The metavieworld is a virtual space where people interact with each other. Typically, this is done with a virtual reality helmet, but it is possible and more simple options involving only a computer.

The alternative reality trend has now begun. That became clear earlier this month when famed performer Snoop Dogg took his California estate into the Sandbox project. Well, an anonymous cryptocurrency investor shelled out the equivalent of $450,000 to become the celebrity’s roommate. Read more about the story in a separate piece.

Why does Meta need a blockchain?

Details of the announcement were shared by Andrew Bosworth, Meta’s future CTO. Here is his quote published by Decrypt, in which the expert shares his vision of the current situation.

My overall strategy is to achieve full blockchain interoperability. There are not many aspects where we will rely solely on the technology, but if we see an opportunity to work together with entrepreneurs in the Web3 space, I think it’s worth it.

Mark Zuckerberg’s avatar in the meta universe from the Meta promo

Bosworth also thanked users who prefer decentralised equivalents to traditional social media and tech platforms. However, he noted that so far these people remain in the minority. The expert continued.

While most people are happy to use Facebook and Google, some do not belong to this category. And they are the ones who are actively involved in creating a really impressive wave of new technologies.

Here, the expert hinted that with its focus on Meta, the company will be able to attract those people who don't use its social networks.

As a reminder, this is not the first time Meta has taken an active interest in something closely related to the crypto industry. The company’s crypto project called Novi announced earlier this month that a “limited number” of users in the US would be able to send Paxos Stablecoins via Whatsapp. Accordingly, there are no big plans for the time being.

Virtual universes are the new trend of the decade

In addition, back in 2019, Facebook introduced Libra, a stabelcoin backed by several national currencies. Libra was then renamed Diem, a dollar-only stackablecoin. However, the development of Diem never got off the ground, as many Facebook partners withdrew from the Libra Association due to pressure from financial regulators.

Mark Zuckerberg and Libra


We think the new Meta project will find its users - at least the company has more than enough money for marketing. However, there will be some people who will flatly refuse to use the centralised company's project anyway. However, Facebook is known for its love of obtrusive advertising and has repeatedly leaked user data on the social network. Most likely, someone will not want to betray the ideals of decentralisation for the sake of a connection with a big project.


Read more about new initiatives in this area in our millionaires’ cryptochat. There, we will talk about other topics that intersect with blockchain in one way or another.