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I've heard of news not so long ago about Decentraland, one of the biggest and most funded metaverse projects out there having a measly daily active users of less than 40. On the other hand, Meta, Facebook CEO Mark Zuckerberg's answer to Metaverse has been receiving flak in multiple aspects of his still in-progress creation. I also noticed that less and less projects include implementation of their project or a fundamental of it in the Metaverse as a form of future-proof answer. So this begs the question, is Metaverse still the future? is it just a fever dream we once had that we are now waking up on?

I am still very skeptical about Metaverse. I personally think we are not yet ready for Metaverse.
There are not much usecases currently and apart from that we do not have the gadgets handy.
I mean we don't get to see the VR headsets in everyone's house generally.
So basically, the adoption is not at par with the technology which is the reason why there is not much buzz around this topic these days.

AR and VR have been growing economies for a while, they've just been given different names. They might still be growing (just under a different name) but I think they've stunted quite a bit and are waiting on new ideas to enter the space where people are actually able to do things that are different (VR isn't that impressive or immersive to a lot of people too in my opinion - especially without other things to make your space feel more realistic - like moving floors).

I would say that they still have a portion in the future and that's making a lot of doubts these days because we're in a bear market. That factor really has decreased the belief in it and its full potential because it's not the same as last year when almost most people have been telling that Metaverse is the future. The bigger part of it was built during the ATHs and through hype but since we're in the reality now, it's being tested and we'll see if it will stand on the test of time and if it will survive.

I don't think it's right to say it's a thing or not right now but given how poorly they handle their project and the PR behind it, Metaverse will continue to end as a failure. Maybe if they make it more crypto friendly and take it away from Mark's hands partially if not entirely, maybe they can probably salvage the project. They're also building it during the crypto winter so it's no surprise that they're not getting that much attraction.

Metaverse is a new technology that still needs more time and focus to get better development of course. And so far I haven't read much news about this Metaverse so I can't say anything unique except the statement that was said by Michel at the Media Gathering where he said "With Augmented Reality (AR) technology we can continue to move in the world. real but can be combined with the virtual world. In contrast to the metaverse currently used with Virtual Reality tools that focus on the digital world," _{Source (https://www.liputan6.com/crypto/read/5074018/menilik-perkembangan-metaverse-pada-masa-depan)}.

And after reading that statement, I think Metaverse will continue to grow if there are more benefits and better conveniences in the future, because every new technology or product that can give birth to its own convenience and uniqueness when used by many people, then it will easier to get better progress.

Metaverse was never a thing! It was a hype and the hype is slowing down for good reasons. I am not sure why Meta had invested billions of dollars into it, but this is a sheer wastage of money. Their stock is reflecting the same thought as well.

Metaverse will never have a great future unless you can fool an entire generation to wear a VR glass and stay disconnected from the real world.

No, it's just a fad that went away when people realize that the metaverse is nothing special, just a buzzword trying to revive and bring into attention a very old concept that was actually in place for a long time, Second life (2003) was such metaverse, a game in which you have your own digital life, Minecraft is a metaverse there is nothing special about them, just billions of $ throw at it trying to revive the VR hype which was a total flop.

As for metaverse coins:
It's Lonely in the Metaverse: DappRadar Data Suggests Decentraland Has 38 ‘Daily Active’ Users in $1.3B Ecosystem
https://www.coindesk.com/web3/2022/10/07/its-lonely-in-the-metaverse-decentralands-38-daily-active-users-in-a-13b-ecosystem/


So at this point, even a crappy hot dog cart or a shady vendor behind 7-Eleven has more customers than Decentraland, and while the hotdog cart is worth 1k maybe those are valued in billions.

Is a metaverse needed right now? Short answer, no!
And anyone that disagrees with me can tell me why and what he plans to do in this metaverse!

It is pretty obvious that it is not “good” enough to work.

About 25 years ago Jude Law did an immersive gaming movie 🎥 metaverse would need to work as well as that to be a thing.

I will look for the title of the movie.

existenz is the title.

it is not a great movie but it dates to 1997 and is pre “the matrix”

i think when you see it you realize we are nowhere near that tech which is why the metaverse is a fail


https://en.m.wikipedia.org/wiki/Existenz

watch it and realize we cant touch that.

https://en.m.wikipedia.org/wiki/The_Matrix

and watch both movies back to back

Existenz then The Matrix then check out the meta verse

and you will say yeah the metaverse is not even a 1/100 of Existenz which is maybe a 1/10 of the matrix.

