December 22, 2024

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Where Does the Metaverse Stand Following The 2022 Bear Market

Metaverse and NFT Hype Cycle Is Over: What to Expect in 2023?

The way forward for the Metaverse appears to be like unsure. In keeping with Google Tendencies, curiosity within the Metaverse hit an all-time excessive in January. Curiosity within the time period crashed within the second quarter of this yr and has plateaued since.

With so many billions of {dollars} on this business, BeInCrypto asks the place this business goes, and the place we’re after a yr of market drama and Metaverse hype.

The time period “Metaverse” first appeared within the 1992 novel “Snow Crash” by Neal Stephenson. Initially, it was a science fiction time period to explain a digital actuality the place customers would escape from the dystopian world outdoors. Since then, the time period has moved from fiction to truth.

Nonetheless, current reviews of Metaverse adoption have been combined. An article by CoinDesk – utilizing knowledge from DappRadar – reported that there have been solely 38 “active users” on

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