Vitalik Buterin says Meta’s creation in the Metaverse will “misfire.” He posted his view via Twitter on 31 July.
The Tweets by Vitalik Buterin
On 31 July, Vitalik Buterin was talking about the Metaverse on Twitter. Later, the topic of Meta in the Metaverse world came up. In his tweet, he referred to Meta using its former name, Facebook.
My critique is deeper than "Metaverse Wikipedia will beat Metaverse Encyclopedia Britannica". 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.
— vitalik.eth (@VitalikButerin) July 31, 2022
Vitalik Buterin said on Twitter that people do not understand the term Metaverse yet. And it is too early to know what people want. Therefore, anything Facebook has done will misfire. Vitalik Buterin is not convinced that any efforts by existing companies to create the Metaverse are working. But he said that the Metaverse is going to happen.
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
Previously on Reality Labs
Reality Labs is the metaverse division of Meta. They previously revealed in the Q2 report that the division lost $2.81 billion. However, Mark Zuckerberg remained confident about the company. He added that the company would be happy that they played in this industry in the future.
Vitalik Buterin may have a point that people still do not fully understand the definition of the Metaverse. But other companies also have been trying to be more involved in the creation of Metaverse. The Sandbox and Yuga Labs are examples of how companies are developing the Metaverse world. These actions will help people in the community to know more about Metaverse. The Metaverse itself is an integrated network of 3D virtual worlds that people can access and navigate using technology like Virtual Reality and Augmented Reality.