Tuesday, August 16

Should Zuck take us to the Metaverse? Crypto leaders have their say

Crypto leaders are divided on whether Mark Zuckerberg should take Facebook into the Metaverse, with Hodl Asset’s Jenny Ta saying she needs to resign if Meta wants to succeed, while Animoca’s Yat Siu says Zuck is the only one who can push the company forward. forward.

Ta is the chief operating officer (COO) of non-fungible token (NFT) platform developer Hodl Assets, and he said Zuckerberg needs to avoid lawsuits and protect the company’s image by stepping down from his role as CEO.

But co-founder and president of blockchain game and virtual property developer Animoca Brands, Yat Su said that Zuck is a “force of nature” who can make Meta’s vision a reality, but hopes to adopt a decentralized model.

The comments came in light of Facebook’s recent rebrand to Meta, in which the company aims to provide a platform for creators to create virtual businesses online and launch their virtual reality hardware business called “Reality Labs. “on the way to the creation of the Metaverse.

Zuck’s metaverse

Ta told Cointelegraph that due to regulatory scrutiny directed at the CEO over Facebook’s content, privacy and data mining policies, it would be best if he resigned to provide Meta with a clean slate. He went on to make comparisons to Bill Gates and Microsoft in the early 2000s.

“Bill Gates, when he was still the CEO of Microsoft, was a monopolist. So the government persecuted him harshly. Lawsuits after lawsuits until one day he said ‘forget about this. In order to save the company, I need to quit, ‘And guess what? It worked.”

Ta suggested that figures like Zuckerberg, Gates and Jeff Bezos never really want to “leave the throne” but will do so to “protect their wealth” and repair their company’s image if necessary.

“Mark Zuckerberg’s wealth is Facebook, not the Metaverse. The Metaverse hasn’t shown him anything yet. […] In order for him to have a clean slate for Meta, he must resign and he must have a new CEO to run it. “

While Siu isn’t necessarily a fan of Facebook’s Metaverse game, either, he believes Zuckerberg should stay in command. Siu described the CEO as a “force of nature” who is more focused on getting his projects across the line than on receiving monetary compensation at this stage.

“This is the irony. I think Mark Zuckerberg is actually needed for Meta to fulfill that vision because it is an organization run by its founders, right? You know, say what you want about all the things Mark could have done without realizing it. He is brilliant. He is one of the smartest people in the world. It’s going to drive the organization in a mission-driven way. “

However, if he sees a problem, it is whether the organization will be able to “go with him at whatever speed he wants and also train with him appropriately.” Siu also thinks that Meta and Zuckerberg need to rethink their current centralized business model if they really want to create a successful “open” Metaverse:

“I think Facebook is largely faced with the dilemma of an innovator who could counter what Mark would like to do.”

Widespread adoption

Speaking more broadly, Ta compared the current state of the Metaverse to the early adoption of text messaging when phone calls were standard. Ta used the example of her mother, who at first saw no point in using technology, but five to 10 years later, it was one of her main communication methods:

“The five percent of the world who really know what the Metaverse is are [like] those who were [first] using text messages 20 years ago. “

Siu believes “mass adoption” is coming soon, as conversations about the space have gone from being a niche topic to something that is reaching a mainstream audience.

“It has reached that point where each interaction becomes exponential because it is no longer one person speaking to another who introduces another. There are a thousand people talking to a thousand people who are creating a few thousand people who are reaching space, ”he said.

“Now we will have to talk about how we went from tens of millions to hundreds of millions.”