Disney And Microsoft Shutting Down Metaverse Projects

Slow user adoption, driven in part by expensive hardware requirements and glitchy technology, as well as deteriorating economic conditions, has forced Disney and Microsoft to shut down their Metaverse projects.

The metaverse, the virtual world that was the hot thing in tech less than two years ago, is facing a harsher reality.

Walt Disney Co. has shut down the division that was developing its metaverse strategies, The Wall Street Journal reported this week. Microsoft Corp. recently s...

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