamina1: An Avalance of Possibilities? 🏂
Neal Stephenson, the author and pioneer behind the term Metaverse, is next on the list. With his blockchain company Lamina1, his team is opening up an entirely different can of worms with the Avalanche (think Snow Crash) chain: an interoperable, open-source Layer 1 technology for building infrastructure for the Metaverse.
Now, it’s no longer one about one company building the bulk of the Metaverse or managing the platforms. With Avalanche, Lamina1 is building the very roads companies need to travel the decentralized Metaverse, using consensus via smart contracts.
They’ve already amassed roughly 50,000 people for its Testnet and Betanet versions to host asset storage, worldbuilding platforms, software developer kits (SDKs) and much more!
Matera Gets ‘Sassi’ with Smart Contracts 🙌
Developed from Landvault & the creative genius of Boson Protocol technologies, Matera has joined the Web3 melee to empower developers and creatives. With its on-chain protocol, people can earn money, monetize their content, and build fully-transparent global user base!
Not only does it support SDKs, developer tools, and protocol interfaces, it leverages smart contracts to give users that happy ‘face-to-face’ feeling for added security.
Not only that, but it’s also thrown in its $MATR token to monetize its platform and support its Layer 2 ecosystem. This is massively critical for the future of developing the platform so that people can get more bits for their bucks, and vice versa!
Improbable: Making the Impossible, Palpable 🏋️
3D world built with M²
Nowadays, with so many platforms competing for everyone’s spatial attention, one company’s standing out in the crowd. London-based firm Improbable has captured the hearts of so many in the MMO space with its scalable, interoperable Web3 infrastructure.
In June, Improbable spilled the tea on the Web3 community after launching MSquared (m²), which is set to connect a massive “network of interoperable Web3 metaverses.”
Imagine being able to open one door to reach another metaverse without having to be on the same platform. This is epic stuff (not Epic Games per se), and, backed by Japanese tech giant Ubitus, it’s set to become a major contender by providing everything from cloud computing, pixel streaming, and more for thousands of concurrent users.
Best of all, it’s not launching as a platform, but rather a tool for people to develop their own. This is truly a major step in building interoperable metaverses we’ve only dreamed about!
That about wraps it up for us! What are your thoughts? Do you think the decentralized metaverse has a hat to throw in the ring? Let us know!
In the meantime, catch more of the top news stories from the week:
Thanks again for joining us, and see you next week!
This newsletter is brought to you by Cominted Labs, a metaverse creative studio building 3D experiences for disruptive brands & IP owners.