Why the Metaverse will not be Decentralized with Robert Rice – Step into the Metaverse podcast: EP19

Some companies like Google or whatever, they've been investing heavily for years, but now everybody and their brother is jumping on it. That's the good side. The bad side is that everybody and their brother is jumping in on it. So, I mean, like, even in the last month, the number of new startups and ventures and press releases coming out that are just plastered with Metaverse is crazy. I mean, you know what? I think I would say that we've just entered the gold rush stage for Metaverse. We're nowhere near the Metaverse wars yet. That'll come in another five, six, seven years. But right now, it's the gold rush. And so anybody with an idea and label, blockchain and Metaverse is going to get, you know, some funding. But I think that probably 95% of those are not going to go anywhere. They're going to raise a lot of money and they're going to fizzle out after maybe a year because there's no there there. There's no thought process, there's no roadmap, there's no ip. It's just a rush for money. But the ones that can kind of survive that and make it through the next two or three years, I think that's going to be like the first generation of real Metaverse technology companies, kind of like the early, you know, early 90s for the web. That's kind of where we're at.