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“The metaverse hype is dead,” according to Meta’s VP of metaverse.
During the Fortune Brainstorm Tech event on Tuesday, Meta exec Vishal Shah said the metaverse’s “hype cycle” has come and gone — but he doesn’t believe that’s a bad thing:
We didn’t invest for the hype, we have been investing in the space for years... I’m actually pretty happy that there was both a hype and a trough of disillusionment last year, it was tough to live through that, of course, ourselves. But now we have our heads down and built, because that’s what it takes to build something difficult to iterate and do it.
Meta exec: "metaverse hype is dead"
[Fortune]
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