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open source

True composability is not possible without open source, the practice of making code freely available and able to redistribute and modify it at will. Regardless of degree or kind, open source as a principle is so important to metaverse development that we have broken it down as a separate component, albeit one that overlaps with composability above.

So what does open source mean in a metaverse development environment? The best programmers and creators - not platforms - need complete control to fully innovate. Open source and openness help ensure this. When code bases, algorithms, markets, and protocols become transparent public products, builders can pursue their visions and ambitions to build more complex, reliable experiences.

Openness leads to more secure software, greater understanding of economic terms by all parties, and the elimination of information asymmetries. These attributes can create fairer, more equitable systems that actually keep network participants aligned. They can even eliminate the need for outdated U.S. securities laws, which were designed decades ago to reconcile long-standing principal-agent problems and information asymmetries in the business.

The power of composability in Web3 owes much to its open source ethos.