Is Metaverse still a thing

[TimeTeller]

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.

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.

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[Marvell1]

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?

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 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.

[boyptc]

Meta is still in the early stage of its developments. Right now, we can't tell if they will succeed or not.

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.

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.

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.

[Natalim]

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.

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. 

[Mahanton]

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.

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.

[Ahli38]

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)

[laurenB7742]

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

[Mario Yamasaki]

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.

[mich]

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.

[maydna]

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.

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.

[Hypnosis00]

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.

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.

[RealMalatesta]

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?

Well I'm not a fan of Metaverse but some people take the opportunity from the hype to make some money from the investor, I saw a lot of Metaverse Projects end up being scams because from what I  see they only develop a game and even more it's a simple game, not something related to the metaverse. I'm not bearish about metaverse just looking for more projects that really serious about Metaverse tho.

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.

[Silberman]

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.

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.

[Plaguedeath]

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.

[Fara Chan]

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.

[maydna]

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.

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.

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.

[bakasabo]

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 ?

[Wexnident]

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

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).

[tygeade]

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.

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.

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.

[maydna]

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.

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.

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.