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Nobody even knew what the Metaverse was actually supposed to be, but once Facebook renamed itself to Meta every big company wanted to have their part of the Met
by grumbel 4y ago
Nobody even knew what the Metaverse was actually supposed to be, but once Facebook renamed itself to Meta every big company wanted to have their part of the Metaverse too. If Zuckerberg spends billions on it, it must be important after all.
It was quite ridiculous how everybody suddenly kept talking about Metaverse without there even being as much as a vague idea how it would look like. Even Facebook's own presentation on the Metaverse was devoid of vision and just kept repeating stuff that Playstation Home did 10 years ago or that Habitat did over 35(!) years ago. Avatars, customization, multiplayer and that was it. Nothing wrong with that, but that's not a Metaverse, that's just a regular old multiplayer social app of which we had numerous in the last few decades, both inside and outside of VR. There was no vision of how to evolve that beyond that, even the really obvious stuff was nowhere to be seen (online shopping in VR, anybody?).
Some companies tried to mix some crypto bullshit into it to make another Second Life happen, but even that's not new, LindenLabs already had their own VR game that failed with Sansar.
Metaverse was really hype about nothing, just Zuckerberg spending billions on something trying to stay relevant and everybody else wanting their piece of the cake too. Took them a while to realize that there never was any cake to begin with.
Meanwhile people that care about VR just hang around in VRChat or play VR games, without any of that Metaverse nonsense.
- philistine 4y agoZuckerberg is cornered. His company has bought too many upstarts who became ginormous; Instagram, WhatsApp. So regulatory-wise, if he ever tries that again he'll be stopped. The purchase of upstart social graphs was the whole Facebook strategy to stay relevant and display aggressive growth to justify the insane valuation. Now without that ability, you need to demonstrate you can aggressively grow in newer, exciting markets. What underdeveloped technology markets with social media potential exist outside of this vague idea around VR? Can you name any? The problem with the metaverse is not that Zuckerberg went in that direction, it's that he executed so poorly and so publicly that he's lost any sort of goodwill from that attempt at a new market. If he wasn't literally un-firable, he'd be have long lost his CEO position.