So people at least know the Matrix they think oh maybe the metaverse is kind of like it it is not.

Let's consider the first set to emerge the success of this to make thier own history by beating ahead every others that have identify interest on the Metaverse, we cannot conclude that the whole project is down for now but i want to believe everyone is on research to find and present something new about the whole idea, though we never hear much on Facebook Meta for long but in the same respect, things needed to be find out to serve a solution as we wait to see who glset in first.

The metaverse is a project for the future, so expecting success at this very early stage is a bit too much to expect, we ought to give it time. If the people behind the metaverse project and its development fail to continue its development, because the task of making it a lively place where people will love to visit is no easy one, it will become a project that failed.

I just watched a video about Zuck and the metaverse which was very critical but also very much on point in so far as it was convincing.  Apparently Meta is touting the metaverse as some kind of workplace solution, and if that's the case then I think it's so far into the overkill realm that it's ridiculous.  I don't think any businesses have been crying out for a VR solution to holding meetings or anything like that--and that's on top of the shitty quality of the graphics that have been shown so far.

This whole development process seems like it's turning into a nightmare for Meta, which pleases me greatly as I twirl my evil moustache and clap my gnarled hands together, awaiting their demise.  They are an atrocious company that deserves to fail, and the quicker the better.

It's a big thing when we are in the pandemic, I mean people doesn't want to interact "physically" and so this project was born out of that necessities. So I would agree that the hype has been going down in recent months specially when people can not go out and be big in the norm.

And yes Meta have been losing billions already and yet they don't even have a prototype. But we don't know if they will continue with the project, it seems that they already taken the risk so they might as well continue to developed in the next couple of years and maybe we can see if it will be the future or not.

It really seems to me to be all hype and nothing concrete. I'm still not sure what's the use of the "metaverse".

Why considered Metaverse "as a future" in the first place? For me, it's just a usual thing that can be happened in the future as part of the growing and improving technology. You have to understand that the idea was become popular today because of the hype but the execution isn't as simple as everyone thinks.

Just don't dream about it and let just the "usual" progress take place rather than be carried by the hype.

Simply, if it will happen, it will happen.

Zuckerberg’s defenders, largely his Silicon Valley peers who seem worried that the feelings of a megabillionaire might be hurt, urged consumers and critics to take a wait-and-see approach. “The folks who are shitting on Zuck re Oculus should shut up,” tweeted the investor Michael Seibel. “He is trying to invent something new. Just give him some time to try.”  :D
source: https://www.bloomberg.com/news/articles/2022-10-18/mark-zuckerberg-ignores-facebook-to-build-his-metaverse

I wish this could be a successful attempt but we have also been taught about the failure of metaverses that lose the confidence of the investors and hard to trust them back again. I see how the Facebook founder tried to cover it up but couldn't be enough to please the community. Though it was too early to think about it and said "a thing in the future", however, I would say that Metaverse will have to show something first before it happens. And prove that they are worth trusting, in that case, we can conclude that it will hit the taste of the people.

I do not think that VR support is a legitimate issue for meta. There are affordable rigs which allow a person to insert their smartphone into a headset to run VR apps.

https://i.ibb.co/YXFRCnj/vr-headset-smartphone.jpg

Image link: https://i.ibb.co/YXFRCnj/vr-headset-smartphone.jpg (https://i.ibb.co/YXFRCnj/vr-headset-smartphone.jpg)

The problem with meta is it doesn't offer new advantages over the conventional internet. As many have noted it more closely resembles the game Second Life than it does anything new.

Internet browsers generally being 2 dimensional applications. People have long theorized 3 dimensional would be the next natural progression. But no one has been able to implement the added 3d functionality in a way to achieve greater content density or an improved user experience.

A better setup may be to combine video conferencing with internet browsing. The basis of facebook was needing to be invited to have an account. That exclusiveness could be extended to internet VR and video conferencing being combined. On an invitation only basis where people would be vetted to some degree to screen a user base where people might expect to find some competent and rational user interaction. There are always plenty of ideas. Ideas are easy. Its implementation, structuring and logistics where things become difficult.

I think it’s a cool concept but right now it’s nothing more than that. It’s futuristic and everything but I don’t see people using it right now. What is the point really.

This is similar to Bitcoin in 2008, at first you would look at Bitcoin and think “why would anyone actually use this” however now look at how Bitcoin has changed and how many people use it. Meta verse will be very similar.

Metaverses have been around longer than bitcoin, there have been multiple approaches and the main thing for it is that they lack a final purpose for it.

