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Metaverse struggles to achieve mass adoption as funding continues to drop

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Metaverse struggles to achieve mass adoption as funding continues to drop

Source: news.google.com

The Sims may be one of the best-selling video game franchises of all time, but companies are struggling to make that digital world a reality.

Funding has been steadily declining over the past year for the metaverse as it has struggled to achieve mass adoption across a broad user base. This trend has both potential users and investors wondering if this digital world will ever be the version we hoped it would be.

However, some AAA deals still show promise with companies like LootMogul, Scandit and others still securing multi-million dollar deals despite falling funding.

Mouaadh ‘Miso’ Bellaour, 3D artist and CEO of Monoware Studios, believes that we will need a cultural shift towards a digital world before mass adoption can really take off.

“In order…

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