Vitalik Buterin believes that Facebook efforts to create the metaverse will fail

Vitalik Buterin, the co-founder of Ethereum, believes that corporate efforts to create the metaverse will fail.



In response to Dean Eigenmann's assertion that "while the ideas on the metaverse concept make sense, he doesn't think it'll happen through Venture Capitalist investment," Buterin made the following statement.



Eigenmann continued, "I'd rather hang around in World of Warcraft than half of this "metaverse" crap."


The "metaverse" is going to happen, but I don't think any of the current corporate attempts to purposefully build the metaverse are going to succeed, Vitalik tweeted in response.


After redesigning its whole firm around the idea, Facebook's parent company Meta now commands corporate interest in developing the metaverse.


However, Vitalik doesn't believe the decision will be profitable for the business. "Anything Facebook creates now will misfire," he said.



Buterin, the princess of cryptocurrency, has also developed a reputation for being one of the most outspoken.


He has recently been offering criticism on a variety of topics, from Plan B's S2F model to the rise of NFTs.


Buterin would only occasionally talk about the metaverse, and some people in the community would agree with him on this occasion.


The idea and development of augmented and virtual reality technology on the blockchain have dominated the metaverse. However, the concept of the metaverse itself is somewhat hazy.


Major corporations have also embraced the metaverse approach as part of their effort to grow, even though cryptocurrency projects like The Sandbox and Decentraland have achieved some measure of success in the field.


NFTs and events have been held in the virtual world by beer producers like Budweiser and fashion companies like Adidas.


To maintain its leadership position in the metaverse, Facebook has increased its efforts by more than doubling.