Metaverse, is one of the most frequently heard words in the past two years, from Facebook's renaming Meta, to a number of industry giants have entered the game, and the stocks related to metacosm are also "soaring".
Some people say that this is the metacosm is the future, some people say that the metacosm is just a scam hyped up to make money, and many people have not even figured out what the metacosm is. Among the various sounds, the fiery metaverse is about to usher in a "cooling".
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Not long ago, the Meta-Universe Industry Committee (Meta-Universe Industry Committee) of China Mobile Communications Federation officially held the first plenary meeting of the first session and the second Meta-universe Industry Forum. Yu Jianning, Executive Director of the Meta-Universe Industry Committee of China Mobile Communications Federation, officially released the "Meta-Universe Industry Self-Discipline Convention" (the "Convention") on behalf of the Industry Committee at the meeting.
The main purpose of this convention is to provide a code of conduct reference for the industry to eliminate chaos such as speculative bubbles.
Image credit: OFweek
Speaking of metaverses, it is necessary to mention Roblox, a company known as the "first stock of metaverses", which proposes 8 keywords about metaverses: Identity, Friends, Immersiveness, Low Friction( low latency), Variety( Anywhere( Anywhere), Economy ( Economy ) , civility ( civilization ) .
What makes the metaverse hot is precisely the two attributes involved in social and financial. From the metaverse "land" and various NFTs that are now being hyped up at astronomical prices, we can glimpse the disturbing factors hidden under this bubble. In November 2021, The Sandbox sold a virtual piece of land for $4.3 million.
Image courtesy of The Sandbox
There are also virtual currencies involved in the economic system of the metaverse, and Alex Balfanz and friends have developed a game using the game engine and tools provided by Roblox. Although the game itself is free, the equipment in the game needs to be purchased with Roblox's virtual currency. With this game, Alex Balfanz and his friends earned their first pot of gold in a short period of time.
In addition, there are many companies that want to create meta-universe games, solicit others to buy virtual currency in advance, and promise to make a lot of money after the game is launched. More and more people are entering the game, and the metacosm is becoming larger and larger.
Yu Jianning said that the metacosm is essentially the next generation of the Internet, is the product of the integration of the digital world and the physical world, through the integration and innovation of cutting-edge digital technology, to build a new digital space that can promote the progress of social and economic development.
Just as every stage of the rise of a new industry often produces bubbles and chaos due to overly optimistic expectations and overheated investment. At present, there are also some companies that carry out unrealistic speculation in the name of meta-universe, resulting in a serious capital bubble; and even some lawbreakers have launched fabricated meta-universe investment projects to absorb public funds, and even used this to issue virtual currency for illegal profits.
Image courtesy of Unsplash
In order to implement these purposes, the Convention puts forward these several initiatives: 1. Adhere to integrity and innovation, improve compliance awareness; 2. Resist capital speculation and guide reasonable expectations; 3. Strengthen the main responsibility and stay away from illegal models; 4. Strengthen innovation confidence and participate in industrial cooperation; 5. Fulfill social responsibilities and build a digital China.
The development of new things is always tortuous, many people have been eager to try before, and now the metaverse has to face "cooling", I don't know how the future will develop after "cooling".
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