THE DAILY ENCRYPT

September 30, 2022

Former Google Exec is not to Fond of the Whole Metaverse a Concept

Eric Schmidt, the former CEO of Google, stated that there is still confusion over the concept of metaverse and its meaning for people. Schmidt said...
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Eric Schmidt, the former CEO of Google, stated that there is still confusion over the concept of metaverse and its meaning for people. Schmidt said that even though a company like Google has moved to the metaverse market, it is not clear what the concept means and how it will impact people’s lives.

There have been many companies and individuals who are investing in the idea of the metaverse and bet on its growth. However, not all of them are convinced. Eric Schmidt, an entrepreneur who was the CEO of Google’s tech giant from 2001 to 2011, is part of this group. Schmidt expressed some skepticism about the adoption and importance of this new technology in the future.

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Schmidt spoke out about the metaverse at an event held in Colorado this week. He declared

Even though one company changed its name to be ready for the definition, there is no agreement about what the metaverse looks like.

Schmidt was referring to the metaverse tech integration that Meta (formerly Facebook) made during its pivot. The entrepreneur took another dig at Facebook last year, saying that he did not believe Meta would be the right company to create the metaverse, even though the form is still unknown.

Metaverse Land and Investments
Companies and countries have already invested heavily in the metaverse technology. This technology is associated with AR and VR (augmented reality) technologies and apps that use them. South Korea was one of the first to recognize the metaverse as an important tech for the future. In May, it announced that $177 million would be allocated directly to metaverse platforms. This is in order to kickstart national companies interested in the technology.

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Schmidt also questioned the validity of real estate in the metaverse. Schmidt stated that he was not averse to the topic.

I don’t worry about purchasing large amounts of private real property in the metaverse. It is not something I worry about every day.

According to Metametric Solutions (a metaverse analytics company), sales of metaverse real estate properties are expected reach $1 billion in this year’s metaverse.

Felipe Rodriguez

Felipe Rodriguez

Felipe states he has super powers, some argue that case but he does come up with some very clear predictions. Felipe is based in the US and frequently travels to Brazil where he was born. He is a journalist of the future and has a portfolio of crypto projects he has worked with. Felipe always says "The future doesn't scare me as much as the past, crypto is here to stay but only time will tell where it will take us".
Felipe Rodriguez

Felipe Rodriguez

Felipe states he has super powers, some argue that case but he does come up with some very clear predictions. Felipe is based in the US and frequently travels to Brazil where he was born. He is a journalist of the future and has a portfolio of crypto projects he has worked with. Felipe always says "The future doesn't scare me as much as the past, crypto is here to stay but only time will tell where it will take us".

© 2022 The Daily Encrypt. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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