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Meta lost $46.5 Billion to virtual worlds according to Fortune.
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Sales forecast for Meta Quest 3 devices declined from 7 Million to 2.5 Million.
Meta Platforms (formerly Facebook) is still betting on the metaverse despite the fading interest in the technology. Nicola Mendelsohn, the company’s head of global business, said while speaking at the World Economic Forum (WEF), that it may take a “good decade” to fully realize Meta’s vision. The organizations rebranded in 2021 to shift their focus on virtual worlds.
The Next Computing Platform
“There was a lot of [metaverse] hype a couple of years ago, and we were always playing cautious here, telling people we still see that this is going to take a good decade to get to that full realized vision, and so we still see that we’re on that journey,” Mendelsohn said.
Although there is no official definition of the metaverse, she explained the concept during the event. According to Nicola, “Metav
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