According to CoinDesk, Ethereum co-founder Vitalik Buterin spoke at the BUIDL Asia conference in Seoul, emphasizing the need for a better definition of the metaverse. The term is often associated with virtual reality (VR) and augmented reality (AR) technologies, but Buterin argued that there is more to it than just VR. He stated that the metaverse is poorly defined and often seen as a brand name rather than a product, with people envisioning it as a virtual universe where everyone can participate and is not owned by anyone.
Buterin explained that for the metaverse to work properly, it needs to combine various virtual world elements, including crypto, virtual reality, and some AI components, in the right way. He also mentioned that if account abstraction is to become mainstream, it must balance security and convenience, something that Ethereum has not yet achieved.