The future of the Metaverse seems uncertain. According to Google Trends, interest in Metaverse hit an all-time high in January. Interest in the term plummeted in the second quarter of this year and has stagnated ever since.

With so many billions of dollars in this industry, BeInCrypto asks where this industry is headed and where we are after a year of market drama and Metaverse hype.

The term “Metaverse” first appeared in the 1992 novel “Snow Crash” by Neal Stephenson. Initially, it was a science fiction term to describe a virtual reality where users would escape the dystopian world outside. Since then, the term has passed from fiction to fact.

However, recent reports on the adoption of the Metaverse have been mixed. A CoinDesk article, using data from DappRadar, reported…