CrypLogger.com
  • Home
  • Exclusive
  • Learn About Coins
  • Artificial Intelligence
  • Special Projects
  • News
  • Opinions
  • Current Prices
No Result
View All Result
  • Home
  • Exclusive
  • Learn About Coins
  • Artificial Intelligence
  • Special Projects
  • News
  • Opinions
  • Current Prices
No Result
View All Result
CrypLogger
No Result
View All Result
Home Opinions

current attempts to create a metaverse will fail

by Vaibhav
July 31, 2022
in Opinions
0
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

The existing attempts by corporations to create a metaverse will lead nowhere, since people do not yet “know” what it should look like. This was stated by the co-founder of Ethereum Vitalik Buterin.

The “metaverse” is going to happen but I don’t think any of the existing corporate attempts to intentionally create the metaverse are going anywhere. https://t.co/tVUfq4CWmP

— vitalik.eth (@VitalikButerin) July 30, 2022

“The Metaverse is coming, but I don’t think the current corporate attempts to deliberately create a virtual world will get anywhere,” he wrote.

Buterin’s words were a response to developer Dean Eigenmann. The latter noted that the metaverse is a viable concept, but it is unlikely to be implemented on the basis of those tools in which “venture investors are now investing money.”

See also  Robert Kiyosaki recommended buying bitcoin before the "crash landing"

Related articles

Robert Kiyosaki Predicted Bitcoin Growth to $500,000

Robert Kiyosaki recommended buying bitcoin before the “crash landing”

March 15, 2023
The crypto community is worried about the collapse of banks

regulators let banks know that cryptocurrencies are toxic

March 14, 2023

Other eminent members of the community also joined the discussion. Ribbonfarm blogger Venkatesh Rao pointed out that the market is in a unique situation where dependence on hardware puts the big players in a winning position.

hmm. I think the barrier to entry being a bleeding edge bit of evolving research hardware has created a rare case of a necessary condition favoring large incumbents. The idea wouldn’t even be under discussion without Quest 2.

— Venkatesh Rao (@vgr) July 30, 2022

“My critique goes deeper than ‘Wikipedia’s metaverse will beat Britannica’s’ metaverse.” The thing is, we don’t yet know the definition of a “metaverse”. It’s too early to know what people really want. Therefore, everything that Facebook creates now will misfire, ”Buterin replied.

Rao added that Meta’s only goal is to dominate the hardware market:

“Until an open source headset surpasses [Oculus] Quest in terms of value for money, they will hold the desired position, no matter what happens to the content.”

Solana founder Anatoly Yakovenko also believes that large corporations will remain the main players in this market for the foreseeable future. According to him, this is primarily due to the cost of producing complex games.

Games are still way to expensive to make, as apposed to photos, or short form video or text. As long as that’s true, metaverse will skew heavy towards big studios.

— SMS T◎ly, 🇺🇸 (@aeyakovenko) July 31, 2022

Recall that analysts at Citibank, the largest international bank, predicted the growth of the metaverse economy to $13 trillion by 2030.

See also  Brad Garlinghouse predicted the exit of crypto companies from the US

Read Cryplogger bitcoin news in our Telegram – Cryptocurrency news, courses and analytics.

Found a mistake in the text? Select it and press CTRL+ENTER

Share76Tweet47

Related Posts

Robert Kiyosaki Predicted Bitcoin Growth to $500,000

Robert Kiyosaki recommended buying bitcoin before the “crash landing”

by Vaibhav
March 15, 2023
0

Rich Dad Poor Dad bestselling author and entrepreneur Robert Kiyosaki has once again called for investing in gold, silver and...

The crypto community is worried about the collapse of banks

regulators let banks know that cryptocurrencies are toxic

by Vaibhav
March 14, 2023
0

Signature Bank resolved the outflow of deposits by the time the New York state regulator decided to close the financial...

The crypto community is worried about the collapse of banks

The crypto community is worried about the collapse of banks

by Vaibhav
March 13, 2023
0

The problems of three banks - Silvergate Bank, Signature Bank and Silicon Valley Bank (SVB) - have raised concerns among...

Bill Gates doubts the breakthrough potential of the metaverses

Bill Gates called AI the “most important” innovation of our time

by Vaibhav
March 12, 2023
0

Improvements in artificial intelligence are the "most important" innovation at the moment. This was stated by billionaire and founder of...

Steve Wozniak warned about “terrible mistakes” ChatGPT

Steve Wozniak warned about “terrible mistakes” ChatGPT

by Vaibhav
March 11, 2023
0

Apple co-founder Steve Wozniak advised caution about ChatGPT, developed by OpenAI. He stated this on the air of the TV...

Load More

Recent News

  • Judge Gives U.S. Attorneys Until October 3 To Solve Case Against Alex Mashinsky
  • Alphapo payment system hack valued at over $60M – ZachXBT
  • Avalanche Foundation allocates $50 million investment to purchase asset tokens on the network
  • Era Lend on zkSync used for $3.4 million replay attack
  • Abu Dhabi Regulator Grants Trading Firm Rain Permission to Offer Cryptocurrency Services
  • Flashbots Becomes a Unicorn in a $60M Round
  • FOMC Preview: What Bitcoin and Crypto Traders Should Prepare for
  • Game Developer Solana Automata Announces Massive Layoffs
  • Is Cardano TVL a Critical Factor for Reviving ADA Prices?
  • Elon Musk: X will cover half of the global financial system
  • Cryptocurrency-friendly Robinhood moves closer to UK with local CEO appointed
  • Ducati to launch NFT in partnership with XRP Ledger
  • Media: auditors did not find anything suspicious in the scandalous deal with FTX Europe
  • Elon Musk says X will offer ‘the entire financial world’ in the coming months
  • Journalists learned about the reduction of 30% of the staff of the KuCoin exchange
  • EraLend DeFi protocol hacked for $3.4 million
  • Era Land protocol lost $3.4 million in hack
  • The creator of Axie Infinity will develop a new game in collaboration with CyberKongz
  • Azimut Group refuses to pay BlackCat bitcoin ransomware
  • Media: Worldcoin fell under the sight of the UK regulator
  • Home
  • About Us
  • CCPA
  • Contact Us
  • DMCA
  • Privacy Policy
  • Terms of Use
Email: contact@cryplogger.com

© 2021-23 Cryplogger.com
CrypLogger is a cult magazine about bitcoin, blockchain technology and the digital economy. Every day we supply news and analytics on the cryptocurrency market since 2021.

No Result
View All Result
  • Home
  • Artificial Intelligence
  • Special Projects
  • News
  • Opinions

© 2021-23 Cryplogger.com
CrypLogger is a cult magazine about bitcoin, blockchain technology and the digital economy. Every day we supply news and analytics on the cryptocurrency market since 2021.

Go to mobile version