Highlights
00:10 — This episode is brought to you by the Cloud Wars Expo. This in-person event will be held June 28th to 30th at the Moscone Center in San Francisco, California.
00:24 — The multinational bank, HSBC, became the first bank to purchase real estate in the Sandbox Metaverse.
00:46 — HSBC has joined a number of well-known, prominent organizations, such as the Warner Music Group, the fashion house Gucci, and Adidas.
01:06 — This big step forward for HSBC follows on the back of JP Morgan, as this is something we should start to expect in the banking field. However, when many well-known organizations decide to choose a single Metaverse space, the concept of a free, decentralized Metaverse is affected.
02:08 — Could decentralization occur more on other platforms where there’s more creative freedom? Could we see in the virtual world what we see in the real world?
02:37 — We see parts of cities where popular, famous, wealthy brands position themselves together. Outside of the city center, you find your independent high streets with their independent shops. Is this what’s going to happen with the Metaverse?
03:14 — If we see individual areas populated by famous brands and smaller brands essentially sidelined, what does this mean for the ethos of the Metaverse?
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