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Home»Bitcoin»Ethereum Co-Founder Vitalik Buterin Criticizes Companies’ Metaverse Attempts – ‘Anything Facebook Creates Now Will Fail’ CryptoGlobe
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Ethereum Co-Founder Vitalik Buterin Criticizes Companies’ Metaverse Attempts – ‘Anything Facebook Creates Now Will Fail’ CryptoGlobe

August 1, 2022No Comments4 Mins Read
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Ethereum Co-Founder Vitalik Buterin Criticizes Corporate Metaverse Attempts -

On Saturday, Ethereum co-founder Vitalik Buterin took to Twitter and offered his views on “existing corporate attempts to create the metaverse.” Buterin noted that a metaverse will happen, but he doesn’t believe the companies’ current metaverse attempts are going anywhere.

Ethereum’s Vitalik Buterin Shares His Thoughts on Existing Enterprise Metaverse Attempts

This weekend Vitalik Buterin discussed the metaverse after sharing a tweet from the co-founder of Dialectic and blockchain auditor Dean Eigenmann, who said he doesn’t believe the metaverse “will happen the way VC currently funds”. Buterin shared Eigenmann’s tweet on Saturday and endorsed the assessment.

“The ‘metaverse’ is going to happen, but I don’t think any of the existing attempts by companies to intentionally create the metaverse are going anywhere,” Buterin said. said. 24 hours later, Buterin’s metaverse tweet is closing in on 10,000 likes and nearly 1,500 retweets.

Buterin’s metaverse statement got a lot of responses and one person wrote“I think the barrier to entry being a cutting edge piece of evolving research material has created a rare case of a necessary condition favoring large incumbents. The idea wouldn’t even be in discussion without Quest 2. »

Buterin responded to this specific tweet and shared his views. “My criticism goes deeper than ‘Metaverse Wikipedia will beat Metaverse Encyclopedia Britannica,'” Ethereum co-founder replied. It’s that we don’t really know the definition of “metaverse” yet, it’s far too early to know what people really want. So anything Facebook creates now will fail.

Facebook has directed a lot of energy towards metaverse concepts and even renamed the company Meta long after it acquired virtual reality company Occulus. Many others Moral people are looking to build some sort of metaverse and the term metaverse has been an overused catchphrase in thousands of press releases and articles.

Business executives try to fix metaverse problems, crypto proponents say metaverse will be an ‘organic community’ and ‘help incorporate other communities’

So far, the so-called metaverse is arguably an incomplete mess of virtual worlds, non-fungible tokens, alternate and augmented realities, artificial intelligence, three-dimensional (3D) worlds, and video game concepts. Many individuals, the skepticsand surveys have interrogates whether or not the metaverse will be a disaster.

However, executives from Disney, Microsoft and Warner have describe how they would solve problems in the metaverse. An executive at Ubisoft said he thinks of players who reject non-fungible tokens (NFTs) because they don’t understand the benefits.

The Youtube channel’s Twitter account Lily’s show responded to Buterin’s statement and said: “totally agree – the real power of the ‘metaverse’ is in organic community building. The ecosystem and foundation are already there (in many ways thanks to you). Nice to see it thriving in the years to come.

Another person replied to Buterin’s tweet and said:

I have a theory – it’s to work with each of the communities and create a simple (high quality, non-web based) sandbox style game first. I think the crucial thing is to help integrate other communities and not just rely on your own.

Keywords in this story

3D worlds, Adidas Metavers, Buterin Metaverse, Reviews, Dean Eigenmann, disney, ETH, ether, Ethereum, Facebook, Lily’s show, Meta, Metaverse, metaverse comments, metaverse reviews, Microsoft, nft, NFT, Nike, Non-fungible tokens, occulus, Organic community, CV, video game, Vitalik Buterin, Metaverse Vitalik, Warner

What do you think of Buterin’s comment on the current trend of enterprise metaverse concepts? What do you think of the subject of the metaverse? Let us know what you think about this topic in the comments section below.

Jamie Redman

Jamie Redman is the News Manager at Bitcoin.com News and a fintech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He is passionate about Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written over 5,700 articles for Bitcoin.com News about disruptive protocols emerging today.




Image credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. This is not a direct offer or the solicitation of an offer to buy or sell, or a recommendation or endorsement of any product, service or company. bitcoin.com does not provide investment, tax, legal or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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