News Report

Eric Schmidt, who once led Google, remains skeptical regarding the Metaverse concept.

Woman in VR headset in the Metaverse
Image by Tumisu

Last week at the Aspen Ideas Festival, when asked about the Metaverse and its implications for global relationships, Eric Schmidt voiced his uncertainties. He highlighted that the very idea of the Metaverse remains ambiguous.

Schmidt, who has a  net worth With a staggering deal worth $19.3 billion, he expressed his doubts about how a virtual environment, where individuals can interact, shop, and work, could positively affect daily life.

Schmidt expressed reservations about the concept of virtual property, suggesting that gaming and digital currencies will ultimately define the Metaverse. He speculated that any necessity for virtual land is likely many years away.

"I don't find myself concerned with purchasing large sections of virtual real estate in the Metaverse. It isn’t something that occupies my mind on a daily basis,\" he remarked. said .

Earlier this year, Microsoft stunned the tech world by acquiring Activision Blizzard for an unprecedented $68.7 billion, aiming to lay the groundwork for the Metaverse. This acquisition stands as the largest in tech history. While Bill Gates has shown enthusiasm for the virtual realm, especially concerning cryptocurrency and NFTs, his views differ from Schmidt's. criticized According to a survey by tech company Axios, a significant 58% of Americans feel indifferent about the Metaverse, while 32% express fear regarding it.

According to a  survey Weekly Report #5 on Metaverse Fundraising.

Read related posts:

Disclaimer

In line with the Trust Project guidelines Agne is a journalist who reports on the latest advancements in the metaverse, artificial intelligence, and Web3 sectors for Metaverse Post. She has a burning passion for storytelling, which has led her to conduct multiple interviews with industry experts, always in search of captivating narratives. Agne holds a degree in literature and has written extensively on varied topics such as travel, art, and culture. She has also volunteered as an editor for an animal rights organization, helping to promote awareness about issues related to animal welfare. Feel free to reach out to her at

Let's delve into initiatives that are leveraging the power of digital currencies for benevolent purposes.

With innovations like AlphaFold 3 and Med-Gemini, AI is dramatically reshaping the healthcare landscape in 2024.

Know More

Artificial intelligence is taking many forms in healthcare, ranging from discovering new genetic links to enabling advanced robotic surgical systems.

Copyright, Permissions, and Linking Policy

Know More
Read More
Read more
News Report Technology
Addressing DeFi fragmentation: How Omniston is enhancing liquidity on the TON network.
News Report Technology
Vanilla introduces Super Perpetuals offering a staggering 10,000x leverage on the BNB Chain.
News Report Technology
Polygon has rolled out the ‘Agglayer Breakout Program’ aimed at sparking innovation and providing additional value to POL token stakers.
News Report Technology
From Ripple to The Big Green DAO: Exploring how cryptocurrency projects are stepping up for charity.