The metaverse has seen significant hype over the last few years, enthralling the minds of enthusiasts and investors alike. From virtual reality (VR) to augmented reality (AR), the metaverse offers it all. However, the hype has fallen short after only three years, with the metaverse failing to retain the attention of the business world.
Defined as a collectively shared virtual space where users can interact, socialize and engage in various activities, the metaverse captured the imagination of technology enthusiasts, investors and futurists alike. Amid the hype and excitement surrounding the metaverse, financial investments have been substantial, with tech giants like Disney and Meta (formerly known as Facebook) investing heavily to dominate the space.
