Big Tech player Meta (NASDAQ:META) gave the metaverse a bad name when it pushed its janky vision to the masses. Luckily, open online virtual worlds have continued to evolve, says Yuga Labs CEO Daniel Alegre.
Speaking to Cointelegraph at Token 2049 in Singapore, Alegre said the problem with the metaverse is that Meta “ruined the term because it said: ‘This is something brand new’” — despite other metaverse platforms already existing.