The Metaverse bubble has burst! Sandbox and Meta have not yet gained momentum because…

Cheung To and Gabriel discuss the concept of Metaverse and its recent decline following what is perceived as a financial bubble. They argue that the term itself may have become outdated and that its potential is being constrained by a narrow focus on buying and selling virtual land. The speakers stress the need for practical steps towards a decentralized virtual world that emphasizes social interaction, gameplay, and digital assets. Additionally, they discuss the challenges facing those who want to enter the virtual world industry given the lack of talent and industry know-how, as well as the perception of metaverse as a buzzword with no real-world relevance. However, they also highlight the potential business opportunities that it offers and urge viewers to stay tuned for more content.