Metaverse projects failed on lack of correct business model: MetaMinds CEO

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MetaMinds Group CEO Sandra Helou told Cointelegraph that the metaverse is not for short-term goals but rather a long-term vision that requires a lot of strategy and funding.

The metaverse may no longer have mainstream appeal to some global tech leaders compared to two years ago. However, weaknesses in the testing of the various investments and initiatives in the emerging technology may have resulted in some of them failing.

believe that the metaverse will play a crucial role in helping their businesses achieve short-term success. According to the survey, most tech leaders are leaning toward artificial intelligence instead over the next three years. The narrative, however, did not faze builders in the space, who mostly remained optimistic about the technology’sWhen asked about how companies can ensure the longevity and relevance of metaverse projects, Helou said the industry should address accessibility and interoperability:

The executive explained that builders should ensure metaverse product lines are aligned with what the users, their clients and the market need, including the proper blockchain network, assets to use and understanding the safety and security behind digital identities. She added:

 

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