Bitcoin had a purpose in the first place, it was a way to make payments without a third party getting involved from anywhere in the world, no such thing really existed at that point and there was actually nothing that would compete with it.
In the case of the metaverse, what is the use? VR? We have VR right now, no need for an extra layer of things when you would simply need to either download the file on your smartphone or watch a direct stream and do the visiting. Interact with others? We have sky and WhatsApp and telegrams, why the f-word would I need to log in to the metaverse to call my wife and ask her to pick some extra groceries? Buy a plot of land? Why the hell would I do that when I could buy a plot of land in the real world!

Do you know why Bitcoin flourished? Because it is quite simple to use it! Why do people use windows? Guess! Why do people use credit and debit cards? Because is convenient, and easy to do, it requires absolutely no effort. Why is TikTok popular? Because you open your camera and do a short movie, upload and that's it, you're an "influencer"! The metaverse...will be a pain in the ass where everything that can be done right now with a tap would require one more action.

If you would need to put a VR set on my head every time you had to order a pizza or pay a bill or send a message to some friends, would you still do it?

As I said, tell me what are you planning to do in this metauniverse?
This (https://www.facebook.com/zuck/posts/pfbid022uxPGcWSEu4yU6zBkJDqQoefLPoUnsDpivTFWbhJA6n5WavZvEdbmVQBnJJEWEa5l)! metauniverse:

https://talkimg.com/images/2023/05/20/blob7c8faae6f9ce1704.png

Nope, Horizon Worlds is not at Ghost in the Shell level of metaverses.

Metaverse still have future but its long long way to go before we can see this fully implemented since there are many factors need to fix yet regarding some serious issues around it. For now we are not ready about it since as I notice many people just use it for just a show no platform yet successfully implement the full implementation of this idea and maybe we find it very hard to extract on real time which to be used by certain individuals. But let see what future could bring towards this and it seems discussions about metaverse has slowly pulling down maybe the interest of people slowdown about it.

This might take ages .. just like the internet.

Everyone underestimated any visioner projects like metaverse .. you know what? Because they cannot see it , they would believe it if only they can feel it by themselves and it takes a really really long way plus the proccess won't be that instant , i myself think that the metaverse could as big as internet along with blockchain technology in it.

The actual use of it is an escape to the reality. There are people that have chosen to stay in the Metaverse rather than to commit their lives outside of it, in the real world.
From what I've read, there are some ways of surviving there and actual lives like you're really going to work inside of it. And I think we're going to that point someday that our virtual lives will have means of living and earning, working and socializing just like what we do in real life.

Facebook is been pushing forward the acceptance of meta into their platform. In fact, they are conducting some seminars in order to extract ideas on how this thing it works. I really appreciate their idea knowing that it is very important for people to clearly know the role of this in this new generation. Though couldn't pinpoint where this metaverse will go, however, I foresee the idea is acceptable to some people. Though not it hits the taste of everyone at least there are some who are willing to enjoy their life with this new technology.

Metaverse is still the future but to make that fully functional, it needs several years in the making. It's not something that you can see success overnight. We are not talking about a simple trend here as Metaverse is really different. There's hype about it but that's all. We can only see a fully Metaverse technology several years from now.

We don't know when though that's why minimize your expectation if you are just driven by the hype of it.

I think Metaverse technology has enormous potential. I don't see this technology as just a cryptocurrency integrated technology. For example, novice soldiers can be trained by performing very difficult military exercises in the Metaverse universe. For example, novice doctors can gain experience by performing very demanding surgeries in the Metaverse universe. I think we can extend these examples and apply them to many areas. That's why I think Metaverse technology is a very important thing, but its full use may take time. Its integrated use with cryptocurrency can be in the entertainment industry. I think such a possibility is more likely...

The meta isnt going anywhere until the basic problems with VR are solved.  Which they haven't been and remain exactly the same as when the last time the VR craze was pushed in the 90s

You cannot convince the unconscious brain that there isn't a screen a inch or two from its eyeballs.   Thus, generating unpleasant side effects for any long term usage.  These problems remain to this day. 

Elon Might solve it with neurolink.  15 years from now.  maybe

I like this answer, coz it is what's most reflective of what Metaverse is being portrayed as nowadays. During the pandemic most people see Metaverse as a viable option for face to face settings in schools, work, and the likes but as everything is slowly returning to the normal pace of things it has lost its old use-case and is now only being showcased as "another world apart from the tangible one" which doesn't really sit well considering how bad VR is shown in media. Just take for example Cyberpunk 2077, Blade Runner, and Black Mirror who are seriously against VR or at least sends a message that is indicative of their refusal to accept such future.

