Two years after Mark Zuckerberg launched it into orbit, the metaverse is crashing back to Earth. As the hype sparked by Facebook’s rebrand fades amid jaw-dropping losses, risible selfies, and the generative AI boom, reality is setting in — which is when things start getting interesting. Metaverse stalwarts are now fighting for competing visions. On one side are the centralised platforms owned by the likes of Meta and Roblox. Under the control of all-powerful tech giants, these virtual worlds exist in siloes. On the other side stand advocates for open, interconnected, and decentralised metaverses. In these utopian realms, users can freely traverse…
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