Eric Schmidt, who was CEO of Google, has declared that there is confusion about the concept of the metaverse and what it means for people. Schmidt stated that, even with a company like the former Facebook pivoting its operations to occupy the metaverse market, there is still not a clear definition of the concept and how it will affect people’s lives.
While there has been a considerable number of companies and firms that are already putting funds into and betting on the growth of the concept of the metaverse, not everyone is so convinced about the subject. Eric Schmidt, an entrepreneur that was formerly CEO of tech giant Google from 2001 to 2011, is in this latter group. Schmidt has expressed a degree of skepticism when it comes to the importance and adoption that this new tech may take on in the future.
There’s not an agreement on what the metaverse is, even though one company has changed its name in anticipation of defining it.
Real estate in the metaverse has also been considered a controversial subject by Schmidt. On the issue, he stated:
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.
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