As it turns out, it’s not that hard to explain the metaverse, but people may not be ready for it yet. According to data from research firm NDP Group that was shared with CNBC, sales of virtual reality headsets have been strikingly down year-over-year.

While a 2% decline in sales might not sound too dire, it marks a serious problem for companies that have invested heavily in the world of VR, like Meta (formerly Facebook). As CNBC notes, overall VR headset sales for the entirety of 2022 ($1.1 billion) are roughly equal to what Facebook’s ad business generates. each three days.

Additionally, analyst firm CCS Insight suggests…