Best P2E Games

Tim Sweeney On Web3, Metaverse

Tim Sweeney On Web3, Metaverse

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Tim Sweeney on Anti Trust and Metaverse.

Epic Games’ Tim Sweeney is a staunch supporter of Web3 and sees metaverse as the future of the internet. Recently, Tim Sweeney shared his thoughts on the metaverse, crypto, and the antitrust debate associated with it.

Tim Sweeney, Epic Games, On Web3 And Metaverse
Tim Sweeney, Epic Games, On Web3 And Metaverse

Speaking about the creation of the metaverse, Sweeney is positive about the creation of the metaverse over the next decade.

The creation will take place over the foundation of open systems, open standards, and no walled gardens where companies will work together on mutual respect of customers. The metaverse will allow players to jump from one ecosystem to the other without any concerns whatsoever.

Sweeney related the working of future metaverse with how the world interacted with each other in the early days of the web.

Tim Sweeney, Epic Games, On Web3 And Metaverse
Tim Sweeney, Epic Games, On Web3 And Metaverse

However, the harmony was distorted by the monopolization and walled garden systems that enveloped the internet later on.

“That’s the big focus of worldwide antitrust efforts–ensuring each market participant can compete fairly in their market without monopoly ties,” Sweeney on the antitrust debate.

Tim Sweeney added that the anti-trust issue is not just an economic issue, rather it is also related to freedom.

“If you have two corporations controlling all world discourse and kowtowing to governments–especially oppressive governments–to act as agents on their behalf and spy on users and sources of opinion and dissent, then I think the world you end up with isn’t one we’d want to live in. I think it would be quite a horrible place.”

Tim Sweeney, Epic Games, On Web3 And Metaverse
Tim Sweeney, Epic Games, On Web3 And Metaverse

Building on the metaverse, Sweeney added that it will take a lot of different things joining hands over time to make one metaverse.

An important element in the creation of the metaverse is the social graph. Epic has over 600 million accounts and 4.7 billion social connections.

Similarly, Microsoft too has a massive social graph with a tremendous amount of users on Xbox. The social graph is also evident in PS, Nintendo, as well as Steam.

So, working with every single ecosystem and connecting them all together will in a single verse is the essence of the metaverse.

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Tim Sweeney On Web3, Metaverse

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Best P2E Games list 2024

Tim Sweeney On Web3, Metaverse

P2E News, short for “Play-to-Earn News,” is a category of updates and information within the broader spectrum of Crypto News, Web3 News, NFT News, and Blockchain News. These terms are all interconnected and represent various facets of the rapidly evolving digital landscape.

Play-to-Earn (P2E) is a gaming model that has gained immense popularity within the crypto and blockchain communities. In P2E games, players can earn cryptocurrencies or NFTs by participating in the game, often through activities like completing quests, collecting items, or trading assets. P2E News covers developments, announcements, and trends related to these innovative gaming experiences that allow players to monetize their in-game efforts.

Crypto News, on the other hand, focuses on the broader world of cryptocurrencies, including Bitcoin, Ethereum, and a multitude of altcoins. This category encompasses news about market trends, regulatory changes, new blockchain technologies, and updates related to various tokens. Crypto News is a fundamental aspect of the blockchain ecosystem, as cryptocurrencies serve as the primary means of value transfer and exchange within the Web3 space.

Web3 News is an umbrella term that refers to the next-generation internet, often characterized by decentralized applications, blockchain technology, and smart contracts. The Web3 ecosystem seeks to provide a more user-centric and decentralized internet experience. This category of news covers developments in decentralized finance (DeFi), non-fungible tokens (NFTs), and various other applications built on blockchain technology. For the ultimate and best play to earn games list, check our friends of playtoearngames.com.

NFT News focuses on Non-Fungible Tokens, unique digital assets that are indivisible and represent ownership of a specific item, artwork, or collectible. NFTs have gained prominence in the art world, gaming industry, and entertainment sector. NFT News keeps enthusiasts informed about NFT sales, new projects, and partnerships within the NFT space.

Blockchain News pertains to the foundational technology behind cryptocurrencies and Web3 applications. Blockchains are decentralized ledgers that record transactions across a network of computers, ensuring transparency and security. Updates in this category might include innovations in blockchain consensus mechanisms, interoperability between different blockchain networks, and industry applications beyond cryptocurrencies.

In summary, P2E News is a niche subset of Crypto News, Web3 News, NFT News, and Blockchain News. It focuses on gaming experiences where players can earn cryptocurrencies or NFTs, while the other categories encompass a broader range of topics within the decentralized digital landscape, including cryptocurrencies, web3 technologies, NFTs, and blockchain advancements. Collectively, these categories shape the landscape of the digital economy, offering insights into how technology is revolutionizing various aspects of our lives.