Karsten Wenzlaff, Advisor
August 26th, 2025
Karsten Wenzlaff is a Crowdfunding and Fintech Expert from Germany. He is Secretary-General of Digit[...]
Robby Yung, CEO Animoca Brands: ‘VR is a big distraction. There is no Metaverse without Web 3’
Decrypt | Stephen Graves | Nov 5, 2022
Robby Yung, CEO of Animoca Brands. Image: Web Summit
Robby Yung took aim at Meta's focus on virtual reality for the metaverse, calling VR "a big distraction" and "a mistake."
Robby Yung, CEO Metaverse investment firm, Animoca Brands at a panel discussion at Web Summit in Lisbon, Portugal:
There is no metaverse without Web3, because you need to have that transaction layer so that you have interoperability between content and you can bring it from place to place. We as an industry are working on setting standards for that. We've set up some various consortiums to try to address those issues.
See: Digital Identity Protection is Critical for Metaverse Innovation
My personal view is I think VR is a big distraction. VR is "just one platform" by which the metaverse can be accessed.
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