Crypto industry leaders have divided opinions on whether Mark Zuckerberg will lead Facebook into the Metaverse, with Hodl Asset’s Jenny Ta saying Zuckerberg needs to resign if Meta is to succeed, while Animoca’s Yat Siu said , Zuckerberg is the only one who can push the company forward.
Ta, chief operating officer of non-fungible token (NFT) platform developer Hodl Assets, said Zuckerberg needed to avoid lawsuits and protect the company's image by stepping down as CEO.
But Yat Su, co-founder and chairman of blockchain gaming and virtual real estate developer Animoca Brands, said Zuckerberg was a "force of nature" who could make Meta's vision a reality, but he hoped Zuckerberg would Berg can embrace the decentralized model.
The comments come amid Facebook's recent rebranding to Meta, which aims to provide a platform for creators to build virtual online businesses, launching a virtual reality called "Reality Labs" in the process of creating the Metaverse hardware business.
Zuckerberg's Metaverse
Ta told Cointelegraph that as regulators scrutinize the CEO over Facebook’s data mining, privacy and content policies, he would be better off resigning to provide Meta with a clean history. She went on to compare it to Bill Gates and Microsoft in the early 2000s.
"Bill Gates, when he was the CEO of Microsoft, he was a monopoly. So the government came after him. The lawsuits came one after another, until one day he said 'forget about this. To save Company, I need to resign.' Guess what? This really works."
Ta said that people like Zuckerberg, Gates, and Jeff Bezos never actually wanted to "abandon the throne," but they would if they needed to, in order to "protect their fortunes" and repair the company's legacy. image.
“Mark Zuckerberg’s fortune is Facebook, not the Metaverse. The Metaverse has yet to prove anything to him. … In order for Meta to start over with a fresh start, he has to step down and he has to have a new chief Executive to manage Meta."
While Siu isn't necessarily supportive of Facebook's Metaverse move, he thinks Zuckerberg needs to stay at the helm. Siu referred to the CEO as a "force of nature" who at this stage is more focused on getting his project done than getting monetary compensation.
"It's really ironic. I think Meta needs Mark Zuckerberg to realize the vision because it's a founder-led organization, right? What would you say about all the things that Mark might have done inadvertently? He's Smart. He's one of the smartest people in the world. He's going to drive the company forward in a mission-driven way."
The question, however, according to Siu, is whether the group can "fight alongside him at the pace he wants and properly contest him". Siu also believes that if Meta and Zuckerberg want to truly create an "open" and successful Metaverse, it needs to rethink its current centralized business model:
"I think Facebook is facing an innovator's dilemma, which could be the opposite of what Mark wants to do."
mainstream adoption
More broadly, Ta likens the current state of the Metaverse to the initial adoption of text messaging when phone calls were standardized. Ta cites the example of her mother, who didn’t see the point of using the technology at first, but after 5 to 10 years it became one of her main modes of communication:
"The 5% of the world who actually know what the Metaverse is is like someone who first used text messaging 20 years ago."
Siu believes that "mass adoption" is coming soon, as the conversation about the space has shifted from a niche topic to something that reaches a mainstream audience.
"It's gotten to the point where every interaction becomes an exponential focus because it's no longer one person talking to another person to introduce another person. It's a thousand people talking to a thousand people, creating Thousands of people came to the field."
"What we have to discuss now is how we go from tens of millions to hundreds of millions."
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