PlayStation’s Creator Is Not a Fan of The Metaverse

Ken Kutaragi, the creator of the iconic video game device PlayStation, believes the Metaverse is worthless. He is also not a fan of virtual reality headsets, calling them “simply annoying.”

The Metaverse has swiftly become one of the biggest subjects, especially when Facebook’s name was changed to Meta at the end of last year. Despite its popularity, the network of 3D virtual worlds focused on social interaction is not for everyone. Ken Kutaragi, the founder of PlayStation and former CEO of Sony Interactive Entertainment, is one such person.

PlayStation’s Creator claimed in a recent interview with Bloomberg that the Metaverse is not the next great step in the digital cosmos. To him, it serves more as a divider than a unifier:

“Being in the real world is very important, but the Metaverse is about making quasi-real in the virtual world, and I can’t see the point of doing it. You would rather be a polished avatar instead of your real self? That’s essentially no different from anonymous messageboard sites.”

Separately, the engineer confessed that he does not like virtual reality headgear. He feels they have the potential to separate individuals from reality, and hence are “simply annoying.”

While Kutaragi is opposed to the Metaverse, Grayscale, the world’s largest asset management organization, is not. It was recently predicted that the niche will be worth more than $1 trillion in the next years.

The investing giant stated that the Metaverse’s promise stretches well beyond the game industry. The industry includes components like as advertising, digital events, social commerce, and developer/creator monetization.

Haim Israel, a strategist at Bank of America, is likewise optimistic about the situation. In his opinion, the Metaverse is a tool that, if certain circumstances are satisfied, will propel the crypto world towards widespread adoption:

“I definitely believe this is a massive, massive opportunity. You need the right platforms… that are definitely going to be a big opportunity for this entire ecosystem.”

Israel also believes that the Metaverse is where “we’ll start using cryptocurrencies as currencies.” Bitcoin, Ether, and other private digital assets, on the other hand, are now too volatile to play this function. As a result, stablecoins are likely to evolve further since they are tethered to fiat currencies or precious metals and so move much less.

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