Mark Z. officially confirmed the death of the Metaverse. Fired the full team. Closed the project. A failure of 70 bil. USD.
We all knew that it wouldn't work.
I said it wouldn't work, from before testing the VR headset.
I confirmed that it doesn't work after buying and testing the VR kit.
E.g https://blog.stefanmorcov.com/2023/03/the-metaverse-is-dead.html
The technology is not there yet. VR quality and feeling is low, like a smartphone from 2002. Low resolution and image quality. No solution for a keyboard or mouse. No integration with desktop or mobile.
No business use case or benefit.
No serious advantage over using a phone or computer, and paying in Eur/ USD.
Which led to a shocking lack of content: no business applications, no 3D movies (!!), few and poor 3D games.
A friend gave me the best illustration of the uselessness of the technology. He was using the VR headset for (1) playing ping-pong with his brother - who lives next door, and (2) watching movies with his girlfriend - in the same room.
I strongly believe in the future of VR. But we need another Steve Jobs to revolutionize the technology and concept.
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