“It’s beyond any doubt that Metaverse is a sky-rocketing trend today, a decades-long dream for many,” says Alexei Kulevets, co-founder & CEO of Walken, a play-to-earn mobile fitness app built by a Lisbon-based team with over 50 million app store downloads to their name.
The hype has run far ahead of reality. And now bitcoin is crashing, so the market looks dour all around. Meta’s market capitalization, which topped $900 billion when the company changed its name from Facebook, now sits at around $Despite over $200 billion in investments over the years, there isn’t really a metaverse product anyone can buy. There is no Xbox Metaverse console that transports you and your friends into a virtual nightclub.
Other than a few amazing Hollywood-looking trailers, the graphics in these platforms are no better than a 1990s Nintendo, even in Meta’s Horizon Worlds. When Meta announced the launch of Horizon Worlds in France and Spain, it was greeted with widespread mockery. Some say the tech isIn the cryptocurrency investing space, patience lasts maybe six months.
Turns out people aren’t interested in doing everything “virtually.” Yay!!
It's not the right time, but success is on the way
What exactly do you call the metaverse?