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Corporate Attempts To Build Metaverse Will “Misfire” Says Vitalik Buterin

8/1/2022

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Co-Founder of Ethereum (ETH) Vitalik Buterin tweeted on July 31st that the metaverse will be built, but noted his skepticism about corporate attempts to build the metaverse, adding that Meta’s efforts will “misfire.” 

“It Is Far Too Early to Know What People Want” 
Buterin claimed that the nature of the use cases for the metaverse are still unclear, and that Meta’s attempt to build a metaverse will prove to be ineffective:
"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."

uterin made the assertion in claim in response to a statement made by Co-Founder of Dialectic Dean Eigenmann, who wrote that, as an ex-gamer, he is struggling to formulate a definition for metaverse:
"All the ideas on concepts make sense, communities are moving to virtual worlds, etc. but I still do not believe it will happen in the ways VCs are currently funding."

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  • Home
  • Photos 2022
    • Videos 2022
  • News
  • Nominations
    • Top Debut in Metaverse
    • Top European Metaverse
    • Top VC/Accelerator/Incubator
    • Top Blockchain Developer Services Provider
    • Top Blockchain Game of the Year
    • Top CVC Partner for Web 3.0/Metaverse
    • Top Corporate Partnership
    • Top Legal Firm or Services for Metaverse/Web 3.0 businesses
    • Top Avatar Design, Digital-Twin, or Identity Company
    • Top Cloud, Enterprise or Technology Partner
    • Top Partner for establishing early-stage presence in Metaverse
    • Most Innovative NFT Project
    • Top 3D Design Firm for Metaverse
    • Top Global City for Web 3.0/Metaverse Ecosystem
    • Top Fashion or Consumer Brand Initiative
    • Top Sports, or Events, Brand Initiative
    • Top B2B or Industrial Initiative in Metaverse
    • Top Wallet, or Digital Payment, ecosystem
    • Most Exciting StartUp or Early-stage Company
    • Top XR/AR/VR Firm for Metaverse
    • Top Consumer Hardware or Interface for Metaverse/Web 3.0
  • The Event
    • Agenda
    • VIP Jury
    • Brella Event App & Networking
    • Venue
    • Hotel Reservation
    • FAQs
    • Tickets
      • Pay via Credit Card
  • Contact