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Wsj, 'Colder Big Tech on the metaverse, slows down the race'

2023-03-30T02:07:22.001Z


The race to the metaverse collides with reality. If until two years ago it was at the center of Big Tech's aspirations, it has now been set aside. (HANDLE)


(ANSA) - NEW YORK, MARCH 29 - The race for the metaverse collides with reality.

If until two years ago it was at the center of Big Tech's aspirations, it has now been set aside.

Walt Disney closed his division that dealt with the development of strategies for the metaverse, and Microsoft - reports the Wall Street Journal - recently put an end to the virtual reality social platform that it had purchased in 2017. Even Mark Zuckerberg, who changed the name of Facebook in Meta to demonstrate its seriousness about the project, in the last conference call with analysts it dedicated more attention to artificial intelligence.

The coolness towards the metaverse is then confirmed by the collapse of real estate prices in the online worlds.

On Decentraland alone, the average selling price of land has dropped by around 90% compared to a year ago.

(HANDLE).


Source: ansa

All life articles on 2023-03-30

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