Despite all the buzz created online, not every country is ready to enter the metaverse.

The metaverse is defined as the convergence of physical, augmented, and virtual reality in a shared online space. This environment allows humans to interact socially and economically as avatars in cyberspace, which acts as a kind of metaphor for the real world, breaking down its physical or economic barriers. This is why many see the metaverse as the future of the Internet.

Metaverse venture capitalists appear to be becoming more sensitive and cautious about the risks that come with pursuing the futuristic vision of a higher level of mass industry adoption. This could be one of the main reasons why there is a sharp quarterly decline in terms of funding directed at…