While Meta has not yet launched its metaverse project, Bitcoin SV (BSV) Association President Jimmy Nguyen thinks that it would be better for the firm to store user data on a public blockchain.
In a Cointelegraph interview, Nguyen shared that a global and interoperable metaverse ecosystem would mean that individual data will be stored within a public blockchain. If Meta takes this method, Nguyen noted that Meta could become an interface that connects a blockchain to companies’ metaverse apps. This will allow other metaverses to access user data once users give their consent. The BSV president said that:
“I hope Facebook/Meta take an approach of creating a Metaverse where they build the environment but do not uniquely store your identity and data on their own servers.”
Additionally, the BSV president underscored that this type of vision requires a scalable blockchain that can handle large amounts of transactions and data. According to Nguyen, the BSV blockchain is capable of this.
“A successful metaverse requires a lot of data. Therefore, metaverse projects can benefit from integration with a blockchain with massive scale, data capacity and low fees.”
Because of this, Nguyen also shared his belief that the BSV blockchain may play a role in the metaverse in terms of payments and as a base ledger for all the data files necessary for projects that wish to build metaverses.
Related: Singapore venture firm launches $100M Web3 and metaverse fund
In a panel discussion at the World Economic Forum (WEF), an executive at Lego Group said that metaverses must be developed with children’s perspectives in mind. Edward Lewin, a vice president at the company said that given that kids are the future users of metaverses, people should focus on “building from kids’ perspective.”
Meanwhile, a recent survey conducted for the WEF showed that developing countries are more eager for the metaverse compared to developed countries. Among the 21,000 adults surveyed across 29…
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