Key Takeaways
HTC Vive, the virtual reality brand of HTC Corporation, has revealed a Metaverse product called Viverse.
The Viverse supports the use of Bitcoin and Ethereum to allow the purchase of NFTs and other Metaverse-related services.
The launch received criticism from users who disapproved HTC’s use of NFTs and crypto assets.
Share this article
HTC VIVE has received negative reactions from users complaining about its planned implementation of a Metaverse.
HTC Riles Up Users Over ‘Viverse’
HTC’s Metaverse plans have not been well-received by many of its users.
HTC VIVE, the virtual reality brand at HTC Corporation, revealed a Metaverse product called Viverse on Thursday. The Viverse supports the use of Bitcoin and Ethereum to allow the purchase of NFTs and Metaverse-related services.
In a promotional video, HTC VIVE showcased its Metaverse features, including the ability to to pay for a virtual wine tasting with Bitcoin and the ability to purchase NFTs using Ethereum. However, the company has attracted a lot of criticism from users who are unhappy with the Metaverse vision, as well as the adoption its crypto plans.
In response, many anonymous users have expressed stark disapproval of HTC’s embrace of NFTs and crypto, with some even threatening to boycott HTC products. A user going by SpookyBiscuits responded to HTC’s post, writing “you can keep the crypto garbage, I’ll stick with my valve hardware.” Windyson, yet another detractor of the move, told HTC VIVE to “stick to making hardware,” adding that “Metaverse and NFTs are horrible.” In another example, a user under the pseudonym nyaarium presented an obituary for HTC VIVE, writing: “VIVE had a great life, bringing the world of VR to many eyes. VIVE unfortunately contracted NFT, and did not make it.”
HTC joins other technology firms who dealt with user backlash from considering NFTs and other cyrpto products, including Discord, Ubisoft, Kickstarter, and Mozilla. These Web2 firms drew major backlash primarily over the perceived environmental impact of Proof-of-Work, the consensus powering Bitcoin and Ethereum blockchains.
The concept of the Metaverse has exploded in popularity since Facebook announced its rebrand to Meta and declared a revamp “to help bring the Metaverse to life.” In the future, Facebook may leverage its prowess in virtual reality to offer immersive online services and compete alongside emerging blockchain-based Metaverse players like Decentraland and The Sandbox.
Going forward, HTC may adopt the Metaverse as a strategic niche, considering the firm has been a notable player in the virtual reality space for over half a decade. Simultaneously, HTC has had interest in blockchain for a few years as well. In early 2019, it launched the HTC Exodus 1, a blockchain-focused smartphone with native support for crypto wallets and Ethereum dApps.
Disclosure: At the time of writing, the author of this piece owned ETH and other cryptocurrencies.
Share this article
The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.
You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.
See full terms and conditions.
OVR – the largest decentralized AR Metaverse
OVR is the decentralized infrastructure for the metaverse, merging physical and virtual world through Augmented Reality, creating a new dimension where everything is possible. It’s composed of 1.6 trillion unique hexagons…
HTC: Leading The Exodus To Decentralization
Decentralization seems like the promised land for cryptonauts, and HTC’s new smartphone is trying to lead the way. In an announcement today the company revealed the full release of the…
Get Ready for NFT Trading on Facebook and Instagram
Meta is reportedly preparing to let Facebook and Instagram users display and trade NFTs. Meta Reportedly Readying NFT Support It sounds like Meta is about to double down on its…
The Metaverse to Trillions? Virtual Worlds Turn Bullish
Decentraland and The Sandbox are soaring as interest in the Metaverse continues to grow. As the crypto market rebounds from its latest dip, MANA and SAND both look poised for…
Be the first to comment