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What actually happened to Mark Zuckerberg's $47 billion Metaverse?www.indy100.com/news/mark-zuckerberg-metaverse-what-happened
680 sats \ 5 comments \ @k00b 6 Jul tech
Last year at the World Economic Forum, Meta's head of global advertising relationships, Nicola Mendelsohn, said it will take around 10 years for the Metaverse to fully take off.
It was reported in February this year that Horizon Worlds - the online virtual reality game developed by Meta - lost nearly $70 billion over the last few years.
Meta is reportedly still invested in the future of the Metaverse, despite drastic losses of almost $50 billion since 2019.
I haven't been keeping up with VR stuff, but I wonder what they mean by Metaverse exactly. If it means they're trying to create open worlds with massive of scope, maybe they should focus on making better games first? It's easy to imagine how much bureaucracy and non-sense impregnates projects with unlimited, hypothetical scope.
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55 sats \ 1 reply \ @BlokchainB 6 Jul
I thought meta was dead. Meta calling itself meta is the only time I think or hear about the metaverse.
But I’m with ya I think the goal is to build a ready player one type digital universe but the technology now is clunky and expensive. But $70B on a product no one cares about is a massive plunder and would bankrupt 90% of companies but since meta has a huge monopoly on advertising they have the cash to stomach this pursuit but I often think their pivot to chase AGI will divert more resources away from the metaverse pursuit.
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0 sats \ 0 replies \ @BlokchainB 6 Jul
Blunder *
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33 sats \ 0 replies \ @realBitcoinDog 6 Jul
It’ll pop back up when the NFT craze hits again sadly
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33 sats \ 0 replies \ @kruw 6 Jul
VR technology is underwhelming because your vision is the only sense affected by the illusion. Specialized environments like golf simulators or flying/driving simulators help, but drive the cost up and availability down.
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21 sats \ 0 replies \ @Machiavelli23 6 Jul
I still remember a few years back everyone was buying virtual real estate, thinking it was going to be the next big thing. I wonder how much money all those people lost in the craziness of those days. Like Michael Saylor said Bitcoin is the Manhattan real estate of the internet.
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