EddieJayonCrypto

 27 Mar 24

tl;dr

At the BUIDL Asia conference in Seoul, Ethereum’s Vitalik Buterin discussed the need for a better definition of the Metaverse, emphasizing that it is not just about virtual reality. He explained that the Metaverse is a virtual decentralized world with immersive social settings and experiences that u...

At the BUIDL Asia conference in Seoul, Ethereum’s Vitalik Buterin discussed the need for a better definition of the Metaverse, emphasizing that it is not just about virtual reality. He explained that the Metaverse is a virtual decentralized world with immersive social settings and experiences that utilize avatars, VR, and AR technologies, all tied together by blockchain. Buterin argued that the Metaverse is poorly defined and needs to combine various virtual world elements, including crypto, VR, and AI, in the right way to work properly. He also highlighted the importance of balancing security and convenience for mainstream adoption of account abstraction in Ethereum.

Ethereum’s Vitalik Buterin says that Metaverse isn’t what we think it is. The Metaverse is broadly understood as a virtual decentralized world with immersive social settings and experiences that utilize avatars, virtual reality (VR), and augmented reality (AR) technologies, with blockchain technology being the tie that binds this all together. Buterin stated that the Metaverse is frequently associated with virtual reality, but he argued that it's not the be-all and end-all of the metaverse. He emphasized that for the metaverse to work properly, we need something that combines all the different virtual world elements we already have, including crypto, VR, and AI parts, in the right way. Additionally, he highlighted the importance of balancing security and convenience for mainstream adoption of account abstraction in Ethereum.

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Disclaimer

The opinions expressed by the writers at Grow My Bag are their own and do not reflect the official stance of Grow My Bag. The content provided on our site is not intended as investment advice, and Grow My Bag is not an investment advisor. We do not endorse buying or selling any cryptocurrencies or digital assets mentioned in our articles. High-risk investments in Bitcoin, cryptocurrencies, and digital assets require thorough due diligence, and all transfers and trades made are at your own risk. Grow My Bag is not responsible for any potential losses and participates in affiliate marketing.
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