Companies Are Spending Billions On Metaverse That Makes No Sense

Companies Are Spending Billions On Metaverse That Makes No Sense

Over the last two years, the metaverse has attracted the attention of wealthy businessmen and naive pundits. There is only one problem: the hype is all bullshit.

When the corporation formerly known as Facebook changed its name to Meta Platforms, metaverse enthusiasm reached a fever pitch. But it’s still unclear what “metaverse” means to companies like Meta; some propose a kind of digital paradise, like OASIS in Ready Player One, without asking whether consumers want it.

Others, such as Mark Zuckerberg, see a virtual reality version of our everyday lives, where everything from shopping to work get-togethers takes place. To put it another way, it’s a nightmare.
Maybe that’s part of the appeal. It’s difficult to fail if you keep it ambiguous enough.

 

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