Eric Schmidt, the former CEO of Google, has expressed a degree of skepticism when it comes to the importance and adoption that metaverse tech could have for the future of humanity.
There’s not an agreement on what the metaverse is, even though one company has changed its name in anticipation of defining it.Schmidt was ostensibly referencing the step that Meta, formerly known as Facebook, took while pivoting to include metaverse tech as one of the pillars of its operation. Last year, the entrepreneur also took another dig at Facebook,
that he didn’t think Meta would be the company to shape the metaverse, even if the form it will take is yet undetermined.However, companies and even countries are already very invested in the metaverse, a technology that is currently associated with VR and AR technologies, and apps that use them.
in May it would allocate $177 million directly to metaverse platforms, with the idea of kickstarting national companies with an interest in the technology.Real estate in the metaverse has also been considered a controversial subject by Schmidt. On the issue, he stated:I’m not worried about buying large swaths of private real estate in the metaverse myself. It’s not a concern I have every day.
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