[TimJRobinson]

It's unlikely there will be one "world" with overseers and moderators, just like the internet is not one website.

The "metaverse" (not Facebook's) can be an open source platform where anyone can create their own worlds which accept the items they've added support for. This is the direction Decentraland is going in.

The core libraries to build your world will be open source and standardized, like a game engine, but the actual content will be up to the creators.