Whoever has not doubted the future of the metaverse, cast the first stone. The much anticipated end of this digital space, promoted by Mark Zuckerberg in the first instance, may be close: it will be in 2025.
The analysis company Canalys, after having detected the crash of the Meta metaverse, has concluded that most of the businesses related to this concept will close in three years. Thus, the metaverse, instead of being the great technological advance of the decade, will only be a very minority platform – even more -.
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As The Register reports, Matthew Ball, the company’s chief analyst, has recently participated in the company’s Channels Forum in Barcelona and has shown his mistrust of the metaverse. According to the specialist, there are sufficient reasons to do so: “Tens of billions of dollars have already been invested, the costs and delays of Meta itself are a barometer.”
Ball believes that the pornographic aspect of the metaverse can attract a specific audience
Meta
Ball considers that the world is living a very complicated time. Between war, inflation and low wages there are too many problems in the real world without having to have some kind of parallel life in the metaverse. “We are in a cost of living crisis, people have difficulties in the real world and even more in the virtual one to be able to invest in real estate, objects and other NFTs”, he has detailed.
In this sense, he only considers that games for adults will have some success among “a target audience”, who are those who could be more interested in spending significant money on virtual reality glasses and leading a digital life. But the metaverse, according to the expert, will not succeed in the commercial sector. “Not at all, it’s over.
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Billions in losses
Ball’s predictions, which are shared by other experts, have no place within the big technology companies. Meta leads the race and is followed by Apple, Google and Microsoft. All of them have invested a large amount of money. According to the strategic consulting firm McKinsey, 177,000 million dollars have been invested in this sector since 2021.
All this money is still not returning to the pockets of companies. Zuckerberg himself has already acknowledged that “the creation of the metaverse will mean huge losses of money for three or five years.” At the moment, Reality Labs, the Meta division that runs the metaverse, has lost about $16 billion since the beginning of last year and is making budget cuts to balance the books.
