Vitalik Buterin says Meta’s Metaverse will misfire
A few reasons from the Ethereum co-founder:
- The social media giant is getting ahead of itself with Metaverse innovation. «It's that we don't really know the definition of "the metaverse" yet, it's far too early to know what people actually want. So anything Facebook creates now will misfire.»
- The “corporate” Metaverse, which probably excludes successful decentralized virtual world projects such as Decentraland and The Sandbox.
- Buterin doesn’t share the same opinion as the investment bank Citi: earlier this year, Citi reported that the Metaverse industry could already be worth $13 trillion by 2030. Because people are not yet ready for such a breakthrough.
This thought is supported by the fact that last week Meta announced a quarterly loss of $2.8 billion for its Metaverse-VR division, Reality Labs.
❓Do you believe in the success of the metaverse within 10 years?