The Creator of Ethereum Is Confident of the Metaverse's Failure

The creator of the Ethereum (ETH) cryptocurrency, Vitalik Buterin, predicts a fiasco for the Meta* development projectmetaverse.

«My critique goes deeper than the “Wikipedia metaverse will surpass the Encyclopedia Britannica metaverse” statement.

The point is that we can't yet define the word "metaverse" and don't know what people really want. Therefore, any platform created by Facebook will fail»Buterin said.

However, Meta CEO Mark Zuckerberg disagrees withVitalik's position and highly appreciates the potential of the virtual space, which the company's employees are working on. Zuckerberg is willing to spend huge amounts of money on the development of the metaverse because he expects to justify the investment.

On the amount of expenses for the design of a virtualspace can be judged by Meta's financial reports. According to the documents, the department of the company that develops the metaverse, Facebook Reality Labs, suffered a loss of $ 10.2 billion in 2021, and went negative by $ 5.77 billion in the first half of 2022.

* Meta is recognized as extremist in Russia.

Where is it more profitable to buy cryptocurrency? TOP-5 exchanges

For a safe and convenient purchase of cryptocurrencies with a minimum commission, we have prepared a rating of the most reliable and popular cryptocurrency exchanges that support deposits and withdrawals of funds inrubles, hryvnias, dollars and euros.

The reliability of the site is primarily determinedtrading volume and number of users. By all key metrics, the largest crypto exchange in the world is Binance. The platform supports transfers in rubles from bank cardsVisa / MasterCardand payment systemsQIWI, Advcash, Payeer.

Especially for beginners, we have prepared a detailed guide: How to buy bitcoin on a crypto exchange for rubles?

Rating of cryptocurrency exchanges:

#	Exchange:	Website:	Rating:
1	Binance (Editor's Choice)	https://binance.com	9.7
2	Bitget	https://bitget.com	7.8
3	Huobi	https://huobi.com	7.2
4	AAX	https://aax.com	6.9
5	Bybit	https://bybit.com	6.3

The criteria by which the rating is set in our rating of crypto-exchanges:

• Work reliability— stability of access to all functions of the platform, including uninterrupted trading, deposits and withdrawals of funds, as well as the duration of the market and daily trading volume.
• Commissions– the amount of commission for trading operations within the platform and withdrawal of assets.
• Additional features and services— futures, options, staking, NFT marketplace.
• Feedback and support– we analyze user reviews and the quality of technical support.
• Convenience of the interface– we evaluate the functionality and intuitiveness of the interface, possible errors and failures when working with the exchange.
• final grade– the average number of points for all indicators determines the place in the ranking.