- Ethereum Founder, Vitalik Buterin doubted the idea of Metaverse in a recent Tweet.
- Buterin said Metaverse will happen but it’s too early for it as if now, anything that Facebook creates will misfire.
- Companies like Meta, Microsoft, and Sony have announced a separate alliance to set the standards for the Metaverse.
Vitalik Buterin, the developer of the world’s second-largest blockchain project, Ethereum, gathered headlines while commenting on the idea of Metaverse.
In a Twitter thread talking about what the metaverse will look like, he claimed that ongoing corporate efforts don’t appear to be successful, and also condemned the tech giant founded by Mark Zuckerberg.
Writing on his official Twitter handle, Buterin said:
The world currently really doesn’t know the idea and the concept of metaverse yet, it’s very early to know what people actually want. The critique is more than that Metaverse Wikipedia will conquer against Metaverse Encyclopedia Britannica. So anything created by Facebook now will definitely misfire.
The metaverse is frequently described as an extension of the current internet, which is focused on immersive 3D worlds and online communities where people interact through using virtual reality headsets and augmented forms of reality.
Buterin describes the establishment of the metaverse as an unavoidable step in the development of modern-day technology.
How the metaverse will look like and will be shaped, there is stress between the centralized authority of corporations and the decentralized forms of ownership that blockchain technology provides.
Recently it was also seen, that a group of companies formed a separate alliance, which included Microsoft, Meta, and Sony, with the aim of creating and setting standards for the metaverse.
The Sandbox is one of the most well-known Web3 metaverse projects at the moment and Yuga Labs, which was created by the Bored Ape Yacht Club, both are in the initial stage of their own metaverse gaming projects.
In the science fiction novel “Snow Crash” written by Neal Stephenson in 1992, the term Metaverse initially appeared.