Lots of bad news about the Metaverse. It has fallen from grace. Microsoft is cutting back on their hardware unit after having failed to deliver what they promised to the US military, Zuckerberg has after renaming his company Facebook to Meta and dumping billions of dollars into a bottomless pit, has shifted development resources to AI. Web3 has revealed itself what is is: another money grab by the crypto bros. Now Disney is closing its Metaverse department.
The photo at the top is not from the future. It’s from the past.
As is turns out, the future is not Metaverse. AI is the next big thing.