The virtual reality (VR) industry is facing uncertainty after reports suggested that Meta may cut its budget by up to 30 percent and delay future headset releases. This news sparked concerns among pundits, who declared the metaverse and VR dead. However, some experts argue that the terms are often misused, and the true focus of Meta’s efforts lies in social VR platform Horizon Worlds, which has struggled to gain traction.
Insiders were not surprised by the potential cuts, but the severity and implications for the future of the medium have raised concerns. The VR gaming market also faces real issues, including the emergence of new technologies like 6G and AI-powered innovations.
Source: https://www.theverge.com/column/842359/vr-teens-gaming