{"id":17037,"date":"2022-01-24T05:47:57","date_gmt":"2022-01-24T04:47:57","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=17037"},"modified":"2022-01-24T05:48:07","modified_gmt":"2022-01-24T04:48:07","slug":"the-creator-of-playstation-isnt-a-fan-of-the-metaverse","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/the-creator-of-playstation-isnt-a-fan-of-the-metaverse\/","title":{"rendered":"The Creator of PlayStation Isn’t a Fan of The Metaverse"},"content":{"rendered":"\n
Ken\u00a0Kutaragi,\u00a0the\u00a0creator\u00a0of\u00a0the\u00a0iconic\u00a0video\u00a0game\u00a0device\u00a0PlayStation<\/a>,\u00a0believes\u00a0the\u00a0Metaverse\u00a0is\u00a0worthless.\u00a0<\/h5>\n\n\n\n
\"The<\/figure>\n\n\n\n

Ken\u00a0Kutaragi \u00a0is\u00a0not\u00a0a\u00a0fan\u00a0of\u00a0virtual\u00a0reality\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>\u00a0headgear,\u00a0which\u00a0he\u00a0describes\u00a0as\u00a0“just\u00a0irritating.”<\/p>\n\n\n\n

\u2018Being in The Real World Is Very Important\u2019 – Ken Kutaragi<\/h2>\n\n\n\n

The\u00a0Metaverse\u00a0has\u00a0quickly\u00a0become\u00a0one\u00a0of\u00a0the\u00a0most\u00a0popular\u00a0topics,\u00a0especially\u00a0since\u00a0Facebook's\u00a0name\u00a0was\u00a0changed\u00a0to\u00a0Meta\u00a0<\/a>at\u00a0the\u00a0end\u00a0of\u00a0last\u00a0year.<\/p>\n\n\n\n

Despite\u00a0growing\u00a0fashionable,\u00a0the\u00a0network\u00a0of\u00a03D\u00a0virtual\u00a0worlds\u00a0centred\u00a0on\u00a0social\u00a0interaction\u00a0is\u00a0not\u00a0for\u00a0everyone.\u00a0Ken\u00a0Kutaragi,\u00a0the\u00a0founder\u00a0of\u00a0PlayStation\u00a0and\u00a0former\u00a0CEO\u00a0of\u00a0Sony\u00a0<\/a>Interactive\u00a0Entertainment,\u00a0is\u00a0one\u00a0such\u00a0person.<\/p>\n\n\n\n

The 71-year old Japanese argued in a recent interview with Bloomberg that the Metaverse is not the next big step in the tech <\/a>universe. To him, it serves to divide rather than to unite:<\/p>\n\n\n\n

\u201cBeing in the real world is very important, but the Metaverse is about making quasi-real in the virtual world, and I can\u2019t see the point of doing it. You would rather be a polished avatar instead of your real self? That\u2019s essentially no different from anonymous messageboard sites.\u201d<\/p><\/blockquote>\n\n\n\n

Separately, the engineer said that he, too, is not a fan of virtual reality headgear. He feels they have the ability to detach individuals from reality, and as a result, they are “simply annoying.”<\/p>\n\n\n\n

Who Has a Different Point of View?<\/h2>\n\n\n\n

While Kutaragi is opposed to the Metaverse, Grayscale, the world's largest asset management organization, is not. It was predicted not long ago that the niche would be worth more than $1 trillion in the next few years.<\/p>\n\n\n\n

The investment behemoth stated that Metaverse's potential is not limited to the gaming industry<\/a>, but rather extends far beyond. The industry includes components like advertising, digital events, social commerce, and developer\/creator monetization.<\/p>\n\n\n\n

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

\u201cI definitely believe this is a massive, massive opportunity. You need the right platforms\u2026 that are definitely going to be a big opportunity for this entire ecosystem.\u201d<\/p><\/blockquote>\n\n\n\n

Israel also believes that “we're going to start using cryptocurrencies as money” in the Metaverse. However, Bitcoin<\/a>, Ether<\/a>, and other private digital assets are now too volatile to serve in this capacity. As a result, stablecoins are likely to evolve further as they are tethered to fiat currencies or precious metals and so move less.<\/p>\n","protected":false},"excerpt":{"rendered":"

Ken\u00a0Kutaragi,\u00a0the\u00a0creator\u00a0of\u00a0the\u00a0iconic\u00a0video\u00a0game\u00a0device\u00a0PlayStation,\u00a0believes\u00a0the\u00a0Metaverse\u00a0is\u00a0worthless.\u00a0 Ken\u00a0Kutaragi \u00a0is\u00a0not\u00a0a\u00a0fan\u00a0of\u00a0virtual\u00a0reality \u00a0headgear,\u00a0which\u00a0he\u00a0describes\u00a0as\u00a0“just\u00a0irritating.” \u2018Being in The Real World Is Very Important\u2019 – Ken Kutaragi The\u00a0Metaverse\u00a0has\u00a0quickly\u00a0become\u00a0one\u00a0of\u00a0the\u00a0most\u00a0popular\u00a0topics,\u00a0especially\u00a0since\u00a0Facebook’s\u00a0name\u00a0was\u00a0changed\u00a0to\u00a0Meta\u00a0at\u00a0the\u00a0end\u00a0of\u00a0last\u00a0year. Despite\u00a0growing\u00a0fashionable,\u00a0the\u00a0network\u00a0of\u00a03D\u00a0virtual\u00a0worlds\u00a0centred\u00a0on\u00a0social\u00a0interaction\u00a0is\u00a0not\u00a0for\u00a0everyone.\u00a0Ken\u00a0Kutaragi,\u00a0the\u00a0founder\u00a0of\u00a0PlayStation\u00a0and\u00a0former\u00a0CEO\u00a0of\u00a0Sony\u00a0Interactive\u00a0Entertainment,\u00a0is\u00a0one\u00a0such\u00a0person. The 71-year old Japanese argued in a recent interview with Bloomberg that the Metaverse is not the next big step in the tech universe. To him, it serves to divide rather than to unite: \u201cBeing in the real […]<\/p>\n","protected":false},"author":13,"featured_media":17042,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5794,21],"tags":[6762,5630,5620,6761],"class_list":["post-17037","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-metaverse-news","category-news","tag-ken-kutaragi","tag-meta","tag-metaverse-2","tag-playstation"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/01\/image-193.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/17037","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=17037"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/17037\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/17042"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=17037"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=17037"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=17037"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}