BSV president urges Meta to store its metaverse data on a public blockchain

BSV president urges Meta to store its metaverse data on a public blockchain

Although Meta has yet to launch its metaverse project, Bitcoin SV (BSV) association president Jimmy Nguyen believes it would be better for the company to store user data on a public blockchain.

In an interview with Cointelegraph, Nguyen shared that a global, interoperable metaverse ecosystem would mean that individual data would be stored on a public blockchain. If Meta adopts this approach, Nguyen noted that Meta could become an interface connecting a blockchain with enterprises’ metaverse applications.. This will allow other metaverses to access user data once users give their consent. The president of BSV said that:

“I hope Facebook/Meta takes the approach of creating a metaverse where they build the environment but don’t exclusively store your identity and data on their own servers.”

Furthermore, the BSV president stressed that this type of vision requires a scalable blockchain that can handle large amounts of transactions and data. According to Nguyen, the BSV blockchain is capable of this.

“A successful metaverse requires a lot of data. Therefore, metaverse projects can benefit from integrating with a blockchain with massive scale, data capacity, and low fees.”

Therefore, Nguyen also shared his belief that the BSV blockchain can play a role in the metaverse in terms of payments and as a base ledger for all data files needed by projects that want to build metaverses.

In a panel discussion held at the World Economic Forum (WEF), a Lego Group executive said that metaverses should be developed with children’s perspective in mind. Edward Lewin, vice president of the company, said that since children are the future users of the metaverses, the focus should be on “building from the perspective of children”.

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Meanwhile, a recent survey conducted for the WEF showed that developing countries are more metaverse-hungry compared to developed countries. Among 21,000 adults surveyed in 29 countries, those in high-income countries showed less interest in the metaverse.

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