Reports of the metaverse’s death have been greatly exaggerated, jokes Epic Games CEO Tim Sweeney. The gaming titan took to Twitter recently to respond to a Business Insider story about the supposed failure of the metaverse. Why does Tim Sweeney think the metaverse isn’t dead?
Why did the Epic Games CEO laugh about the death of the metaverse?
Business Insider tweeted a story titled, “RIP metaverse, we hardly knew yet.” The sub-title then states that Mark Zuckerberg’s attempt to rebrand Facebook into the metaverse-focused Meta has been a failure. To emphasize the point, they described the company’s metaverse initiative as being sent “to the graveyard” in favor of AI.
Sweeney then quote retweeted it, writing, “The metaverse is dead! Let’s organize an online wake so that we 600,000,000 monthly active users in Fortnite, Minecraft, Roblox, PUBG Mobile, Sandbox, and VRChat can mourn its passing together in real-time 3D.”
One day, perhaps through the usage of blockchain technology, these games will be interoperable. As it stands now, each game exists in its own silo and players cannot jump from game to game using the same avatar. Soon, many believe, players from different games will be able to interact with each in a shared digital space.
What happened with Facebook’s rebrand to Meta?
Since then, Zuckerberg pivoted away from the disastrous decision to focus on the metaverse. He stopped emphasizing it on stockholder calls, instead focusing more on the hot technology of the day– AI. Meta is still developing their metaverse plans, however. This time, Zuckerberg refers to it as a “long-term” play and admits it will continue to lose money into the near future.
Whether or not Meta’s vision of the metaverse is ever successful remains in doubt. The idea that the metaverse itself is dead, people like Tim Sweeney believe, is more of a joke than a reality.
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