Vitalik Buterin says Meta’s attempt to create Metaverse will backfire.

August 1, 2022

Vitalik Buterin believes any corporate firm trying to intentionally build a metaverse will not succeed, including Meta.

While Buterin is confident “metaverse” is going to happen, it won’t be Meta or any other corporate firm that will succeed in making one.

"We don't really know the definition of "the metaverse" yet,” Vitalik tweeted over the weekend. 

According to Buterin,  it's far too early to know what people actually want. So anything Facebook creates now will misfire.

Meta CEO Mark Zuckerberg had earlier claimed that metaverse is going to be the next chapter for the internet.

Meta has shifted focus to its virtual reality division this year.

Meta will continue to invest in its metaverse division despite reporting billions of dollars of loss in the second quarter.