Join the larget crypto conference of 2024 in Bitcoin

BSV president requests Meta to keep data for its metaverse project decentralized blockchain

BSV president requests Meta to keep data for its metaverse project decentralized blockchain 2

President of the BSV Association Jimmy Nguyen thinks that Meta will soon adopt a policy wherein it will not store the data on its servers.

Although Meta has still not launched its Metaverse project, the president of the Bitcoin SV (BSV) Association Jimmy Nguyen, believes that storing user data in a public blockchain is rather a good idea for the company.

In an interview Nguyen suggested that the global, interoperable metaverse ecosystem means that the personal data is stored in the public blockchain, Nguyen further noted that in case Meta applies this method, it will turn into an interface that will be connecting the blockchain to the companies metaverse apps. This will further allow other metaverses to access user data after that user gives their consent.

BSV President says:

   -----Cryptonews AD----->>> 

BYBIT - Copy Trading

Sign up for a Bybit account and claim exclusive rewards from the Bybit referral program! Plus, claim up to 6,045 USDT bonus at .

  <<<-----Cryptonews AD-----  


“Hope Meta/Facebook will take the process of creating metaverse where they will just build the environment, but also will not store your identity and data on their own servers.”

Additionally, Nguyen stressed the need for a scalable blockchain capable of handling large amounts of transactions and data and that according to Nguyen, the BSV blockchain can achieve that.

Successful metaverse requires a lot of data. That’s the reason why metaverse projects can benefit from large-scale integration with blockchain, data capacity, and low fees.

For this reason, Nguyen shares its belief that BSV plays a role in blockchain metaverse in terms of payments and as the primary ledger for all data files required for projects that want to build their metaverses.

Speaking at a discussion at the World Economic Forum (WEF), a Lego Group executive said that the metaverse should be developed while keeping children’s perspectives in mind. Vice president of the company Edward Lewin, said that since children are the future users of the metaverse we are building, people should also focus on “building the metaverse from a child’s perspective”.

At the same time, a recent survey for the WEF found that developing countries are more interested in metaverse than developed countries. Of the 21,000 adults surveyed in 29 countries, those from high-income countries showed little interest in metaverse compared to the others.

Interestingly, Meta (formerly Facebook) introduced the Metaverse concept in the initial phases in Q4 2021 but Meta itself is lagging behind the race of Metaverse project development. However here we can’t say with huge surety but here updates are hinting slow development works, or may be company is preparing itself in the backend to fight against the legal issues associated with crypto use cases in Metaverse.

Read also: Solana community came together to “scam”, in order to get Stolen NFTs

BSV president requests Meta to keep data for its metaverse project decentralized blockchain











Buy bitcoin and other cryptocurrencies on crypto exchanges  Binance ,  Coinbase ,  Kraken  and  Bitfinex !



.Grapefruit Media

Grapefruit Media


Unique Meta Crypto Investing Platform

Unique Meta Crypto Investing Platform




Read more… 




Read more… 

Create your free account here… 


SUPEREX – The most secure digital asset trading platform of the world!

SUPEREX Digital asset trading network

Read more… 

Create your free account here… 


SPIN2MONEY – Investing Platform

spin2money Investing Platform

Read more… 

Create your free account here… 


SMART PART TIME Investing Platform


Smart Part Time

Read more… 

Create your free account here… 


LIGA FIFA Betting Platform

Liga Fifa Betting Platform

fifa world cup Qatar 2022

Read more… 

Create your free account here… 


Ads by Cryptonews24




Risk Reminder:
Trading foreign exchange and/or contracts for differences on margin carries a high level of risk and may not be suitable for all investors.
The possibility exists that you could sustain a loss in excess of your deposited funds.
Before deciding to trade the products reviewed by, you should carefully consider your objectives, financial situation, needs and level of experience.
You should be aware of all the risks associated with trading on margin. provides general news and advice that does not consider your objectives, financial situation or needs.
The content of this website must not be construed as personal advice. recommends you seek advice from a separate financial advisor.
Nothing on this website should be considered financial advice.
This website is for informational purposes only and you should not rely on anything that is printed or said on this website to make any financial decisions.


Please follow and like us:

Social media & sharing icons powered by UltimatelySocial