The problem is that metaverse is still game like, and that's not the end goal of it. The idea should be more like VR goggles worn by people going into a world made for meta, and should be as real looking as possible. This is why "ready player one" was talked about so much, and given example, because that is the end goal for it.

If you do not have that then I do not think that you could really expect people to care about it. Look at decentraland, how does it look to you? I could build something like that in 2 months, and for less than 10k dollars. If it's so simple then why should there be many players there? That's the main reason why meta hasn't gone mainstream just yet.

Well, it portrays differently depending on someone that sees the good and bad of it. If one is against on it, we can't change what he thinks about it. But the Metaverse is for sure going to stay there no matter how he/she dislikes it. There have been companies that have invested a lot of money there and we can't also deny that it's going to keep going unless the progress stops but that's most likely not going to happen. Those companies that have invested already can't stop from there and they have one thing in common, and that is to continue what they have started.

The concept of the metaverse does look futuristic and for the time being it may only be entertainment or an effective alternative under certain conditions. But looking at the negative side in the long term, maybe this is the initial process of shifting the role of humans being replaced by robots in all aspects of real life, especially the workspace. We currently see this is actually a social threat, but no one can deny the future and all have to live virtually.

Is Metaverse still a thing? The question sort of presupposed that it used to be. A question I'd ask is, Was Metaverse ever a thing?
It's not like it was something many were highly involved in, and then it died off. It wasn't really properly born yet, and maybe it never will be. So far, I don't think it has big chances of success. Maybe in the far future, in a different world. For now, we have plenty of connections between people via other means, and I don't see Metaverse as an answer. But I guess people couldn't imagine how big Facebook would become either. Maybe Zuckerberg can do it again.

At the beginning when we all hard about the Metaverse, we jumped into it with full force because it was really trending making more investors to go for projects that are attached to the metaverse which really makes it a trendy one. But I can see that some investors had heard enough of the Metaverse and they are now switching to something new or better this time around. I know the metaverse is broad and has so much to give out to the gaming world and lover of at to earn games which is very obvious. We just need to wait for the market to take a positive move so that we can really enjoy the metaverse a lots.

See the price of META in the stock market. It is going down. Even the investors don’t believe in META and quitting their positions… why would other people believe in it? META has no future and everybody knows it but Zuckerberg.

People tried to live in a fantasy land before it is nothing new. It did work for a while but it never lasts forever. People eventually get bored of it and people got bored of meta before even trying it out.

Do you know at this current time your might not know the effectiveness of Metaverse projects/coin, most of us seems to have all futures of it and thinking nothing much could be derived from it, I m well assured that as time goest the hidden parts of it will be unveiled and this might interest you to began to seek your attention, I have also come to understand that to have a solid project it takes time unlike bitcoin. Bitcoin have been for about 14 years so, and you can't just expect everyone to venture in Meta without them knowing about it futuristic benefits.

While it's hard to see what a fully realized version of the metaverse would look like, I think the concept really does offer something that's missing at the moment. Imagine being able to visit a place where you can meet people and attend events regardless of geographic boundaries.

It is difficult to pinpoint the exact reason for the gain or loss of a single cryptocurrency. But overall my general view is, there will be a lot of hype in the crypto world and that could drive up the price. Although I don't see anything wrong with speculation as there are many stories about high-tech dreams that fail to meet consumer expectations realistically.

Maybe the time is not right or the technology is not that advanced for mass adoption. As an example, IoT is considered to be one of the best and ahead-of-time projects. Some things can be said for the metaverse. These projects are some early contributors to the development of the whole concept and they could be the leader of the ground when new companies emerge into the field.

Stocks are no different than crypto right now, all are going down and that doesn't mean the meta has failed, bitcoin's price drop and more investors leaving it doesn't mean bitcoin has failed. In the same way, when Defi first started, a lot of people doubted it would die like ICO, but now it is part of the market and is even becoming an important part of the market. I believe the metaverse is still a future because people's needs are simply increasing, they like new technologies to make life more interesting.
Interpol recently announced that they will also officially join the metaverse: https://www.euronews.com/next/2022/10/20/interpol-sets-up-its-own-metaverse-to-learn-how-to-police-the-virtual-world

We can't underestimate a project that is in the process of development and progression. In my opinion, Mark Zuckerberg will not fund a project for nothing. He still has lots of good plans for it though we can't deny the fact that improvements aren't visible right now but we can't question that because projects that are being developed these days are still having a hard time dealing with this bearish season. Metaverse still deserves to be given a chance to prove its real capability. It's just that everything is in a downtrend nowadays because of different occurrences.

