Former Google CEO Eric Schmidt is not convinced about the Metaverse
Ex-Google CEO Eric Schmidt is the latest tech billionaire to express his skepticism about the Metaverse. During the Aspen Ideas Festival last week, Schmidt was questioned about the future of the Metaverse and global relations. He indicated he was doubtful and stated that the whole definition of the Metaverse is still unclear.
Schmidt, who has a net worth of $19.3 billion, was unsure how the virtual world — where people can work, shop, connect, and more — could improve society’s daily life.
Schmidt was also skeptical of the practicality of virtual real estate, stating that he believes the essential parts of the Metaverse will be gaming and digital currency. If there ever is a need for virtual land, according to the billionaire, it will be in the unforeseeable future.
“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,” he said.
At the beginning of the year, Microsoft made history by acquiring Activision Blizzard in a record-breaking deal of $68.7 billion to “provide the building block of the Metaverse,” making it the largest tech takeover to date. Even though Bill Gates has criticized cryptocurrency and NFTs, he is optimistic about the virtual world.
According to a survey by tech company Axios, 58% of Americans are “indifferent” about the Metaverse, while 32% are “scared.”
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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.
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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.
