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    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

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    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

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    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

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    From ‘Not a Fan’ to Crypto President—With His Own Meme Coin

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    NFT sales plunge 18% to $116.9m, Polygon beats Ethereum

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    Matt Furie NFTs Crater 97% After Mint Exploit

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    Endless Clouds Foundation Unveils $END as Premium Digital Coin for Treeverse

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    What Is Fully Diluted Valuation (FDV) in Crypto?

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    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

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    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

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    Enhancing Security in Online Gambling with Blockchain Technology

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    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

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    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

  • Metaverse
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    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    Experience to Earn: Everdome's Metaverse Frontier

    Experience to Earn: Everdome’s Metaverse Frontier

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    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

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    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

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    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

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    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

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    Carrieverse and Disney Ink Content Deal

    SYKY Bridges Digital and Physical Fashion with Apple Vision Pro

    SYKY Bridges Digital and Physical Fashion with Apple Vision Pro

    Somnia Launches Playground App to Empower Metaverse Creators

    Somnia Launches Playground App to Empower Metaverse Creators

  • NFT
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    Fan3 Brings Real Fans Back to the Front Row with Avalanche-Powered Platform

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    From ‘Not a Fan’ to Crypto President—With His Own Meme Coin

    Courtyard Tops Sales, CryptoPunks Dominate High-Value Trades

    Courtyard Tops Sales, CryptoPunks Dominate High-Value Trades

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    NFT sales plunge 18% to $116.9m, Polygon beats Ethereum

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    Matt Furie NFTs Crater 97% After Mint Exploit

    Rekt Is Reaching the Masses

    Rekt Is Reaching the Masses

    FC Barcelona unveils Barca Pass crypto wallet, NFT avatars

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  • Gaming
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    Fan3 Redefines Fan Engagement Through Blockchain Ticketing, Powered by Avalanche

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    Endless Clouds Foundation Unveils $END as Premium Digital Coin for Treeverse

    Alice Collective Enters Web3’s Retro Future With Persona Journey

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    Animoca Brands partners with Cross the Ages to support the launch of blockchain game

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    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

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    LFG Boosts Token Launches with Community Power

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    Polyhedra Network launches Proof Cloud in open beta

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    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

    SoonVerse Partners with Arris to Enhance User Experience

    SoonVerse Partners with Arris to Enhance User Experience

    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

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    Space and Time Becomes ZK Coprocessor in Karak’s Ecosystem

  • AI
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    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

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    ETH Daddy Discusses Ethereum and AI

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

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    UAE emirate launches new free zone for digital assets, Web3 and AI

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    Long and Short Positions in Crypto Explained for Beginners

    Long and Short Positions in Crypto Explained for Beginners

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    What Is Fully Diluted Valuation (FDV) in Crypto?

    What Does FUD Mean in Crypto? The Fear, Uncertainty, and Doubt Effect

    What Does FUD Mean in Crypto? The Fear, Uncertainty, and Doubt Effect

    What Is Crypto Staking? How to Earn Crypto by Holding It

    What Is Crypto Staking? How to Earn Crypto by Holding It

    What Are Liquidity Pools? A Guide to DeFi Explained Simply

    What Are Liquidity Pools? A Guide to DeFi Explained Simply

    What Is Yield Farming in Crypto? A Beginner’s Guide to DeFi Income

    What Is Yield Farming in Crypto? A Beginner’s Guide to DeFi Income

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  • Analysis
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    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

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‘Not really a verse’: Is Vitalik Buterin’s Metaverse criticism justified?

March 27, 2024
in Ethereum
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‘Not really a verse’: Is Vitalik Buterin’s Metaverse criticism justified?
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Ethereum Looks Ready To Break Out Of 4-Year Consolidation, Analyst Says Price Will ‘Go Insane’

Binance loses 300K ETH – Here’s what it means for bulls eyeing $2.7K

On the 27th of March, KryptoSeoul hosted BUIDL Asia 2024, a crucial tech conference highlighting cryptocurrency innovations and industry leaders.

Amongst various speakers from around the globe Vitalik Buterin, Ethereum’s [ETH] co-founder was also invited to participate. 

Speaking at the conference, Buterin highlighted, how the concept of the metaverse differs from what we imagine. He noted, 

“The Metaverse is poorly defined and often seen more as a brand name than a product. It’s envisioned as a virtual universe where everyone can participate and is not owned by anyone.” 

Buterin further added, 

“It’s frequently associated with virtual reality, where needs are simpler, akin to wanting a laptop without the laptop.” 

This highlights the divergence of the Metaverse from its original concept, which talked about a decentralized virtual realm with immersive social environments and experiences.

The current state of Metaverse 

Moreover, Buterin emphasized that the current Metaverse focuses mainly on virtual reality (VR), neglecting other technologies like avatars and augmented reality (AR) within the blockchain framework.

“It’s super useful but not really a-verse.”

By this he underscored the need for a comprehensive integration of various elements, including cryptocurrency, virtual reality, and artificial intelligence, to create a truly functional Metaverse. 

According to him, the key lies in combining these diverse components together to unlock the full potential of the Metaverse.

Striking the right balance 

In conclusion, Buterin’s remarks at BUIDL Asia brought up the importance of achieving a balance between security and convenience for the mainstream adoption of account abstraction. 

See also  Vitalik Buterin hails Ethereum for this big upgrade, details here

While Ethereum has yet to implement this balance, his insights highlight the ongoing efforts and challenges being faced by blockchain technology. 

Previous: ONDO bulls work to drive prices past $1 – Will they succeed?
Next: Bitcoin remains stagnant even as spot ETFs bring in $418M
Tags: ButerinscriticismJustifiedmetaverseVerseVitalik

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