The metaverse is exploring the potential of Web3 to introduce a moral and socially beneficial dimension,

 

The metaverse is exploring the potential of Web3 to introduce a moral and socially beneficial dimension, where tokens can be earned through positive actions rather than financial transactions.  This shift from traditional financial incentives to a rewards-based system could redefine societal values and challenge the dominance of money in determining one's status. The "positive actions" concept in the metaverse includes contributions to crowdsourcing projects, supporting fundraisers, or assisting with web issues. Distributed ledger technology can record these actions, creating a dual tokenomics system. One class of tokens can be obtained through routine activities or purchased with fiat currency. Centralized governance for this system could undermine the principles of decentralization. China's social credit system, which was more punitive, contrasts with this positive reinforcement approach. The metaverse offers a unique environment to test and refine these Web3-based models. A 2019 study by experts collaborating with Oculus VR suggests that the firm is looking into user-led moderation strategies in its VR platforms to address the challenges posed by centralized governance.