(Photo: JESHOOTS/Unsplash)Given the recent prevalence of metaverse talk, one would think that the new online space has a long and healthy road ahead of it. According to one analyst, this might not be the case. Matthew Ball, chief analyst at tech market research firm Canalys, recently shared that he believes most metaverse projects will be shut down within the next two years.

Ball shared his thought process at Canalys’ Channels Forum 2022 in Barcelona, ​​according to a new report from The Register. Addressing whether the metaverse could be considered “the next digital frontier” or “an overhyped money pit,” Ball said that the intricate Meta project, and all of its somewhat unfortunate drawbacks, can be considered a…