Coinspeaker
Vitalik Buterin Call Metaverse Branding Ploy, Metaverse Tokens Under Pressure

Ethereum co-founder Vitalik Buterin recently expressed doubts about the Metaverse, questioning its current portrayal and promotion. Speaking at the BUIDL Asia conference in Seoul, Buterin expressed reservations, challenging the existing interpretation of the Metaverse.

He stated that most of us have the wrong understanding of Metaverse in its current stage. The Metaverse is commonly defined as a virtual decentralized environment that features immersive social interactions and experiences.

Furthermore, it incorporates avatars, virtual reality (VR), and augmented reality (AR) technologies, all interconnected through blockchain technology. While speaking at the BUIDL Asia conference, Buterin said:

“The Metaverse is poorly defined and often seen more as a brand name than a product. It’s envisioned as a virtual universe where everyone can participate and is not owned by anyone. It’s frequently associated with virtual reality, where needs are simpler, akin to wanting a laptop without the laptop.”

Buterin further contended that although the Metaverse is frequently linked with virtual reality, it does not solely encompass the entirety of the...