Part 2/5:
Initially, excitement surrounding the Metaverse grew as companies began purchasing virtual spaces and investing heavily in its potential. This enthusiasm, however, faced an unexpected backlash. Meta, which once viewed the Metaverse as a crucial part of its business strategy, has begun retracting investments and scaling back its ambitions in this sector. This sudden shift raises intriguing questions about the underlying business model of the Metaverse and whether it can effectively engage and retain its user base.