Drawbacks of Centralized Metaverses
The problem of existing metaverse projects is that their currency is highly centralized or controlled by the metaverse creators. Players are at high risk due to mainly these reasons:
The creator has the power to mint new tokens depreciating players' assets.
The creator holds a considerable portion of tokens, having the possibility to dump their holdings, thus triggering a panic selling or rug pull (abandon the project and run away with funds).
The tokenomics is not transparent. The exact token mechanism and distribution might not be apparent to the public.
Project intrinsic risk. The developers might choose a very wrong path causing its metaverse to lose players' interests; or generate a severe bug causing a financial crisis.
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