In light of the recent comments from Sandbox co-founder Sebastien Borget, we find ourselves in the midst of a fascinating discovery. While the metaverse may seem withered in the West, it’s blooming in the Asian markets. Drawing a rather sizable segregation between the usage of metaverse in the East and West, Borget is preparing to make a substantial announcement regarding the launch of Lion City, a virtual neighbourhood in the Sandbox metaverse. He claims that lay emphasis on Asian countries is crucial, giving credence to the thriving metaverse sector in nations like Hong Kong, Korea, and Japan.
However, the debate emerges when we also acknowledge the perspective from the West, where the metaverse seems to be evaporating swiftly. Is it a case of underutilization or mere disinterest? But maybe, it is Borget’s strategic focus that is the cause behind this geographical conflict. This propels us towards asking if the metaverse really is ‘dead in the west’, or has it just been enveloped by the Eastern enthusiasm?
On the flip side, aren’t we ought to be concerned about the over-concentration of business in the East? What does this mean for the rest of the world trying to find a foothold in the metaverse industry? These questions are vital as they fuel our understanding and reshape our thoughts about the prevalence and future distribution of the metaverse.
The article also informs us about the thrill in store with the introduction of dynamic NFTs by Apple’s Augmented Reality Vision Pro. Now, does this update tip the scales in favor of the West? Could this alter the current dominance of the East in the metaverse industry, or will it create other disparities? Only time will tell.
Borget definitely seems open to the shifting dynamics and seems to harbor a sense of optimism regarding the developments in the Web3 and virtual reality sector. He implies that despite geographical differences, the goal remains the same- to foster widespread Web3 adoption, regardless of the existing disparities in adoption rates between the East and the West.
It’s apparent that both sides have their merits and pains when it comes to metaverse adoption. While the East continues to thrive, new developments from the West may soon alter the balance. As enthusiasts, we can only watch and learn as this fascinating story unfolds, contemplating on where the metaverse industry is headed next.
Source: Cointelegraph
