This topic had to be touched on, because with just a simple search on the Internet and the most relevant news, we realize that the topic of the Metaverse and NFTs have ceased to be a trendno one talks about them anymore and they have been kept in a drawer due to the great influence of artificial intelligence and tools like ChatGPT.
And it is that, no wonder, any topic related to new technologies will be in the background if we compare it with the new Google Bard, the Bing bugs or the boom that ChatGPT, OpenAI and the artificial intelligence in general.
The great and feared theme of the Metaverse and NFTs They had their big boom in 2021, but little by little they disappeared from the front page in 2022 and now hardly anyone talks about them anymore.
If we take a look at Google, in 2022, global search rates suggest that interest in the metaverse and NFT had decreased significantly. Google Trends shows that since January 2022 the search volume for the keyword “Metaverse” has been steadily declining.
NFT statistics show that the number of searches for this concept has also decreased. While in September 2021 the number of searches could exceed 5 million per month, in March 2022 this number does not even reach 1 million per day (except for an outbreak on March 7).
Well it is true that NFTs have been seen hopelessly dragged down by the great fall that the crypto world has experienced during 2022 and beginning of the year. NFT sales brought in just over $1 billion, according to crypto research firm Chainalysis, its worst data since its inception.
“This decline is definitely related to the broader slowdown in the crypto markets,” said Ethan McMahon, economist at Chainalysis.
Besides, NFTs have always been seen as something for freaks even when Mark Zuckerberg came out and said that Facebook was changing its name to Meta. Nike, Adidas or Coca-Cola have been getting on the Non Fungible Tokens bandwagon but that is as far as their investment has come.
At its peak, the NFT market was attracting all kinds of celebrities, including $2.9 million for a sample of Twitter co-founder Jack Dorsey’s first tweet or that digital collage by artist Beeple that sold for $69 million. Dollars.
And it is that faith in the world of cryptocurrencies has been declining little by little and that is something that has also been noticed at the media level, although they continue to prevail as a concept if we compare them with the Metaverse or the aforementioned NFTs.
Why doesn’t anyone care about NFTs and the Metaverse anymore?
In other words: the interest of Internetin general, has already deviated in relation to NFT and the Metaverso and apparently things are not going so well anymore when it comes to attracting new people to the topic.
One of the big reasons in relation to the Metaverse could be that is in its early stages of development and that’s why most people seem tired of trying to understand how it works.
A clear example of this change in trajectory can be seen at Microsoft. Satya Nadella’s company announced the layoff of 10,000 employees and many of them worked in mixed reality. He fired the Windows Mixed Realty Tools team entirely, and shut down AltSpaceVR, his virtual reality metaverse.
On the other hand, we recently announced how Microsoft has already invested more than 10,000 million dollars to integrate all the functionalities and benefits of AI into its products, developed by OpenAI.
Nor can we be hypocritical and say that both issues have disappeared because it really is not. There are still many interested sectors (especially in the Metaverse)but it is quite possible that the vast majority have not seen this type of asset or even social interaction platform as an environment to invest or even have fun or work.
To be honest, if you don’t ultimately manage to capture the broad audience as ChatGPT or the continuous advances in the world of artificial intelligence have, little can be done in the long run. In the end, everything is summed up in a single concept: marketing and OpenAI, Google and Microsoft know very well how to handle it.
Of course there is still a long way to go and surely the Metaverse will return to its old ways if companies like Meta and Mark Zuckerberg promoting this virtual world decide to do so. However, both this topic and that of the NFTs will have to compete with an AI that does not stop grabbing headlines.
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