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Oculus founder: Zuckerberg’s metaverse is like a money-burning project car

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Oculus founder Palmer Luckey doesn’t like what Mark Zuckerberg has developed so far for the Metaverse, though he does think it might eventually succeed. In 2014, Luckey sold his Oculus to Facebook for $2 billion. The deal is part of Zuckerberg’s $15 billion investment in the Metaverse.

Luckey spoke in an interview Monday about Facebook’s core metaverse app, Ground Line World. “It’s not good and it’s not interesting,” Luckey said. “Most people on the team would agree that it’s not a good product.”

But he believes that the amount of money Zuckerberg has invested in the project alone means that Horizon Worlds has the potential to get better and the metaverse has the potential to succeed. “It’s bad today, but it could be amazing in the future,” he said, adding that Zuckerberg will put money into it. In the long run, they’re the most likely of all to win.”

At the same time, he added, it will take time, and with it comes mistakes. He likened the metaverse to a “project car,” a luxury car that owners pay a lot of money for as a hobby. “You’re trying so hard to make it that no one may see the value,” he said. “Do they make mistakes? Yes, for sure. Will they waste money? Will they add things to their project cars and then remove them? Yes.”

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