Epic Games Founder Tim Sweeney Defends the Metaverse Against Skeptics
In Brief
Tim Sweeney, the CEO of Epic Games, defended the metaverse and mocked claims that it is “dead” in a tweet on May 9.
Sweeney cited the number of active users in various virtual worlds as evidence of the metaverse’s vitality and emphasized his belief in its potential.
Sebastien Borget, the co-founder of The Sandbox, agreed with Sweeney’s assessment and encouraged people to participate in the “dead” metaverse.
An article by Business Insider declared the metaverse dead due to an identity crisis and lack of coherent vision.
Tim Sweeney, the billionaire CEO of Epic Games, has reaffirmed his faith in the metaverse, despite recent claims that it’s “dead.” The creator of the popular video game engine Unreal Engine and the online game Fortnite took to Twitter on May 9 to ridicule an article published by Business Insider titled “RIP Metaverse, we hardly knew ye.”
In his tweet, Sweeney alluded to the significant number of active users in various virtual worlds, suggesting that the metaverse is alive and well.
Sweeney has a strong belief in the potential of the metaverse and is investing a substantial sum of money into its development. Epic Games secured a $2 billion investment from Sony and KIRKBI, the holding company of LEGO Group, in April last year to advance the company’s vision of creating the metaverse.
Sebastien Borget, the co-founder of The Sandbox, agreed with Sweeney and encouraged everyone to come out and play together in the “dead” metaverse.
An article published on Monday by Business Insider declared the metaverse dead after its decline and abandonment by the business world just three years after it was born. The virtual world concept was not new, but the actual technology failed to deliver on its grand promises, the article stated. While every company had a metaverse product on offer, it was not obvious what it was or why they should have it. According to the piece, the metaverse suffered from an acute identity crisis and lacked a coherent vision for the product, ultimately leading to its decline.
The article cited Decentraland as an example of the metaverse that didn’t meet high expectations. It also suggested that investors have shifted their focus to the next trend in technology: generative AI.
Read more:
Disclaimer
In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.
About The Author
Agne is a journalist who covers the latest trends and developments in the metaverse, AI, and Web3 industries for the Metaverse Post. Her passion for storytelling has led her to conduct numerous interviews with experts in these fields, always seeking to uncover exciting and engaging stories. Agne holds a Bachelor’s degree in literature and has an extensive background in writing about a wide range of topics including travel, art, and culture. She has also volunteered as an editor for the animal rights organization, where she helped raise awareness about animal welfare issues. Contact her on agnec@mpost.io.
More articles
Agne is a journalist who covers the latest trends and developments in the metaverse, AI, and Web3 industries for the Metaverse Post. Her passion for storytelling has led her to conduct numerous interviews with experts in these fields, always seeking to uncover exciting and engaging stories. Agne holds a Bachelor’s degree in literature and has an extensive background in writing about a wide range of topics including travel, art, and culture. She has also volunteered as an editor for the animal rights organization, where she helped raise awareness about animal welfare issues. Contact her on agnec@mpost.io.
