The video and the explanation on how this China's version of meta verse is awesome and very futuristic, it detailed what we all want in the future to be, a great explanation from the publisher he also mentioned that a lot of these meta verse products are going to be launch in 2023, just a few months to go, it's going to be exciting if what all those mentioned on that video becomes a real product, 2023 onwards is going to be a battle of the metaverse, I wonder what will be Zuckerberg's and other industrial world answers to China's version of the metaverse.
Well clearly the Chinese have their own version of the metaverse, it is that they could not stay behind in their market, clearly Mark Zuckerber has done many things since he wants to be part of a totally digital world, he wanted to venture with his own crypto but his project it is much more ambitious, it is taking advantage of generating a lot of land for the metverse and I think it is something that is very well managed and created, under its rules and that everyone can adapt to, for me the Chinese metaverse is on another level, the only way that can give you competition is that your land can be cheaper or, failing that, be free.
I believe it is more likely Chinese Metaverses will be asked by the Chinese Communist party to implement the digital Yuan as a currency of choice for their built-in services or gambling, gaming, payment processors, etc. It would make sense, since we all know Chinese government is not in favor of their citizens having access to decentralized currencies or even strong cryptography. In that order of ideas, while the ideal metaverses would be about each user safely managing their identity, assets and NFTs, the Metaverses made in China would have the peculiarity of having the government holding cryptographic master keys to retrieve NFts, digital yuans and ban anyone if they deem it necessary and of course anything made on the Metaverse would have an impact over the real life social score.
Casinos will be an indirect branch of the CCP.
I believe it is more likely Chinese Metaverses will be asked by the Chinese Communist party to implement the digital Yuan as a currency of choice for their built-in services or gambling, gaming, payment processors, etc. It would make sense, since we all know Chinese government is not in favor of their citizens having access to decentralized currencies or even strong cryptography. In that order of ideas, while the ideal metaverses would be about each user safely managing their identity, assets and NFTs, the Metaverses made in China would have the peculiarity of having the government holding cryptographic master keys to retrieve NFts, digital yuans and ban anyone if they deem it necessary and of course anything made on the Metaverse would have an impact over the real life social score.
Casinos will be an indirect branch of the CCP.
The truth in all this, nothing that has to do with governments and policies of government entities should enter, because the metaverse is free and should always be like that, however it is how you say it, the Digital Yuan will put it there whether they want it or not want, and be careful if also the Ruble, for me these things are going to be taken by them to have even more control, I hope that in the metaverses there are not so many demands from the KYC, in the same way they will see that the Chinese government will do everything possible so that the Chinese Yuan also arrives at the world level, and since there are so many rumors that there may be a world crash in the economy, that scenario may occur.