Meta is shutting down VR social platform Horizon Worlds
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The keynote featured a bonkers video of Zuckerberg jumping between various CGI-rendered depictions of the metaverse in virtual reality. He visited a spaceship where the company’s executives were playing poker, toured a tropical mansion with a floating fireplace and met CTO Andrew Bosworth’s Pixar-esque alien pet Oppy.
Turns out Zuck's Metaverse really didn't have legs.
In less than two days, Meta has changed its mind on the Metaverse. The company has confirmed that it will not be shutting down its metaverse platform, Horizon Worlds for VR headsets. The announcement comes after Meta received feedback from users.
The Open Metaverse Alliance for Web3 announced a project to build standards to enable people to travel through the metaverse. OMA3, an association based in Zug, Switzerland, announced the Inter-World Portaling System (IWPS) project and published the IWPS ...
Mark Zuckerberg and Meta are scaling back their metaverse ambitions after accumulating over $80 billion in losses
Meta’s “metaverse” has become the tech equivalent of Schrödinger’s Cat. It exists in a superposition of both life and death. Meta knows it can’t fully abandon VR, even if the hype surrounding the metaverse and its Horizon Worlds virtual environment has withered to a shallow husk of its initial promise.
The metaverse may not be as exciting as it once was, but don’t write it off just yet. After all, the metaverse still offers massive opportunities, especially in some of the best metaverse stocks to buy now. In fact, thanks to generative AI, the metaverse ...