Will metaverse fail?

The Metaverse is definitely going to fail, except as an extension of the video game industry’s revenue. However, as long as Zuckerberg and others want to tip over at that windmill, there will be a market of hundreds of billions that will supply them with chips and electronics, such as taking quarters from a video player. MARK Zuckerberg’s metaverse plans were questioned by a former Nintendo manager. While Meta’s advertising vision for Metaverse Worlds is a series of different snapshots, other metaverse platforms such as Decentraland, The Sandbox, and Cryptovoxels have a certain amount of urban planning.

The billionaire has talked about his metaverse world and his expectations that people will one day live in virtual reality for the majority of their lives. Like many other metaverse buildings, it serves as a huge room symbol that is meant to draw people’s attention to it. Currently, the idea is that Meta can use its current cash flow to outperform the competition in building the hardware and software for Metaverse and Virtual Reality (VR) and Augmented Reality (AR), thus ousting the competition. Apple is working on its own headset and is reportedly not interested in the metaverse that Meta is tracking, which could be a good thing.

The South Korean Metaverse 120 Centre will offer both recreational and administrative services. The project is one of the few Metaverse initiatives primarily led by a government, as part of the country’s digital New Deal for public digital infrastructure. Beyond that, we’ve seen recent examples of harassment in metaverse spaces, which is too big of an issue with regular dating right now. The Oculus headsets were significantly ahead of the competition, but Meta doesn’t seem to be able to find a clear strategy to capitalize on the Metaverse vision and open openings to competitors big and small.

In the interest of not sounding like the biggest metaverse hater in the world, there are certainly positive, transformative applications for the platform. In his 1992 novel Snow Crash, American science fiction writer Neal Stevenson was the first to imagine the metaverse that was built along the so-called road. Zuckerberg’s Metaverse World looks more like a desktop background than a deliberate, spatial environment. Trying to be a Metaverse platform isn’t bad, but this is where Metas other decisions conflict.


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About the Author: Metaverse Editor