Walt Disney Co. has shut down the division that was developing its metaverse strategies. Microsoft recently shut down a social virtual-reality platform it acquired in 2017. And Mark Zuckerberg, who renamed Facebook as Meta Platforms to signal his seriousness about the metaverse, focused more on artificial intelligence on an earnings call last month. Meanwhile, the price for virtual real estate in some online worlds, where users can hang out as avatars, has cratered.
Source: The Metaverse Is Quickly Turning Into the Meh-taverse
