The metaverse bubble has popped — we have charts to prove it
The metaverse was meant to herald a bright new future for humanity. With none other than Mark Zuckerberg at the helm, it was supposed to welcome five billion users and grow to $13 trillion, according to researchers at Citi. Unfortunately, it appears that these analysts — and Metaverse cheerleaders — were getting a little ahead of themselves. Zuckerberg’s metaverse division at Meta (formerly Facebook) lost $4.5 billion last quarter alone, adding to its lifetime, $46 billion-and-counting metaverse losses. His flagship metaverse game for adults, Horizon Worlds, is embarrassingly popular with children. Similarly, the crypto metaverse industry — at least when measured using the prices of assets like land parcels, metaverse currencies, and in-world characters — has all the characteristics of a dazzlingly popped bubble. YouTuber finds only 900 daily users in Horizon Worlds — Meta’s $36B metaverse Decimated digital land and asset prices Consider The Sandb...