Vitalik Buterin, the founder of Ethereum is one of the most influential voices in the Web3 sphere. His creation has acted as the catalyst for huge swathes of blockchain projects, from cryptocurrencies to NFTs.
But what does Vitalik Buterin think about the metaverse?
What does Vitalik Buterin think about the metaverse?
Buterin says he is confident “the ‘metaverse’ is going to happen” but has been critical of some of the projects currently under development.
The Canadian developer made a name for himself after co-founding Ethereum, the decentralised, open-sourced blockchain platform in 2015.
He believed his technology would help empower people by giving them a platform to build anything they wanted without the input or constraints of a centralised organisation.
In keeping with his belief in decentralisation, the tech developer has warned attempts by big corporations to build a metaverse will fail.
In particular, he has denounced the plans of Facebook founder Mark Zuckerberg, who revealed last autumn that his company, Meta, was planning on building a metaverse.
“We don’t really know the definition of ‘the metaverse’ yet, it’s far too early to know what people actually want.
“So anything Facebook creates now will misfire,” Buterin said on social media in July.
“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.”
READ MORE ON 24/7 CRYPTO HERE
What does Vitalik Buterin think about Decentraland and The Sandbox?
While Buterin has not spoken about metaverse projects such as Decentraland and The Sandbox specifically, the two platforms are far more in keeping with his beliefs on what a future metaverse will look like.
As its name suggests, Decentraland is a fully decentralised virtual reality platform. It is user-owned and is overseen by the Decentraland DAO, a decentralised autonomous organisation (DAO).
The Sandbox also operates along a decentralised model, in the interests of users rather than an overarching corporation. It too makes decisions via a DAO.
DAOs make decisions based on the opinions of ordinary users. Token holders vote on decisions impacting the future of the metaverse platforms to determine its direction.
