No Money in the Metaverse Yet

Speaking of overhyped, no company will make a profit from hardware and software in the metaverse within the next four years, said Canalys. In fact, most projects will be closed down by 2025.

“Is the metaverse the next digital frontier or is it an overhyped money pit?” asked Canalys’ Matthew Ball. “Tens of billions of dollars have already been invested. Costs and delays to Meta’s own progress is a barometer. We’re in a cost-of-living crisis. People are struggling in the real world, let alone in the virtual world.

“From a B2B, mass market point of view, we don’t envision meeting with clients within the metaverse time frame.”