From Facebook’s name change to virtual real estate selling for real-world sums, the “metaverse” has become one of the moment’s defining buzzwords and crypto storylines. As projects focused on the metaverse are busy raising billions of dollars in venture funding, it’s worth taking a few minutes to drill down on some basic questions. What parts of the metaverse are connected to crypto? Are we all saying the same thing when we use the word, or are there many competing visions? Let’s take a closer look.
Elon Musk once said - metaverse isn’t ‘compelling’ and Web3 ‘more marketing than reality’
I truly believe this! Metaverse is an illusion. Big tech companies are tricking the common people to believe into this illusion so that they can sell you imaginary products in the name of NFT. There is nothing real about it! You are entering into a world that doesn't exist. You are buying something that can't be touched or felt. You are buying a parcel of land where you can't construct your house. Till date, I didn't find an use-case for metaverse and failed to understand how it will do any good to the humankind!
I really hope some proper use case will come up with time and development of metaverse as it is in a very nascent stage at this moment. But I am quite skeptical about it! It may die a painful death as well.