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Some tech experts that led Meta’s seeming success in the metaverse project have also left it amid the slow increase in its popularity. John Carmack, who oversaw Meta’s development of VR headsets, declared the project was only performing at “half the effectiveness” required as he left the business.
Disney has announced that its metaverse branch would close. In the next two months, it intends to fire up to 7,000 workers in an effort to increase profitability.

Disney invested in the metaverse with the intention of using the technology to interactively tell its stories and implement augmented reality in its theme parks. Yet, there are signs that this won’t happen.

Microsoft, which had also placed a significant wager, is abandoning its metaverse aspirations in favor of generative AI by integrating GPT into its Bing platform.
Yet some people are still hopeful. Despite the short-term problems, technology is supposedly here to stay.

Benjamin Arunda, a blockchain specialist and the founder of ChainAdvise, believes that for that to happen, the public must stop viewing the idea through a fancy lens.

There are practical applications for VR and AR in research, education, health, and space travel. If done physically, taking pupils on a trip in space or beneath the sea is tough and expensive, for example, Arunda added.

He said that other parts of the metaverse must also alter for it to be widely embraced.

It still has a ways to go. The equipment is excessively heavy. They ought to be as thin as eyeglasses, as well as as inexpensive and widely accessible as cellphones. Also, they must to have ear and eye protection.

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