Candle Media CEO Kevin Mayer Says Mark Zuckerberg Owning the Metaverse Is ‘Absurd’ (Podcast) - Yahoo Entertainment

Amid the emergence of immersive environments and VR from a fig of platforms and companies, Candle Media co-founder and CEO Kevin Mayer called the thought of Mark Zuckerberg owning the Metaverse “absurd.”

“You spot each of these universes, if you will, and the metaverse wins each interoperability and you tin instrumentality things crossed each of them — I deliberation that’s what I would telephone the Metaverse,” Mayer said connected TheWrap’s “Tech vs Media” podcast with big Richard Wolpert. “We’re not determination yet. That does not beryllium yet, but I deliberation we should look for that to hap successful the not-too-distant future. But Zuckerberg owning the Metaverse and each that seems a small absurd.”

For Mayer, who identifies video games arsenic the aboriginal manifestation of the Metaverse, video games and blockchain are indispensable to the instauration of a existent and broad virtual world space.

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“To the grade that aggregate of these universes beryllium you request to person interoperability crossed them, that’s wherever blockchain tin beryllium precise helpful,” Mayer said. “That volition let for interoperability and transportability among the goods betwixt antithetic instances of the metaverse, and I deliberation that video games are starring the mode there.”

Despite the inferior of blockchain, the erstwhile TikTok CEO echoed OnChain Studios CEO Will Weinraub’s interest astir NFTs being “vastly” overhyped and needing real-world benefits to beryllium their value.

“I’m not a instrumentality of the ridiculous hype that’s astir web3 and the full NFT thing,” Mayer said, underscoring that the manufacture indispensable absorption connected “product benefits and features versus the underlying technology” since NFTs are “enablers to make thing that’s valuable.”

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“I deliberation that radical person gotten mixed up a small spot that if you person thing connected the blockchain, and past there’s 1 of them that it’s automatically valuable,” helium continued. “And I don’t deliberation that is true. I deliberation determination has to beryllium immoderate inherent worth that underlies it, past you tin beryllium ownership, and you make secondary marketplaces, and there’s a batch of bully things astir it. But the hype is vastly implicit done.”

While NFTs mightiness not yet beryllium themselves captious to improvement of immersive spaces, Mayer sees blockchain arsenic an “important portion of the aboriginal of the world.”

“Blockchain is the superior mode that you tin beryllium ownership of a integer plus indisputably, if you will, and truthful it tin make scarcity,” Mayer said.

Listen to the afloat occurrence below.

Episode highlights:

• Kevin Mayer walks done his favourite acquisitions helium oversaw during his clip astatine Disney, including Marvel and LucasFilm — and wherefore helium would person loved to spot a woody with Lego

• Kevin Mayer explains wherefore helium thinks Netflix is the streaming work successful the champion signifier and gives his instrumentality connected their summation of an ad-tier

• Kevin Mayer breaks down his takeaways from serving arsenic CEO and COO connected TikTok and however their strategy to e-commerce and storytelling has influenced his ain nonrecreational approach

• Kevin Mayer shares his position connected the ongoing video contention betwixt TikTok and YouTube

• Kevin Mayer weighs successful connected the hype surrounding web3 and NFTs and wherefore helium believes determination indispensable beryllium “inherent value” to pull real-world audiences successful the longterm

• Kevin Mayer predicts Apple could determination the marketplace if they came retired with a large VR headset

• Kevin Mayer explains however helium and Tom Staggs person managed to thrive arsenic some co-founders and co-CEOs

About “Tech vs Media”

On each occurrence of “Tech vs Media,” host Richard Wolpert — who has decades of exertion and media acquisition arsenic an executive, laminitis of tech companies, task capitalist and philanthropist — and 1 his esteemed guests volition divulge enlightening lessons and springiness their insightful position connected the movers, creators, disruptors and innovations that are shaping the aboriginal of media and exertion and however these industries volition intertwine with 1 another.

New episodes of “Tech vs Media” driblet weekly. Click present for each the episodes.

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