The metaverse was a concept that garnered a lot of attention and investment in the tech industry, but it seems to have fizzled out. A tech columnist believes that the reason for the hype surrounding the metaverse is rooted in the COVID-19 pandemic.
With remote work becoming a necessity, tech executives became increasingly uncomfortable with employees working from home, which led them to search for an alternative solution. The metaverse promised to solve this issue, but it was an unfulfilling and empty fantasy that failed to provide anything of value to anyone besides executives.
Furthermore, the rise of artificial intelligence (AI) has overshadowed the metaverse, as it offers a more tangible and significant future for the tech industry. However, the real reason that the metaverse failed was that workers began returning to physical offices, and remote work became less of a necessity.
The dream of the metaverse has faded away, and it seems that it was nothing more than a temporary distraction for executives seeking a way to monitor their employees’ productivity. The pandemic may have given rise to the idea, but ultimately, the return to physical offices killed it. The focus has now shifted to AI, which offers more potential for substantial growth and development.