One day, perhaps, we will spurn the two-dimensional screens that now dominate our attention in favor of the more immersive world of the metaverse.
At present, however, that isn’t happening en masse. And as Meta’s staggering share price plunge on the heels of its pricey metaverse investments demonstrates, there’s lots of money to be lost in pursuit of that futuristic vision.
Venture investors appear to be growing increasingly sensitive regarding those risks. That, at least, is one easy explanation for why funding to companies in the VR, augmented reality and virtual worlds categories has been dropping quarter over quarter since their peak in late 2021.Crunch Base