Facebook's metaverse will ‘misfire,’ says Vitalik Buterin

cointelegraph.com:

Ethereum co-founder Vitalik Buterin doesn’t believe that any of the existing attempts by corporations to create a Metaverse are “going anywhere,” pointing to Meta as being one he believes will “misfire.” 

Responding to a tweet from Dialectic co-founder Dean Eigenmann, who believes venture capitalists may be wrong about what constitutes an ideal metaverse, Buterin said that while he believes “The metaverse is going to happen,” he doesn’t think any of the current attempts from corporates such as Mark Zuckerberg’s Meta are “going anywhere.”

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

The Metaverse is generally described as a highly-interactive 3D online world focused on social connection, with some looking to eventually be powered by augmented reality (AR) and virtual reality (VR). 

Buterin’s comments come despite a number of successful metaverse projects recently being launched on blockchain technology like Decentraland (MANA) and The Sandbox (SAND). However, Buterin stated that its use cases are still not clear, adding that he didn’t think Meta’s attempt at creating a metaverse will be successful in its current form. 

Meta has built a number of AR and VR applications, such as the Meta Horizons Workroom, a VR room for colleagues to connect and collaborate on ideas. Meta has also built first-generational smart glasses that allow users to connect to the metaverse by recording audio and video and being surrounded by virtual worlds.

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