Many companies followed suit, announcing their foray into the metaverse with sky-high real estate prices in the digital world. However, as 2022 progressed, interest in the metaverse began to wane.

What has Meta been up to?

interesting engineering has previously reported that Meta spent billions in 2022 building its version of the metaverse and plans to spend even more in 2023. However, what the company has shown so far looks pretty mediocre.

Cox, however, said the company had spent the last eight years trying to build a VR product that was “affordable, accessible and awesome.” The company has introduced VR headsets that have seen decent sales so far.

Cox added that Meta hoped users would embed their products on “social…