Recall, a metavieworld is a virtual space in which people interact with each other through their own avatars. Typically, this realm is closely related to blockchain and blockchain-based NFT tokens. Accordingly, people have the opportunity to earn and receive real value through activity in the metaverse. And what it will be is up to them.

Meta itself is quite serious about this sphere. This can also be seen by the creation of the Metaverse Standards Forum, which consists of 35 major technology companies. Among the giants included Sony and Microsoft, which means that the trend of virtual reality in the world is strong enough. Read more about the topic in a separate article.

What will the meta-universes look like?

Vitaly’s main argument is that the concept of a “meta-universe” has not yet been fully defined. We simply do not know yet what the virtual universes should be like, so it is rather early to expect that Meta will succeed in this field anyway. Here’s Buterin’s quote.

We still can’t make up our minds about the concept of a “metavirtual universe”. It’s too early to talk about what people really need. So what Facebook is creating right now is waiting to fail.

That is, Vitalik believes that the metaworld industry is still at the first stage of its existence. Accordingly, it is quite difficult to imagine the scope and direction of its further development - not to mention the needs of users who would prefer to spend their time in virtual worlds.

Decentraland game screenshot

According to Decrypt’s sources, a meta-universe is a kind of a “new Internet” in most people’s minds, centered around virtual reality and online communities where people interact with one another primarily through VR headsets. In addition, cryptocurrency fans equate decentralisation with metavieworlds, as the aforementioned “new internet” should have no monopolists.

That said, the corporate approach to creating meta-villages does not guarantee that the concept will be successful in the hands of big companies, Vitalik said. He continues.

“The meta-universe will be created, but I don’t think any of the current corporations will be successful in their attempts to form a new sphere.

Etherium creator Vitalik Buterin

The perception of the concept of meta universe in the eyes of cryptocurrency enthusiasts and corporations is much different. In the first camp, we have startups like Sandbox, which are already creating virtual worlds on a decentralised basis. The second camp is Meta; the company chose that name last year precisely as a clear signal that it is going to conquer the field of metaworlds. And, naturally, Meta will make virtual worlds a fully centralised concept, as this fits with the nature of this company’s activity.

So who is right really? We're leaning towards Buterin's opinion, because it's too early to judge the favourites in this area of innovation. But, of course, it would be very good for the popularization of crypto if the concept of meta-universes was adopted by the world on a decentralized basis.

Meta CEO Mark Zuckerberg

Many people associate the future of decentralised metaclasses with unique tokens. It is important to note that NFTs themselves have already managed to gain a lot of popularity even outside of the crypto market. Clear proof of that is the release of an NFT series by jewellery brand Tiffany & Co. called NFTiffs. On the backdrop of this news, the trading volumes of one of the most popular NFT collections, CryptoPunks, increased by 1,847 percent in just 24 hours.

And that’s because NFTiffs, which consists of 250 NFTs, is offering bonuses to token holders from the CryptoPunks collection. They can exchange their copy of NFTiffs for a pendant with an exclusive design and its digital representation in the NFT. Moreover, the jewellery design will be based on the colour palette of the CryptoPunks token, i.e. matching its appearance.

Here’s the corresponding announcement from the company with a video.

The pendants will be created using at least 30 gemstones such as sapphires, amethysts, spinels and diamonds set in 18-karat rose or yellow gold. Customers will receive their NFTs by October this year, with physical delivery expected in 2023.

Each NFTiffs token costs 30 ETH: this price includes the release of the NFT to the pendant, the pendant itself and the chain, as well as shipping and handling of the item. NFTiffs are set to launch on August 5. At the moment, the minimum price of a CryptoPunks token is 73.95 ETH. That means jewellery enthusiasts have to pay around $125,000 for CryptoPunks and another almost $50,000 for the NFTiffs token.

Dynamics of the price of the cheapest CryptoPunks token

The sale of jewellery in this format has generated a lot of excitement – which is a good sign for the future success of the initiative. It’s not out of the question that the unique Tiffany pendant paired with NFT will go up in price many times over once it gets in the hands of the first buyers.


We think these two pieces of news are a clear indication of just how serious the big companies are about virtual reality and digital assets. Apparently, they have already considered the value in this industry, so they are making efforts to have their own presence there. So we can conclude that meta-universes have an incredible future ahead of them.

What do you think about it? Share your opinion in our Millionaire Cryptochat. There we will discuss other important developments from the blockchain world.