Daily View | Saturday October 30

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【Industry News】

Viewpoint: Facebook meta-universe has almost nothing to do with the original meta-universe vision proposed by the blockchain industry

On October 30th, CoinDesk published an analysis article “Facebook stole encryption ideas again with its absurd name change.” The article stated that Mark Zuckerberg’s vision of the metaverse has little to do with the open and interoperable vision first proposed by the blockchain industry. Although Facebook’s online virtual reality (VR) will have some form of NFT integration, the broader vision is not proposed by Zuckerberg. The press conference focused on his disappointment with Apple’s App Store and Facebook’s plans to build a competitive parallel walled garden focusing on online VR experiences (CoinDesk author said he did not intend to call it a meta universe). They will charge a fee to creators who design virtual clothes. Zuckerberg even warned yesterday that fees on the platform will be high for a period of time. Zuckerberg explained that Facebook will build its online VR business at a loss for a period of time (including subsidizing equipment) to justify its high cost. The CoinDesk author also mentioned user privacy, monopoly, legal and regulatory issues, and finally concluded that the meta-universe Facebook is building is a digital hell. Brendan Forster, the co-founder of the decentralized lending platform Dharma, tweeted yesterday, “So basically this is a battle between Ethereum and Facebook in a race to create a compelling metaverse. Open vs. closed; transparent vs. . Opaque; no permission required vs. permission; community ownership vs. Zuckerberg ownership. I placed a bet. Let us build a better future together.” According to previous reports, Facebook announced that it was renamed Meta, and its meta universe will support NFT.

The Kazakhstan Data Center Industry and Blockchain Association (NABDC) released a report: Kazakhstan can earn US$1.5 billion in revenue from cryptocurrency mining in the next 5 years

On October 30th, a report from the Association of the Kazakhstan Data Center Industry and Blockchain (NABDC) estimated that cryptocurrency mining may bring the country $1.5 billion in revenue in the next five years. Currently, the country’s corporate digital currency mining activities generate approximately 98 billion tenge (230 million U.S. dollars) each year. The local news media kapital.kz quoted NABDC Chairman Alan Dordzhiev as saying, “The 98 billion tenge figure is only the economic effect of the companies officially involved in mining. If we consider the’gray’ miners, then this number can be multiplied by 2.” “Gray miners” refer to individuals who conduct crypto mining and usually have a controversial legal status. The association called for strengthening supervision and cracking down on illegal mining to prevent possible power shortages. According to Dordzhiev estimates, gray miners consume approximately 500 megawatts of electricity in the country. Earlier this month, Kazakhstan’s Ministry of Energy proposed a draft order to limit the electricity consumption of encrypted mining.

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