The Importance of Real Digital Ownership

03/01/2023 09:59 • NFT Newsflash • 151 views

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”

Interpret the above information:

In a recent statement, Sebastien Borget, the co-founder of The Sandbox, emphasized the significance of real digital ownership for meta-space platforms. The Sandbox is a blockchain-based game that allows players to create, share, and monetize their virtual experiences. Borget stated that unlike other platforms such as Roblox and Fortnite, The Sandbox provides users with the freedom to move their digital assets between different platforms.

Borget argued that real digital ownership is crucial for users to have complete control and autonomy over their virtual images, wearable devices, equipment, land, houses, and the content they create and earn. He further added that creators should be the rightful owners of their work and should receive 95% or 100% of the income they generate, as they have contributed to the development of the platform.

This statement highlights the ongoing debate surrounding digital ownership and income distribution in the virtual world. Historically, platforms such as Roblox and Fortnite have retained control over users’ digital assets, limiting their ability to transfer ownership or profit from their creations. In contrast, The Sandbox’s use of blockchain technology enables users to have transparent, immutable ownership of their digital assets, ensuring that creators have full control over their hard work and contributions to the platform’s development.

Moreover, Borget’s emphasis on income distribution is another crucial component of this discussion. For years, virtual creators have received minimal compensation for their work, with platforms reaping the majority of the earnings. The Sandbox’s approach of transferring the majority of the profits back to creators incentivizes them to continue producing high-quality content while also promoting a fair distribution of financial rewards.

In conclusion, Borget’s statement highlights the importance of real digital ownership for the current and future of virtual world ecosystems. The ability to freely move digital assets and unequivocal ownership is essential to empower creators and foster innovation. Furthermore, equitably distributing profits will ensure that talented creators are rewarded for their hard work, ultimately driving more creativity and growth in the virtual world.

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The Importance of Real Digital Ownership

The Sandbox co-created: the metauniverse needs to be “open”

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