Robbie Jung (CEO of Animoca Brands), speaking at the annual Web Summit IT conference, said that the creation of metaverses will take many years.

He also drew attention to the fact that the metaverse cannot exist without Web 3, because all virtual universes need compatibility between content.

In November, the Open Metaverse Alliance was launched and Animoca Brands became one of the founders of this group. The consortium insists on applying interoperability standards in Metaverse. They will help to integrate NFT from one site to another.

Robbie Yung criticized the Meta's approach to the Metaverse. In his opinion, such a concentrated attention on virtual universes is a mistake.

In October, Meta reported massive losses due to the Metaverse. And the creator of ConsenSys and co-founder of Ethereum, Joseph Lubin, said that today's virtual universes are the Internet of 1994.