Is the Meta-Universe Losing Its Luster? A Look at Industry Changes and Price Drops

03/29/2023 10:23 • AI & Tech Insights • 68 views

According to reports, the previously popular metauniverse in the scientific and technological world has “fallen out of favor.”. Disney will cancel its Meta Universe division, Microsoft has closed a social virtual reality platform it acquired in 2017, and Zuckerberg, who renamed Facebook Meta to show his importance to Meta Universe, said in a earnings conference call last month that he is more focused on artificial intelligence. At the same time, the price of virtual real estate has also dropped significantly. According to data from WeMeta, a website that tracks land sales in the Metaworld, the median land sales price in Decentraland has decreased by nearly 90% compared to a year ago, from $45 per square meter to $5 per square meter. (Wall Street Journal)

Technology giants shrink the yuan universe business, virtual real estate prices plummet

Introduction:

– Overview of Meta-Universe concept and its initial popularity
– Recent changes in the industry indicating a decline in interest
– Exploration of potential reasons for this shift

What is the Meta-Universe?

– Definition of the Meta-Universe and its various applications in different fields
– Brief history of the Meta-Universe, including its initial popularity and growth
– Overview of current Meta-Universe projects and companies

Recent Industry Changes:

– Disney’s cancellation of its Meta Universe division
– Microsoft’s closure of its social virtual reality platform
– Facebook’s shift towards artificial intelligence focus
– Other companies’ similar moves away from the Meta-Universe

Price Drops:

– Discussion of decrease in virtual real estate prices in the Meta-Universe
– Data from WeMeta on Decentraland’s median land sales prices

Reasons for the Shift:

– Potential reasons for the decline in interest, such as technological limitations or lack of user engagement
– Discussion of alternative technologies and platforms that could be taking over the spotlight
– Speculation on potential future developments in the Meta-Universe industry

Conclusion:

– Recap of the current state of the Meta-Universe industry
– Thoughts on the potential future of the Meta-Universe and its competition
– Call to action for further exploration and discussion

FAQ:

1. Is the Meta-Universe completely dead?
– While there is evidence to suggest a decline in interest, it is not necessarily dead. There are still ongoing projects and companies in the Meta-Universe space, and it is possible that it will pick up again in the future.
2. What other technologies are competing with the Meta-Universe?
– Augmented reality (AR) and virtual reality (VR) are two technologies that are often mentioned as competitors or alternatives to the Meta-Universe.
3. Is it worthwhile to invest in the Meta-Universe at this time?
– As with any investment, it is important to do research and consider potential risks and rewards before making a decision. It is unclear what the future of the Meta-Universe will look like, so investing at this time may be risky.

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