On October 17, STAR Market Daily learned from ByteDance insiders that, in order to cut costs and increase efficiency, it had cut the project team for the social metaverse app Party Island, and that the relevant staff had returned to their original equipment.

Party Island was launched in mid-July this year and is positioned as an online social platform. The app’s motto is “On Party Island, no one is an isolated island.” It is a community of online activity in real time, in which players can chat and interact through virtual images, and is considered by the industry as the first step for ByteDance to enter the field of metaverse.

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During previous alpha tests, new users were required to obtain an invite code to enter the app. Later, users…