Is Zuckerberg running a fool’s errand with the Metaverse and just burning cash along the way?
Virtual and augmented reality has a plethora of applications in entertainment, education, business, and much more provided that it is implemented correctly and the technology behind it continues to develop. To this end, it seems Meta (formerly Facebook) is trying to push that progress along with the Metaverse, but is this nothing more than a fool’s errand through a ‘poorly built video game’ given the already established competition and projects in the works?Earlier this week, tech leaders from around the industry were brought together at the Wall Street Journal’s Tech Live event held in Laguna Beach, California. At this event, interviewers asked several about their view on Mark Zuckerberg’s Metaverse , which yielded some interesting perspectives about the burgeoning VR technology. One of the more charged explanations came from Microsoft Gaming CEO Phil Spencer, who described the Metaverse in its current state as a “poorly built video game.” He continued, explaining that when thinking about video games, “we’ve been putting people together in 3D spaces to go and save the world from invading aliens or conquer the castle,” so “building a Metaverse that looks like a meeting room, I find it’s not where I want to spend most of my time.
