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Analyst: Most Metaverse Projects Will Go Out of Business by 2025

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Given the recent epidemic of metaverse chatter, it would seem that the new online space has a long and healthy road ahead. According to one analyst, that may not be the case. Matthew Ball, chief analyst at technology market research firm Canalys, recently revealed that he believes most metaverse projects will be finished in the next few years.

According to new information, Ball shared his thought process at Canalys’ 2022 Channels Forum in Barcelona. report from the register. As for whether the Metaverse is seen as “the next digital frontier” or an “overhyped money pit,” Ball argues that Meta’s complex project and its rather pathetic roadblocks are the key to the success of the Metaverse as a whole. can be viewed as a barometer of He went on to say that he believes most Metaverse projects will be finished by 2025.

Ball’s analysis runs counter to recent predictions Quoted by InterpolMarket research firm Gartner says that by 2026, a quarter of Americans will spend at least an hour a day in the Metaverse. billion people It will appear in the metaverse by 2030.

But from the outside of the metaverse development space, Ball’s pessimistic predictions are much easier to understand. Despite investing billions in the platform, Meta (the largest player in the metaverse space by and large) has struggled to launch its version of the metaverse.Most people have heard by now what meta has to do force employees We use Horizon Worlds, our flagship metaverse product. It makes sense that Meta employees would be hesitant about using Horizon Worlds at work. Working in the metaverse is the absolute worst.

(Image: Meta)

Some prominent tech founders have explicitly (in multiple ways) denied the metaverse, Unfortunate the product eat up resources It’s free and can be used to fix real existing issues as well as create new issues. This is consistent with Ball’s point about accessibility. Few people are interested or able to invest hundreds of dollars in the midst of a cost of living crisis. thousand) dollars in virtual spaces like the Metaverse. “People are struggling to be able to invest in assets, items and other his NFTs in the virtual world as well as in the real world,” said Ball.

It takes a lot of faith to carry out a project as large and complex as the Metaverse. Meta, along with tech giants such as Microsoft, Apple, and Google, appears to be able to maintain that credibility for now, if only to prove its recent investments are worth it. If the ball is going in the right direction, it will only be a few more years before we know if it’s actually right.

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