The Importance of Real Digital Ownership
On March 1, Sebastien Borget, the chief operating officer and co-founder of The Sandbox, stressed that other meta-space platforms such as Roblox and Fortress N…
On March 1, Sebastien Borget, the chief operating officer and co-founder of The Sandbox, stressed that other meta-space platforms such as Roblox and Fortress Night do not allow users to freely move digital assets between different platforms. Borget said that it is essential for users to have real digital ownership of these content. They are the real owners of their own virtual images, and also the real owners of their wearable devices, equipment, land, houses and the content they create and earn. The creators should get “95% or 100% of the income they bring, because they have contributed to the development.” (Decrypt)
The Sandbox co-created: the metauniverse needs to be “open”
Interpretation of the news:
Sebastien Borget, the co-founder of The Sandbox, highlighted the importance of real digital ownership in meta-space platforms. Borget believes that users should have the freedom to move their digital assets between different platforms and have complete ownership of their virtual images, wearable devices, equipment, land, houses, and the content they create and earn.
Currently, other meta-space platforms like Roblox and Fortnite restrict users from freely moving their digital assets. This means that users do not have full control over their virtual items and cannot fully claim ownership of their creations. The Sandbox allows its users to have real digital ownership, which empowers creators and incentivizes them to contribute to the development of the platform.
Borget argues that content creators should receive the majority of the income generated by their creations. He believes that they should receive “95% or 100%” of the income they generate because they have contributed to the development of the platform. This idea of incentivizing creators and rewarding them for their contributions could help promote innovation and improve the quality of content on the platform.
The notion of real digital ownership is crucial because it allows users to maintain control over their virtual assets rather than relying on centralized platforms. This type of ownership can also help protect against fraud, theft and loss of assets, and promote transparency and fairness within the ecosystem.
In conclusion, The Sandbox’s emphasis on real digital ownership and incentivization of content creators highlights a unique approach to meta-space platforms. By providing users with control and ownership over their virtual assets, it creates an environment that promotes innovation, creativity, and profitability for creators. Meta-space platforms that embrace the concept of real digital ownership will be at the forefront of the virtual ecosystem and attract users looking for true ownership and control over their digital assets.
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