On Saturday, the co-founder of Ethereum, Vitalik Buterin, took to Twitter and gave his perspective on the “existing corporate attempts to create the metaverse.” Buterin noted that a metaverse will happen, but he doesnt believe the current corporate metaverse attempts are going anywhere.
Ethereum’s Vitalik Buterin Shares His Thoughts on Current Corporate Metaverse Efforts
This weekend Vitalik Buterin discussed the metaverse after sharing a tweet from Dialectic and Blockchain Auditor co-founder Dean Eigenman, who Told He doesn’t believe the metaverse will be “the way VCs are currently funding.” Buterin shared Eigenmann’s tweet on Saturday and agreed with the assessment.
“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,” Buterin said. 24 hours later, Buterin’s tweet about the metaverse is closing in on 10,000 likes and close to 1,500 retweets.
Buterin’s Metaverse statement received a lot of reactions and one person wrote: “I think the barrier to entry, a bleeding edge of research hardware development, has made a rare case of a necessary condition in favor of the larger incumbents. This idea wouldn’t even be discussed without Quest 2.”
Buterin responded to this specific tweet and shared his perspective. “My critique is deeper than ‘Metaverse Wikipedia will beat Metaverse Encyclopedia Britannica,’” Ethereum’s co-founder replied. 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.”
Facebook has directed a lot of energy toward the Metaverse concept and even renamed the company Meta long after it acquired virtual reality company Oculus. Many other corporate entities are looking to create some sort of metaverse and the term metaverse has been heavily used in thousands of press releases and articles.
Corporate Execs Attempt to Address Metaverse Problems, Crypto Supporters Say Metaverse Will Be an ‘Organic Community’ and ‘Helping Incorporate Other Communities’
So far the so-called metaverse is arguably an incomplete mess of virtual worlds, non-fungible tokens, alternative and augmented realities, artificial intelligence, three-dimensional (3D) worlds, and video game concepts. Many individuals, skeptics, and surveys have questioned whether or not the metaverse will be a disaster.
However, executives from Disney, Microsoft and Warner have described how they will address the problems in the Metaverse. A Ubisoft executive said he thinks gamers who reject non-fungible tokens (NFTs) because they don’t understand the benefits.
The Twitter account for the Youtube channel Lily’s Show responded to Buterin’s statement and said: “completely agree — the real power of the ‘metaverse’ is in organic community building. The ecosystem and the foundation is already here (in many ways thanks to you). Excited to see it flourish over the coming years.”
Another person responded to Buterin’s tweet, saying:
I have a principle – it’s to work with each community and create a simple sandbox-style game in the first place (high quality, non-web-based). I think the key component is helping other communities get involved and not building it on their own.
