- It seems like Snap’s CEO is not that confident when it comes to the current trending concept of Metaverse.
- Ask people to define the idea, and you’ll get different definitions from each one of them, he thinks.
- The idea of the Metaverse has grown by leaps and bounds, gaining attention from several entities worldwide.
Some entities are not hesitating before betting big on the concepts like Metaverse, but some are not that confident regarding the idea.
People Want To Be Together In Person
Evan Spiegel, the CEO of Snap, recently highlighted his views on Metaverse during an interview with The Guardian. He noted that his company refused to use the term in its offices as they think it to be hypothetical and ambiguous, in contrast to the real world, which is, well, real.
He highlighted that just ask a room of folks to define the term, and everyone would have totally different definitions.
Metaverse as an idea gained immense popularity last year when Mark Zuckerberg rebranded Facebook as Meta. And a lot of people did highly appreciate the idea as they saw a lot of potentials. But still, there were some who had contrasting thoughts. And Snap CEO was one of them.
Furthermore, Spiegel Highlighted that one of the big overarching concepts people have is that many of those tools are designed to replace reality. And that their fundamental bet is that people love the real world; they wish to be together in person with their friends.
Last summer, the company rolled out a pair of augmented reality specs and had further gone on to acquire AR startups to make the concept of socializing and shopping a reality. His company is more focused on augmenting the real world and not replacing it.
But despite the skepticism, it is safe to say that Metaverse as an idea has grown a lot lately, with more and more entities getting into it. But similar to NFTs and crypto, there are also skepticisms hovering around the idea of a virtual world. It is to look forward to how Metaverse emerges further and gets adopted in the future.
Nancy J. Allen is a crypto enthusiast, with a major in macroeconomics and minor in business statistics. She believes that cryptocurrencies inspire people to be their own banks, and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning. She frequently researches, and posts content on the top altcoins, their theoretical working principles and technical price predictions.