Home
News
- Eric Schmidt spoke at an event recently in Colorado, United Stations. He expressed his concerns regarding Metaverse and what the technology can do in future.
- Schmidt also said that he is not interested in buying digital real estate. Therefore, he is unsure whether it is solving a problem.
- He leads the role as the CEO of Google from 2001 to 2011.
The Colorado Conference
Metaverse is one of the greatest buzzwords of this generation. Everyone is impressed by the technology and what it can offer. Okay… not everyone.
Former Google CEO Eric Schmidt is not very impressed with the Metaverse concept. Schmidt had a long successful career in the biggest company in the world for almost two decades.
He leads the role as the CEO of Google from 2001 to 2011.
He remained the Chairman of Alphabet(Parent Company Of Alphabet) from 2015 to 2017.
Even after that, he remained as the technical advisor at Alphabet from 2017 to 2020.
Eric Schmidt spoke at an event recently in Colorado, United Stations. He expressed his concerns regarding Metaverse and what the technology can do in future.
No Metaverse For Schmidt
Schmidt reported that he is not a big fan of the Metaverse because even after so many influential public figures and geniuses are trying to build the technology, no one knows what it is.
The defining problem is there in the Metaverse. Even though one company has changed its name to Meta, it is still unclear what it means. Eric referred to Zuckerberg as the company changed its name to Meta from Facebook.
Schmidt also said that he is not interested in buying digital real estate. Therefore, he is unsure whether it is solving a problem.
ALSO READ – Money Wisdom By Mark Cuban: Part 1
This is not the first time when Eric has tried to attack Facebook.
“I’ve been waiting for about thirty years as to whether Facebook will build that, I don’t know.”- said Schmidt.
While it sounds intriguing, he said it can be very concerning if people start valuing their virtual lives more than reality.
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.
