Executives from social media giant Meta Platforms and blockchain gaming company Animoca Brands squared off at a webinar in Hong Kong on Thursday, openly questioning each other’s business models as debate over the future of the metaverse heats up.
Meta, parent firm of Facebook, Instagram and WhatsApp, and Hong Kong-based Animoca, developer of blockchain gaming platform The Sandbox, are both trying to convince investors and users that they hold the key to the future of metaverse – a network of 3D virtual worlds focused on social connection and exchange.