Mon 01 August 2022 ▪ 1:00 PM ▪
min read – by
For the founder of Ethereum, the failure of the metaverse is inevitable until we understand” what people really want », and as long as we do not know its meaning. To say that there are currently a whole host of companies and institutions that are starting to put all their energies into becoming masters of the virtual world.
Vitalik Buterin didn’t mince words on Twitter yesterday as he discussed the future of the metaverse. His commentary on Dialectic’s thoughts on this subject, Dean Eigenman, shows the essence of his thinking.
Here’s part of it:
” The ‘metaverse’ is going to happen, but I don’t think current attempts by companies to intentionally create the metaverse will succeed. »
But Eigenmann does not see it that way. For him, ” all ideas about concepts make sense, communities rush to virtual worlds, etc. The only problem is the way venture capital firms are appropriating this new Eldorado.
The co-founder of Ethereum is not one to say anything when it comes to blockchain-related innovations. Also, didn’t his avant-garde ideas lead to the pinnacle of Merge, the move from Proof-of-Work (PoW) to Proof-of-Stake (PoS)? And not alone!
But there are at least two parameters to consider to avoid failure of the metaverse:
- establishing a true and shared meaning of this term;
- and the knowledge of what people really want “.
Unfortunately, we are not quite there yet.
” We don’t really have a definition of ‘metavers’ yet, it’s way too early to know what people really want. So anything Facebook makes now is going to crash. “, hammers the one who is no longer a billionaire in cryptocurrency against a backdrop of bear market.
Remember that the metaverse is presented as an evolution of the Internet, a transition from Web2 to Web3. To best mark this break, the promoters of the metaverse use technologies associated with the immersive world in 3D and online communities to create an adequate structure. There the possibilities are endless, both for companies such as AXA France and for the US military.
But for the average person, the challenges lie in the interactions supported by the use of virtual reality (VR) headsets or forms of augmented reality (AR). Of course, he is entitled to an avatar to move wherever he wants in the metaverse.
As for Meta, whose failure of the metaverse was predicted by Vitalik Buterin, it was born in October 2021. This is the new name of Facebook after Mark Zuckerberg decided to turn on the higher speed to conquer the Web3.
Do not believe that the American billionaire took this decision lightly. He has indeed prepared that switch well, knowing that in 2014 Facebook acquired Oculus, the specialist in VR headsets, for 2 billion dollars.
” I believe the metaverse is the next chapter of the internet. Today we are seen as a social media company. But in our DNA we are a company that builds technology to connect people. And the metaverse is the next frontier Zuckerberg says.
Currently, MZ also likes to count on Apple to make better progress in the sector.
Unfortunately for Meta, the weather is not looking good yet. A final earnings report for the company listed a $2.81 billion loss in the 2e trimester. The company that wanted to be in 2021 alone number one in the virtual world lost $10.2 billion to the metaverse. When Vitalik Buterin makes such comments about Meta’s future, he certainly gave him more time to think about his case.
Sources: CryptoPotato; decode
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