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Vitalik Buterin says Meta’s Metaverse will misfire

A few reasons from the Ethereum co-founder:

  • The “corporate” Metaverse, which probably excludes successful decentralized virtual world projects such as Decentraland and The Sandbox.
  • Buterin doesn’t share the same opinion as the investment bank Citi: earlier this year, Citi reported that the Metaverse industry could already be worth $13 trillion by 2030. Because people are not yet ready for such a breakthrough.

This thought is supported by the fact that last week Meta announced a quarterly loss of $2.8 billion for its Metaverse-VR division, Reality Labs.

Do you believe in the success of the metaverse within 10 years?

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