In a Twitter (NYSE:TWTR) thread on Sunday, Ethereum’s creator Vitalik Buterin aired his views on the future of the metaverse. According to him, the current metaverse plays by corporate behemoths like Meta does not look promising. Specifically mentioning Facebook (NASDAQ:META) (now Meta), he wrote:
Although the Ethereum creator is not convinced about how tech giants are going about the metaverse, he believes that the industry remains an inevitable step in the progression of today’s technology, a comment that tends to agree with Zuckerberg’s conviction that the metaverse is the next level of the internet.
In general, the metaverse is still a nascent area that is still being explored. There appears to be some tension between decentralized forms of ownership and control from centralized authorities. Notable, the co-founder of the popular metaverse platform The Sandbox saidBig Tech was a threat to the open metaverse concept. Back in December, Sebastien Borget said:
Meta’s official foray into the metaverse began when the company rebranded from Facebook to Meta in October 2021. The move trailed the company’s 2014 acquisition of Oculus for $2 billion.
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Source: Cryptocurrency - investing.com
