Suddenly the metaverse It’s in the spirit of the times, for better or worse. Investment more than doubled in 2022 driven by moves big (such as Microsoft’s $69 billion acquisition of Activision Blizzard, now under antitrust review) and small (about $12 billion to $14 billion of capital). venture capital and private equity investment). Everyone has heard of the successes racked up by some big game companies: Roblox reported more than 58 million daily active users in 2022, while Fortnite had more than 20 million in 2020 and generated more than $9 billion in sales between 2018 and 2019. And others are investing; Meta continues to spend at least $10 billion a year developing the metaverse. However, investors are asking metaverse companies questions about when they can expect tangible things in the near term…