No, I don't believe it's the future, but it will now be part of the crypto industry. That's what happens after a hype.
They stay, although not all eyes are in them anymore. Investors will be looking for a better feature, something fresh, a project that will be make the trend once again so they can make profits out of it in a short-term manner.
Just like ICO, and other old stuffs, they remain but not in the frontlines anymore.

Yeah, as of now, it's actually good to be entertained with it. If you've got a lot of time to be spent there and you may just want to be part of it, you're sure good to be in there. There are companies that do offer some hardware so that you can actually to be in there but it's also like a game or an actual game that's certainly addictive. So, when you've got plenty of it, you'll surely be addicted on it especially when the project you've joined on its Metaverse is allowing you to earn its currency/cryptocurrency which can be exchanged into a real thing.

I watched a clip concerning the development and features soon to be applied on the Metaverse concept.  Other ways it can be applied have proven efficient enough, like in architecture and building plans, in engineering and bridge construction, in an office setting for meetings or group work in a virtual space. It might not have gotten to the desired stage yet, but Mark and other teams of excellent software and hardware designers are working tirelessly to make this metaverse and web 3 concept achieve its futuristic goals.

I think a lot of people still dont understand the features metaverse give. Some people see it as an online game, others as a sort of virtual place to chat. For me the most interesting feature of metaverse, is that you find something online (during that virtual game), test it there and can order it for offline usage. Like you go to store online with out avatar, try on some clothes, check how they look on you and order the one you want. You dont have to go to the shop physically, and skip matching and size failure part. Trick is, there are few shops or markeplaces that offer something like that. And usual-regular online shopping is still dominant on the market.

I think the metaverse will have a place in the future, but right now maybe the metaverse is not known to everyone, only certain people know about it, even though the VR hype already exists but this only applies to certain people, not for everyone.
let's wait until the time the metaverse will be known and understood by all circles

Facebook has wasted too much of its money on these Metaverse craps but it still going nowhere. Most users saw they receive no real benefit over normal Facebook when switching to this Metaverse universe. They knew only Facebook get something out of it: money from advertisers to put ads on the Metaverse place with a huge amount of users hanging around. Of course, Facebook wants to encourage people to use it, paying KOLs to use it and influencing their followers to increase the users count. But as always, your money can't just keep people turning in to use Metaverse when again, no real benefit for the normal users. Unless Facebook changes its approaching, tough luck, they're going to lose more money while their Metaverse craps will keep going nowhere, being a huge money pit.

What you say is exactly what metaverse will bring us, not just virtual games like the projects are doing now. Metaverse projects that we currently have like Sandbox or mana, they are just simple games and don't offer real features and real metaverse experience yet. I believe Mark zuckerberg and Meta are on the right track and they are ahead of their time, just like they did with facebook. Many people still don't know the real benefits of the metaverse so have made disparaging comments but once they become popular, I believe they will regret their doubts.

Thing is that technology seem to steer towards the creation and proliferation of alternate reality that is powered by futuristic technology. And though at first it may sound Blade Runner-esque, which it does, its benefits are there and are especially present during the height of the COVID-19 pandemic. Which led people to believe that it could be the future of technology or at least of crypto, given the fact that it was what is needed and sought for by everyone at the time. Soon as normalization came around and people have become comfortable again with seeing each other elbow to elbow, it just lost its flavor.

Facebook spent a lot of money to develop its Metaverse but didn't realize that the public wasn't ready for it. it's too early to believe that the metaverse will be in demand fast, when people's mindsets grow slowly, society still needs more time to accept the metaverse.
metaverse the first boom when the pandemic occurred at that time many people thought that everything would be safer to do at home but after the pandemic ended people returned to their original habits because it was more comfortable to do face-to-face.

The metaverse is not just the dream of a single person and at some point it will materialize, but it could take longer than expected, something that is very common when it comes to technological developments in which predictions put a date for a particular technology to become really popular and in reality it does not happen until decades later, as such it is entirely possible that something similar happens to the metaverse and it takes a lot longer to be implemented successfully.

although current technological advances have not been able to realize the Metaverse perfectly. or it can be said that today's technology has not been able to make it happen optimally for now. so not many people are interested in it. but I still think that Metaverse will have good potential in the future. although it has received a lot of criticism for the time being. but if this project is really successful then I think it will be a popular and widely used project. but to be honest using the device on my head would still feel uncomfortable. I was expecting a more comfortable device to use. and I think the metaverse will definitely be popular in its time in the future. but not now.

