Microsoft shuts down its MetaVerse team
The company announced that it will dissolve the MetaVerse section, following in the footsteps of the company that owns Facebook
Microsoft announced the closure of its metaverse team, after Meta, the parent company of the virtual reality platform and owner of Facebook, did the same.
This Microsoft team has been working on virtual and augmented reality solutions for the enterprise, and their success appears to have been limited.
The company’s team was working on solutions that allow users to interact in a virtual environment in real time, using technologies such as virtual and augmented reality. However, it seems that these efforts have not been enough to keep the team afloat.
Although Microsoft has not given many details, it is known that the decision was made due to the lack of market demand for these virtual and augmented reality solutions. In a press release, the company founded by Bill Gates assured that it is “re-evaluating” its investments in the virtual space.
The MetaVerse shutdown is a blow to the augmented and virtual reality space, which has been steadily growing in recent years. Many companies, including Facebook, have been investing in developing solutions of this type, hoping to capitalize on the growing demand for these technologies.
(Reference image source: Unsplash)
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