The Importance of Real Digital Ownership in the Metaverse

03/01/2023 09:59 • Digital Disruptors • 104 views

On March 1, Sebastien Borget, the chief operating officer and co-founder of The Sandbox, stressed that other meta-space platforms such as Roblox and Fortress Night do not allow users to freely move digital assets between different platforms. Borget said that it is essential for users to have real digital ownership of these content. They are the real owners of their own virtual images, and also the real owners of their wearable devices, equipment, land, houses and the content they create and earn. The creators should get “95% or 100% of the income they bring, because they have contributed to the development.” (Decrypt)

The Sandbox co-created: the metauniverse needs to be “open”

Analysis based on this information:

The concept of metaverse is a virtual world where people can communicate, interact, and conduct transactions in a realistic and immersive environment. In recent years, the popularity of the metaverse has increased significantly with the emergence of platforms such as Roblox, Fortnite, and The Sandbox, among others. However, Sebastien Borget, the COO and co-founder of The Sandbox, emphasizes that the absence of real digital ownership of assets in these platforms undermines the true essence of metaverse.

According to Borget, the ability to move digital assets across different platforms is necessary for users to have real digital ownership of their content. A user’s virtual image, wearables, equipment, land, houses, and content should belong to them without any limitations. As metaverse is an extension of the real world, it is only reasonable that a user’s virtual property is theirs to keep and do with as they see fit. The absence of this ownership leads to a lack of respect for creators’ contributions to the development of a platform.

Borget further asserts the idea that creators should earn a significant portion of the income they bring, up to 95% or 100%, as they are the ones who contribute to the development of the platform. As the digital world slowly merges with the real world, creators’ contributions will become increasingly important. Therefore, creators should receive what is rightfully theirs and be properly compensated for their work in the metaverse.

Real digital ownership is crucial in the metaverse, as it ensures that users have complete control over their digital assets. Additionally, it provides a level of transparency that can lead to fair and secure transactions, and ultimately growth for the platform. Therefore, it is essential that metaverse platforms such as Roblox and Fortnite adopt real digital ownership to ensure the sustained growth and existence of the metaverse.

In conclusion, the absence of real digital ownership of assets in the metaverse hinders the development of the virtual space. Creators’ contributions are significant in the metaverse, and they should receive what is rightfully theirs. Hence, platforms such as The Sandbox demonstrate the importance of real digital ownership and push for its implementation in the broader metaverse landscape.

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The Importance of Real Digital Ownership in the Metaverse

The Sandbox co-created: the metauniverse needs to be “open”

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