CupofDalek,

Just saw this on reddit:

's platform incorporated and is integrating mastodon onto their platform in 2024 👀

Interested in seeing how this goes!

https://www.news.viverse.com/post/the-fediverse-explained-social-media-s-next-form

cragsand,
@cragsand@mastodon.social avatar

@CupofDalek This is interesting... but what is the exactly?
I feel I'm a bit out of the loop here.
Is it HTC:s social VR platform similar to but only for users?
Browsing their website most of it is not in English but Chinese or Japanese.

cragsand,
@cragsand@mastodon.social avatar

@CupofDalek Oh no... it's their own "metaverse" but with digital ownership via NFTs... :AngeryCat:
They'll end up just getting blocked on most fediverse and mastodon servers promoting that crap.

CupofDalek,

@cragsand

I need to look into it more, but it feels like viverse is their version of meta's horizon worlds

I wasnt aware of NFT involvement though, they have that?

I need to look into how nft technology is actually being used.

If we are talking about digital collectibles here, yeah that's some dumb shit, but NFT has legitimate practical utility I would love to see.

If someone uploads one of those worlds for example and transfer of ownership happened via NFT thats dope!

cragsand,
@cragsand@mastodon.social avatar

@CupofDalek I clicked through and joined it in desktop mode in WebGL as a guest and the first thing I saw was Ads for some "fresh minting" of dog NFTs... :AAAAAA:

CupofDalek,

@cragsand oh hmmm Ill have to look at that, sounds gross! But maybe that was limited to someones world? (From what I saw, I guess anyone can upload worlds?, not sure)

cragsand,
@cragsand@mastodon.social avatar

@CupofDalek I'm all for more social VR platforms but hopping on the NFT and crypto train is a huge big nope - NFT - NO FUCKING THANKS - for me.

Monetization for creations is good, like VRChat implemented a currency system to help creators. It has to be done respectfully though with actual legit business practices that do benefit creators.

Not wasteful grifts that just lines the pockets of crypto hodlers who are gonna rugpull and disappear at the first chance they can.

CupofDalek,

@cragsand

Nanana I agree dont get me wrong, but man there is 100% a correct way to implement crypto into an ecosystem without GREED. These platforms just havent done it lmao

I mean VRChat's vbucks are tokenized currency too, just like crypto

Pros:
More stable value

Cons:
Locked into platform
Not transferable
Creators loose out on around half of its value

Projects doing their own token is a bad idea, but if they implemented say Polygon?

Super low transaction fees, no financial lock in. 🎇

cragsand,
@cragsand@mastodon.social avatar

@CupofDalek Using cryptography for virtual currency is fine. When I say "crypto" I mean using proof-of-work (waste of energy) or proof-of-stake (profit for thieves) blockchains in distributed ledgers.

Trust-less systems only benefit criminals. The argument that they're trust-less in the first place is an oxymoron as any large enough movement can 51% attack or fork.

Here's a great read about how byzantine fault tolerance makes decentralized cryptocurrency doomed to fail.
https://antsstyle.medium.com/why-nfts-are-bad-the-long-version-2c16dae145e2#ce7b

CupofDalek,

@cragsand Man im still on the clock and that looks long lmao, but bookmarked and will read!

cragsand,
@cragsand@mastodon.social avatar

@CupofDalek Its a good read I recommend 👍 :BlobHajMlem:

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