Epic Games CEO Tim Sweeney took to Twitter to challenge the idea that the metaverse is dead, urging Fortnite, Roblox, and Minecraft players to come together for an "online wake."
Sweeney disagreed with the notion that the metaverse was dead due to a lack of business interest, pointing to the large number of people using virtual worlds.
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Sweeney took to Twitter to disagree with Ed Zitron's article, "RIP Metaverse, we hardly knew ye."
- Zitron, a PR agency CEO, claimed that the metaverse was dead after being abandoned by the business world.
- Epic Games and other corporations, including Microsoft and Meta, founded the Metaverse Standards Forum in 2022.
- Epic Games recently announced a $2B investment to fast-track the company's ambitions for the metaverse.
- Despite Meta's billions in spending, its attempts to draw consumers to its metaverse have largely failed.
- The metaverse market was valued at $66B in 2022 and is projected to reach $937B by 2030.
- In March, Zuckerberg declared that Meta's "single largest investment is advancing AI and building it into every one of our products."
- The Wall Street Journal reported that the metaverse would change how we work forever.