Metaverse has hit a snag

Leading technology companies such as Meta, Microsoft and Apple have reduced their focus on the R&D behind the virtual world

Mar 15, 2023

Despite substantial investment, the metaverse still faces technical challenges such as latency, infrastructure and content creation. Moreover, the return on investment remains to be determined, as the metaverse is still largely an untested market.

Key takeaways

  • Despite these obstacles, many experts say the metaverse is still alive and will continue to evolve;
  • Industrial and consumer product companies are among the types of organizations placing sizable bets - and, in some cases, already reaping the rewards;
  • Metaverse implementations have not been as compelling in areas outside gaming, and that the technology’s timing might not be right.

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