With the development of technology and the more digitally oriented people metaverse will probably find its place in the future, but I think we are still a decade (or more) from some working product that will be really interesting, that can offer more than what we have now.
For now, I see metaverse as some hype. And we all know that story, there are zillion projects around, and big words are coming from all of them, they are trying to take advantage of the hype to make some profit... but we all know that most of them will not survive the first months!

This is a weird question, projects may come and go but what we are forgetting about is that you could only end up with these ideas and they will stay. Like is ICO still a thing? Is NFT still a thing, is Defi a thing? I mean these are just names of the systems that we deal with, and they are always a thing, it's all about projects.

Look at 2021, we had one million DeFi projects, most of them are gone, but uniswap and pancakeswap are still going strong and I believe that they will stay strong for a while longer for sure. I personally believe that we shouldn't be shocked if we end up with something in the metaverse all over again as well, it's quite possible.

You have used correct words "simple games". Many people are used to AAA games, futuristic possibilities, or have high demands or expectations. And what they get in most cases ? Pixel graphics, limited use cases, demos. They have thousand of similar in pixeled indie games. Gaming industry is far to developed that metaverse. By the time metaverse will be on current AAA games level or offer something extraordinary, regular gaming experience will completely switch to VR.

At present many metaverse projects that continue to bring unique concepts, I'm sure Metaverse will explode in 2 or 3 years so that it will make the market very busy, the best thing now is to continue to invest in projects that have great potential to skyrocket.

I would accept your argument if Metaverse became as big as these aforementioned system solutions. You said it yourself, there are a million DeFi projects that came and went during its height. Metaverse on the other hand reached a certain height among people's ears, then it just died off. And even if you argue that there would be opportunities in the future where Metaverse would be needed, which I still believe so, just take for example the use of QR codes, the current stature Metaverse faces is just too concerning to not rile up a discussion.

With how things are faring today, Metaverse wouldn't be the future we sure hoped it to be unlike last year. Numerous factors caused this decline in people's interest over the previously heavily anticipated addition to the internet of things. One major reason is the fact that as we transition to the new normal, we lost interest in keeping in touch on a virtual world when we could just meet eye to eye in person which is way better than seeing a goofy-ass avatar of your partner from a computer screen or an oculus drive.

Unfortunately when Metaverse first appeared, the red market was almost a year and a hard struggle to be able to convince investors, but it was worth our appreciation that some metaverse projects managed to reach the hardcap by winning hundreds of millions of dollars and this is a sign that Metaverse will develop.

The scam will always appear and take advantage of any moment, and now the first position is meme coins, initially looks good and promising but becomes a scam, and in my opinion this is common, when metaverse often becomes trending it will be used scammers to deceive investors .

Since 2000, there has been a trend to create virtual reality.  It is no coincidence that at the beginning of the new millennium the film "The Matrix" was filmed. 

Since 2000, people have been actively using the Internet.  The virtual space has become the new frontier for people.  With the massive advent of smartphones, the Internet has become even more accessible.  The creation of a metaverse is a logical step towards the development of virtual reality. 

However, we are currently seeing a slowdown in the process of creating a full-fledged Metaverse. 

Why is this happening?  There can be many reasons. 

After the covid-19 coronavirus pandemic, people are tired of virtual reality.  In addition, to create a full-fledged virtual reality, new devices are needed that have not yet been invented. 

This is why the creation of the Metaverse has now slowed down.

Metaverse is not a still thing like that, just like how ICO is not, sure ICO was a big deal back in the day but how many projects really do it nowadays? Not many of them do. Meta will become a thing again in the future if Facebook really does manage to make one that is realistic, but aside from that I do not think that it would be real.

Even something that would work with VR, and give you a semi decent look on where you are, could make it better, like you log in, and you work there like it’s your business. But in reality, we all know that it’s not going to be a high end thing for now, that is why we gave up, and even the biggest names of metaverse are not getting attention these days.

Meta is still in the early stage of its developments. Right now, we can't tell if they will succeed or not.
But as technology is getting sophisticated, the demand may always be there.
But to what extent? That is for us to see in the near future. Because if metaverse will not get the hype,
another hype will arise. It depends on the market sentiments and how the consumers will react to this new technology.

