BSV president urges Meta to keep data because of its metaverse on the public blockchain

While Meta hasn’t yet launched its metaverse project, Bitcoin SV (BSV) association president Jimmy Nguyen thinks that it might be better for that firm to keep user data on the public blockchain. 

Inside a Cointelegraph interview, Nguyen shared that the global and interoperable metaverse ecosystem indicates individual data is going to be stored inside a public blockchain. If Meta employs this process, Nguyen noted that Meta turn into an interface that connects a blockchain to companies’ metaverse apps. This allows other metaverses to gain access to user data once users give their consent. The BSV president stated that:

“I hope Facebook/Meta take a strategy of making a Metaverse where they build the atmosphere but don’t distinctively store your identity and knowledge by themselves servers.”

Furthermore, the BSV president underscored that this kind of vision needs a scalable blockchain that may handle considerable amounts of transactions and knowledge. Based on Nguyen, the BSV blockchain is capable of doing this.

“A effective metaverse requires lots of data. Therefore, metaverse projects can benefit from integration having a blockchain with massive scale, data capacity and occasional charges.”

Due to this, Nguyen also shared his thought that the BSV blockchain are likely involved within the metaverse when it comes to payments so that as basics ledger for the documents essential for projects that desire to build metaverses.

Related: Singapore venture firm launches $100M Web3 and metaverse fund

Inside a panel discussion in the World Economic Forum (WEF), a professional at Lego Group stated that metaverses should be developed with children’s perspectives in your mind. Edward Lewin, smoking president at the organization stated that considering that children are the long run users of metaverses, people should concentrate on “building from kids’ perspective.”

Meanwhile, a current survey conducted for that WEF demonstrated that developing countries tend to be more looking forward to the Metaverse when compared with civilized world. One of the 21,000 adults surveyed across 29 countries, individuals from high-earnings countries demonstrated less curiosity about the Metaverse.

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