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# Why Did the Metaverse Disappear?
A $5.8 Billion "Large-Scale Performance Art"
How Much Did Zuckerberg's Meta Burn Through for the Metaverse? $5.8 billion.
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Lin Jun Jie. In 2021, he spent $123,000 to purchase three virtual properties, at the time feeling like he was a "real estate tycoon of the digital age." In 2023, those three plots were worth $10,000. A 91% loss.
The boom and bust of the metaverse is actually a microcosm of the tech industry: when a concept is over-packaged, expectations far exceed reality, and capital floods in recklessly, the bubble bursting is only a matter of time. The lesson it leaves behind is quite simple: no matter how cool a concept is, if it can't solve one fundamental question—"why should users use this?"—then it's destined to be nothing more than a fleeting phenomenon.