Why the metaverse can’t succeed with idiots on chasing money as leaders

What do all the “web3” metaverse ideas have in common, they are all lead by morons who are only interested in the potential to make a lot of money, And they are just copies of things that already exist.

The amount of times as a web developer I’ve been asked about integrating project XyZ on the blockchain is actually painful, even for projects that have no business being even related to the blockchain.

But it doesn’t matter, it’s almost like companies are being told it’s the golden ticket, and all chasing it.

Recently we’ve seen a massive decline in decentrasecondliferipoff smart contract interactions. Suggesting that in 32 players are actually playing could be inaccurate. There are only 32 interactions with smart contracts. Either way that’s still horrificly low.

Of course you can make the argument that there are 1000s of currencies round now in this market with no trading volume, nfts are down.

No. Bad currencies and rugpull nfts are down on volume trading. Projects with potential and community are still moving big. The issue isn’t the market it’s the projects entering it.

And that’s the issue with these metaverse projects. The idea of web3 and the metaverse are innovative but nothing is innovative that’s actually coming from it.

Ironically the best example of the metaverse right now is Roblox. A game that’s been around for years, and is still going. It has had its own currencies for ages, an eco system and multiple worlds.

Yet for money reasons they are just recreating Roblox/second life copies where you have to pay for land. It’s clear innovation isn’t at the forefront of the desire to create. But money. Then comes the issue, why would anyone leave something they are familiar with happy playing, to go play the exact same game. That now costs more.

It’s causing any interest in web3 and the verse to just disappear. I don’t blame them. It all sucks. Even projects that claim to bring innovation fall way short of what they promised and push out some halfbaked broken beta and take the money.

It sucks.

This was more of a rant I feel.