Ethereum’s Co-founder says Facebook’s metaverse will ‘misfire,’
by According to Vitalik Buterin, because “it is far too early to know what people want.” He believes that none of the existing corporate attempts to create a metaverse is solid. stating that Facebook’s metaverse will misfire.
In response to a tweet from Dialectic co-founder Dean Eigenmann. Who believes venture capitalists may be mistaken about what constitutes an ideal metaverse. Buterin stated that while he believes “the metaverse is going to happen,”. He does not feel any current corporate efforts, are “going anywhere.”
Meta has created a number of AR and VR applications. Including the Meta Horizons Workroom, a virtual reality room where colleagues can connect and collaborate on ideas. Meta has also created first-generation intelligent glasses. That allows users to connect to the Metaverse by recording audio and video and immersing themselves in virtual worlds.
What really IS the metaverse? Facebook’s metaverse will misfire?
The Metaverse is commonly described as a highly interactive 3D online world. focused on social connection. Some anticipate that it will eventually be powered by augmented reality (AR) and virtual reality (VR) (VR).
Buterin’s remarks come despite the fact that there are a number of successful blockchain-based metaverse projects. Such as EnterRealm and Landz, which have recently been launched. Buterin, on the other hand, stated that its use cases are still unclear. And that he does not believe Meta’s attempt to create a metaverse will be successful in its current form:
Others argue that centralized metaverses, such as those proposed by Meta and Microsoft. May impact the decentralization of ownership of goods and services within those metaverses.
“We’re seen as a social media company, but in our DNA, we’re a company that builds technology to connect people, and the metaverse is the next frontier.”
Mark Zuckerberg
On the other hand, metaverse developers, have formed the Open Metaverse Alliance (OMA3) with the goal of creating more transparent, inclusive, decentralised, and democratised metaverses.
The Metaverse Standards Forum (MSF) seeks to build on these values. By establishing standards for a more open and interoperable metaverse. Among the 35 tech companies that have joined the MSF are Meta, Microsoft, Nvidia, Alibaba, Unity, and Sony.
This is consistent with Meta CEO Mark Zuckerberg’s letter to stakeholders last October. He stated that the Metaverse is the next chapter for the internet.
Facebook’s metaverse will misfire? This is a question we’ll come to know the answer to in the near future.