News Report
July 04, 2022

Former Google CEO Eric Schmidt is not convinced about the Metaverse 

Woman in VR headset in the Metaverse
Image by Tumisu

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.”

Read related posts:

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 [email protected].

More articles
Agne Cimerman
Agne Cimerman

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 [email protected].

Hot Stories
Join Our Newsletter.
Latest News

From Ripple to The Big Green DAO: How Cryptocurrency Projects Contribute to Charity

Let's explore initiatives harnessing the potential of digital currencies for charitable causes.

Know More

AlphaFold 3, Med-Gemini, and others: The Way AI Transforms Healthcare in 2024

AI manifests in various ways in healthcare, from uncovering new genetic correlations to empowering robotic surgical systems ...

Know More
Read More
Read more
HyveDA Unveils X Committee In Partnership With Lido, Lists wstETH As First Collateral
News Report Technology
HyveDA Unveils X Committee In Partnership With Lido, Lists wstETH As First Collateral
November 21, 2024
Bitfinex: Bitcoin Jumps 39.5% In Nine Days, Indicating Surge In Investor Interest
News Report Technology
Bitfinex: Bitcoin Jumps 39.5% In Nine Days, Indicating Surge In Investor Interest
November 21, 2024
Bybit Launches Gold & FX Treasure Hunt Competition, Offering Real Gold Rewards
News Report Technology
Bybit Launches Gold & FX Treasure Hunt Competition, Offering Real Gold Rewards
November 21, 2024
Gate Group Introduces Gate Crypto Card, Offering Seamless Global Crypto Payments For EEA Residents
News Report Technology
Gate Group Introduces Gate Crypto Card, Offering Seamless Global Crypto Payments For EEA Residents
November 21, 2024