I’ve been reading recent reviews of the company’s new Vision Pro headset and operating system-I recommend those by Mark Gurman and Om Malik-and came away slightly less skeptical. A recent report claims that even Meta’s own employees don’t want to use the technology-including many of those in the VR unit. Even at Meta, where Facebook creator Mark Zuckerberg blew billions to drag people into virtual reality, the project is a bust. There are plenty of other metaverse options that aren’t based around crypto, but things don’t seem to be going any better there either. Walking around a buggy digital world populated mostly by token flippers is at the very bottom of my list. There are thousands of other, more interesting things to do online, not to mention real-world activities like going to a restaurant or for a walk outside. But when it comes to the metaverse, including crypto-based projects Decentraland and the Sandbox, I see only failure.Ī Fortune colleague checked in on Decentraland this week and found fewer than 500 people there-you can see for yourself from the company’s own dashboard. I try to stay optimistic about crypto, and for the most part, I genuinely am-I have no doubt Bitcoin is here to stay as a global currency, and it feels like stablecoins, NFTs, and DeFi are only going to grow in popularity.
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