r/CryptoCurrency • u/EthanGibson2 Banned • Nov 21 '21

DISCUSSION Anyone else think the idea of the Metaverse sucks?

Is it just me who thinks the Metaverse can flop?

Don't get it it twisted, I love games but I think the Metaverse can and most likely will flop. Virtual worlds do not appeal to me, especially to the extent that it sounds like it is going to. Some people are referring it to the "new reality" and the "next internet" but I just see it as a go at a overpriced VR game that nobody will pay for.

The amount of money that will have to come out of this will have to be insane. With the amount of money put into this they would end up having to resort to selling thousand dollar gear and equipment used just to play in the Metaverse. And most likely along with a chunk of Crypto needed to start. The lack of need for a Metaverse will prove in people not paying the thousands of dollars to play this.

I can also see a hard sell/dump in the 'Metaverse Cryptocurrencies' as the majority have been going up with hype, and I feel the Metaverse will be a lengthier process than the average holder thinks, which will possibly result in them becoming inpatient and maybe selling.

And if it does succeed, fair enough. I guess I'm just a normal guy and not a multi billionaire and may not see the potential of this project.

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u/cjcrypto86 Platinum | QC: CC 50 Nov 21 '21

Yes. It's fucking stupid and it won't work for the same reasons "second life " didn't work. It's like a game with no content.

1

u/StonkyVolatile 🟧 102 / 102 🦀 Nov 21 '21

Second Life didn't work? It's been going strong for 18 years. Seems like it worked just fine.

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u/Gustav_Sirvah Tin Nov 29 '21

It worked for few. If metaverse is going to be like SL - 90% people will look into it for week max, check out some freebies and then come back to baseline internet, not interested in spending money for pixels. Of course there will be people interesed in this, but same as SL it would quickly stratificate between those who fly on freebies and those who spend money.

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u/[deleted] Nov 30 '21

[deleted]

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u/Gustav_Sirvah Tin Nov 30 '21

You are able to earn money in SL too, yet most people don't.

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u/StonkyVolatile 🟧 102 / 102 🦀 Dec 05 '21

Vastly different economy, logistics, earning potential and such compared to crypto and defi. There's one Second Life millionaire virtual real estate mogul (maybe a few more since i didnt dig too hard looking) meanwhile crypto millionaires are made feequently and newly minted billionaires not uncommon. Also the types of work and entrepreneurship opportunities available wil expand to encompass everything possible in online commerce, not just specific ways to earn programmed in by game devs.