Metaverse devices such as VR glasses are already on the market, but they are not really popular because of their high cost and are not widely used. Besides, metaverse is a very new concept that has not been deeply exploited, at the moment I only see Meta as the only company that is pushing to focus on this field, so there will be problems that need time to be resolved. Crypto projects like Mana or Sandbox are not really metaverse yet, as they only offer a few features of the metaverse. Their goal as well as other projects are to pump tokens and dump for profit, so it is impossible to look at these two projects to evaluate the entire metaverse field. They do not represent the metaverse.

Most of the projects that are into Meta have already gone into hype. Many of them succeeded but after the noise, they're no longer experiencing the same success.

The future is unknown for them but we know that something like this might be considered by most of us in the near future. But, there could be a different type of it.

Not all can afford to acquire these gadgets but I see the interest from the community in this.
Well, the development is continuing and I see how the meta is driving their technology to hit the market demand. But of course, it was not easy to please the people knowing how expensive it was. If we think this is really a thing, I still don't think so. Still, there is a need for them to consider the current situation that we are facing the economic recession and inflations which it makes hard to see people adopting this technology. 

Its true that gadgets arent that cheap for you to buy specially when you are just on that poor category but for those who are in mid or rich then its still undecided if they would really be engaging with metaverse.
Currently we are on a bear market which it would really be that hard to make out some investment decisions considering that everything is going down plus current trends arent that something that you could
really assure if they would really be getting demands and interest.You cant really push up the investors on investing on a bear market no matter how interesting the project or trend would be ,
it would all boils down on the confidence been made.

Metaverse still continues. but the trend following it has been declining. I even read news that Meta's market cap has fallen below $350 million. but in the previous year it seemed to have continued to rise and even reached $1 trillion dollars. I think this has to do with the current global economic conditions. because everyone today is more busy preparing their provisions for the upcoming recession and almost everyone for now is trying more to live frugally and cut various unnecessary needs.

and I just re-read the news regarding the Metaverse which has been losing more and more this year. if you are interested in reading news related to the Metaverse. please go to this link (Meta’s metaverse losses top $9.4 billion for the year (https://www.theblock.co/post/180126/metas-metaverse-losses-top-9-4-billion-for-the-year?utm_source=cryptopanic&utm_medium=rss))

If we only evaluate the metaverse in the crypto market, they are having a lot of trouble developing because we are in a bear market. But metaverse is being developed outside of crypto, some traditional companies are also starting to invest in this new technology, in addition to facebook, other technology companies like Microsoft, Epic Games, Google have also invested in this field. Or most recently, interpol is also planning to build an office on the metaverse to manage internet crime. Metaverse is becoming part of the internet and not just games made like the Decentraland project that OP mentioned.
https://academy.binance.com/en/articles/global-companies-building-up-the-metaverse

Metaverse is still early, and it is difficult to say whether to have a place or not, at least we wait for 3 years to see whether Metaverse can be successful, if later it fails then I will not be too dizzy because of course there are many things we can do for profit from cryptocurrencies.

Well I think we are only beginning to see Metaverse and the future will be very big for it.  It is still a thing and a thing we will all be excited to look forward to.
I will open a new source of revenue streams for many companies who are looking to create a business in the Metaverse which will be very normal in the future.
I am really looking into what the future of the Metaverse has to offer with different new technology like virtual reality and computer generated simulations.

Maybe, for now, Metaverse still looks stuck in place because the team is still in the development stage to make Metaverse even better, and it still needs a fair amount of time to see if it can be as desired. Maybe 3 years or less or even more to see if Metaverse can be what they want, especially if we look at the initial appearance and the tools used by Metaverse are still expensive. Maybe only people who have money can try to use it while others are still waiting.

And we need to wait that long in order to assess the potential of this new technology, therefore to say that it was too early to think if this will succeed (or not). I hope the team will reach the final stage of their development and make see the benefits from this. I'm not talking about profit alone but I was referring to how this meta could help the community. Because if that will be the result, too much confidence that this will gain more investors and users.

People take advantage of those kinds of hypes and it’s our duty to figure out which one is really working on it and which one is not. I always believed the top ones were the real ones that scam people but do not look like scammers, that’s the saddest thing.

Look at decentraland, anyone who has ever used it would tell you that it’s a horrible subpar project that shouldn't have been at the top, but it was and the project creators earned so so so so much money from it, whereas it shouldn't even be used by a single person since it was a simple project. I could have done it in 1 month, and people were attracted to it just because of the hype it had. Metaverse needs to shed itself from all those terrible projects if it was to become good again.

