Ethereum founder says Facebook's Metaverse 'will misfire'

The co-founder of Ethereum Vitalik Buterin, has commented on the evolution of Metaverse and the product that Facebook is creating.

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The co-founder of the second largest cryptocurrency, Ethereum, has commented on the metaverse and what companies are currently developing.

Vitalik Buterin took to his personal Twitter account to state that the metaverse "is going to happen," but none of the current projects being developed by big-name corporations such as Meta, formerly Facebook, will go anywhere. Notably, Buterin explains that there isn't yet a unanimous definition for "metaverse" as he believes it's still "far too early to know what people actually want". Furthermore, Buterin wrote that "anything Facebook creates now will misfire".

For those wondering, Facebook changed its name to Meta back in October last year and has been pushing into the virtual reality space for quite some time, with the company purchasing Oculus in 2014 for $2 billion. Since the acquisition of Oculus, Meta CEO and founder Mark Zuckerberg has been touting the metaverse as the future of technology adoption, with Zuckerberg stating last year that he believes the "metaverse is the next chapter of the internet".

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Ethereum founder says Facebook's Metaverse 'will misfire' 01
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Jak joined the TweakTown team in 2017 and has since reviewed 100s of new tech products and kept us informed daily on the latest science, space, and artificial intelligence news. Jak's love for science, space, and technology, and, more specifically, PC gaming, began at 10 years old. It was the day his dad showed him how to play Age of Empires on an old Compaq PC. Ever since that day, Jak fell in love with games and the progression of the technology industry in all its forms. Instead of typical FPS, Jak holds a very special spot in his heart for RTS games.

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