Exploring the Future Trajectory of Metaverse Technology Amid Economic Uncertainty
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The metaverse, a virtual realm that blends the digital and physical worlds, has been a topic of growing interest in recent years. However, data from DappRadar reveals a notable shift in investment patterns. In the first half of 2023, investments in the metaverse accounted for just 10% of the figures recorded during the corresponding period of the previous year. This begs the question: What lies ahead for metaverse technology?
Andrey Goilov, an analyst at RoboForex, sheds light on the current market dynamics surrounding metaverse investments. He highlights that the surge in interest in metaverses occurred during a relatively calm period in the economy. However, with the global economy facing the threat of a recession, investors are understandably focused on mitigating risks and ensuring the stability of their portfolios. The uncertainty surrounding the recession has made it challenging for investors to divert their attention and capital towards intangible assets such as metaverses.
FXMAG.COM:
Data from DappRadar shows that in the first half of 2023, investments in the metaverse barely accounted for 10% of those in the corresponding half of the previous year. What's next for metaverse technology?
Andrey Goilov, analyst at RoboForex:
A surge in interest in the development of metaverses happened during a relatively calm period in the economy. This year, investors are fully focused on the recession and its probabilities. It is difficult to invest in something that you cannot touch when your normal world is on the verge of serious trouble.
At the same time, an inflow of money to metaverses remains, though not as lavish as previously. Market participants think that as soon as the situation stabilises, the demand will return.
The future of metaverses fully depends on how the US and European economies will beat the threat of a recession. If the economic slump lasts for six to twelve more months, the interest of market players might increase.
