DD
MM
YYYY

PAGES

DD
MM
YYYY

spot_img

PAGES

Home Tekedia Forum

Tekedia Forum

Forum Navigation
Please or Register to create posts and topics.

Metaverse is largely frozen

Niantic, Augmented Reality Platform, Raises $300mln for Real World Metaverse  - Tekedia

A few quarters ago, every major tech company was talking about metaverse. Fast forward today, not much. Indeed, this thing is fading badly.

The metaverse was once deemed "the next big thing," with companies making big bets on its future, but the hype has largely fizzled. Disney shut down its division as part of recent cuts and Microsoft (LinkedIn's parent company) recently paused its social-virtual reality platform. The metaverse was such a priority for Mark Zuckerberg in October 2021 that he changed Facebook’s name to Meta. With slowed metaverse adoption due in part to expensive hardware and glitchy software, Zuckerberg is shifting his focus toward AI and calling 2023 “the year of efficiency.”

Apple's highly anticipated reveal of its VR/AR headset in June — and a likely rivalry with Meta — could reignite interest in the metaverse.

Tekedia Mini-MBA edition 14 (June 3 – Sept 2, 2024) begins registrations; get massive discounts with early registration here.

Tekedia AI in Business Masterclass opens registrations here.

Join Tekedia Capital Syndicate and invest in Africa’s finest startups here.

The median sale price for land in Decentraland is down nearly 90% from a year ago.

Though the transformation may be farther away, Meta and Microsoft say they are committed to the metaverse.

LupusMeI has reacted to this post.
LupusMeI