While true I think the main difference is that at least in the case of the metaverse we have really big players trying to make this a reality, so even if metaverse coins will keep being released at the same time they are never going to be anywhere near close to what companies like Meta can offer, so while NFTs and DeFi will keep evolving and improving I think there is a high possibility that metaverse projects will stop attracting the attention of the community.

Metaverse is just a hype project who will last long for around 1-2 months just like DEFI, NFT, P2E etc. What's Metaverse? it's just a 3D model where we can customize a character to represent us and then we can meet each other in a digital world, right? Then what's the difference with Virtual Reality that has been invented since long time ago, VR is completely same like Metaverse. This mean Metaverse is a copycat of Virtual Reality, scam.

Metaverse does not have a universally accepted meaning, it is simply a composite of forms that almost resemble the original characters, as practiced in the NFT project. Metaverse is still there for now, it's just that its development is not as booming as when NFT exploded, you could say this concept only represents temporary hype, then it will run and develop just like that.
So it's not surprising whether Metaverse survives or not, but to be honest they've been booming in their NFT projects.

Yes, that's true because this new technology may still have hidden potential so we think this is the final form of the Metaverse. And if the team can work hard to turn it into a worthy project to be an investment, I think it will be able to attract investors so that they can have another chance to make a profit. For now, we can only see how far the team has worked and their next plans because each project must have plans to achieve in the future.

Despite using metaverse projects altcoin for speculation and playing casual games, are you really using or taking any benefits from metaverse?

Maybe I am narrow minded, but I see metaverse only as a constructor for casual games. Casual games for young generation (kids below 10 years). From my point of view, Metaverse (or Roblox as a better example) is alive only with help of YouTube. Gaming trends changes quickly; kids grow up. So there is a big question, will there be demand for Metaverse next year or in a year ?

The most recent and hopeful development of Metaverse I've seen was the integration of AR by China. Here's the link for the discussion about it (or you can open the articles posted by OP there).

https://bitcointalk.org/index.php?topic=5403179 (https://bitcointalk.org/index.php?topic=5403179)

Haven't exactly been following it, but other than this the only one I know was the project Zuckerberg has still been pushing development even though it's, well, pretty dead at this point. I'm more hopeful with the AR development one instead of the VR ones so far (or any online game type-ish, nothing beats Minecraft anw).

Having a hard working team is not really the resolution we will get from metaverse. What we need to realize is that "gaming" plays a huge part in this, meaning game companies of the world are the ones that improve the graphics most of the time, sure there are some designers out of that field who may but it's rare. Which means, all the games you see are the ones that could make the metaverse better or worse, and they are our limit.

Right now, the best looking graphics even on next gen consoles are not enough to say that we are ready for 100% metaverse. On top of that we would need to build a whole world with it, not just a story that people follow. So, it's not going to be that easy at all.

What you say is true because so far, having the latest technology can provide a new experience that has never existed. This triggers the designers to compete to make something different from before so that it will also make people curious to try it. Today's games have reached a different level from the previous generation, especially using the latest technology. It also provides a different gaming experience.

What needs to be done now is to build infrastructure that can support metaverse technology to run well. And yes, it's not easy because it takes a lot of money and resources to have something new for us.

What we have to remind ourselves in our deepest thoughts is the undying fact that humanity has an urge to develop, develop in every sense. This could be personal development, it could be nation wide, it could be in media or books or tools or even in this case games as well. We cannot just accept the world as what it is, and only dream of what it could be, in fact it is so much so that there are so many people living today but living the future in their minds at all times and try to turn that into reality.

Metaverse is one of these development future plans, it's not a reality now, what we call metaverse right now is a child's play in the sand, the real one will come in the future when all those people who live in the future in their minds manage to turn that future into present, and we will enjoy it very much.

And that is the problem with the metaverse, amazing graphic can already be achieved with the latest technology, however the scope of those games is very limited, even in some of the online games in which you can play with millions of players online you need to pay a monthly subscription for the service, can Meta really produce a metaverse with amazing graphics, endless content and things to do while at the same time remain free for everyone? Because that sounds like something incredibly difficult to do.

Metaverse is still a new thing even though we hear since 2 or 3 years ago, now some Metaverse projects have expressed success in winning hardcaps when ICO and this is a sign that Metaverse projects immediately fly, but we must be vigilant and not too easy for investment in the Metaverse project.