Over the past few months, metaverse updates have made headlines. With companies like Facebook, Nike, Tinder, Tencent, Roblox and others entering the space, the metaverse has garnered some serious attention.

Among these giants, Facebook has shifted its focus from being primarily a social media platform to building a meta-universe altogether. However, Facebook's giant leap has raised considerable eyebrows while creating a sense of unease among the promoters of the decentralized meta-universe.

Is Facebook a threat to the envisioned metaverse?

Facebook, infamous for its political bickering and data insensitivity backtracking, has not been as popular in the metaverse. The company finds itself in another political bind with European governments due to data handling conflicts. Devotees of the decentralized metaverse say Facebook can threaten everything the metaverse stands for.

A recent minor incident at Facebook has angered the masses with a lack of confidence and projected it on a powerful political scale. The company's latest political troubles began with strong opposition from European governments to its data processing policies. Until 2020, Facebook relied on the SCC, or Standard Contractual Clauses, to migrate data from its EU user base to the United States.

However, the European Court of Justice struck down the EU-U.S. Privacy Shield, saying that data held and processed in the U.S. is not secure and that EU citizens have no practical way to challenge U.S. government surveillance. Theoretically, the NSA could require any U.S. data processing company to hand over user data. Data transfers do not adequately protect the privacy of European citizens, and the EU is working on a new set of legislation that will determine the fate of data processing for European citizens.

The new EU legislation requires a higher level of responsibility and accountability from data importers, and Facebook does not want to take responsibility, comply with regulations and spend more on data processing.

In response to the new legislation, Meta, albeit with few words, threatened the EU to stop Facebook and Instagram in Europe unless the EU allowed them to process data in the US. EU ministers did not concede to these threats and resumed their position on strengthening the regulatory environment.

Regulators are no longer as forgiving as they were a few years ago, and Facebook is no longer in a position of power. Experts from the EU claim that it is highly unlikely that Facebook will act on such threats, given its recent history of plummeting daily user numbers and a 30 percent plunge in its share price. In the grand scheme of things. Facebook is no longer in a position of power.

Given Facebook's track record of failure in building software and hardware, it's clear that Facebook can't just buy its way into the Metaverse now. Its trajectory of failure and irresponsible cadence is also beginning to force questions about its shift to a metaverse focus. However, this suggests that the metaverse of centralized entities has never been an exciting thing

Decentralization – the only fuel to run the meta-universe –

Facebook has an unprecedented amount of control. Having a centralized power to control people's data is very strange. At the Reuter Next conference, the co-founder and chairman of Animoca Brands, and builder of the Meta Universe platform, said, "What Facebook is doing with Meta is a 'fake meta-universe,'" unless they have an accurate description as to how we can actually have it. Until then, it's just Disneyland." As long as Facebook's data-trafficking business model remains unchanged, the metaverse will be an even scarier version of Facebook.

In order for web3 to be what it envisions for its users, decentralization and sovereignty need to be at the core of its construction. Decentralization is the only sustainable way for the metaverse to grow. Without any compromise, centralized companies cannot achieve this goal. Young companies like LUDO, a Georanker-powered platform, build the metaverse search engine differently, not only by unifying data like a central authority, but also by providing solutions to aggregate on-chain data from different sites, chains, companies and optimize the maximum benefit of the data collected among users and individuals.

With many companies entering the metaverse space, companies like LUDO are working to make metaverse search engines more effective in focusing on the interests of their users.