Avatars dancing to house music on a tropical island doesn’t draw a crowd.

The metaverse is predicted to be $5 trillion in value by 2030 as per leading analysts McKinsey & Co.’s new research. These figures show that the metaverse may be just too big to ignore. Experts agree that the metaverse will influence the business ecosystem and leave imprints on all sectors.

The Notorious B.I.G., 25 years after his death, will be resurrected as a “true-to-life, hyperrealistic” avatar in a virtual-reality concert coming exclusively to Meta’s VR and Facebook platforms.

You’re better off buying three Quest 2s.

After spending about two weeks with it, here’s my takeaway: The Pro has an identity crisis. At $1,500, it’s far too expensive to be considered a consumer device for gaming. Unfortunately, most of the apps on the device haven’t been optimized for the new Pro, so it also doesn’t feel ready for professional use, either. Meta still needs VR developers who are looking to enhance the metaverse to buy the Pro and create more apps and use cases for the headset.

Palmer Luckey claims to have invented a VR headset that kills the wearer in real life, if they die in a virtual reality game. Ha ha. Cool...

The man who created the Oculus rift has invented a virtual reality headset that will explode the forebrain of a user who dies in a video game.

Meta's push to put computing into a headset will end in tears

Investors wiped more than $65 billion from Meta’s market capitalization on Wednesday after the Facebook owner reported another quarter of declining revenues and failed to convince investors that big bets on the metaverse and artificial intelligence were paying off.

He’s not the only exec to push back on the metaverse this week.

The metaverse is a failure. The games are stupid. I’ve tried DecentralandMANA 0.0%, which is a token I stupidly own. My avatar keeps banging into walls. Even if I paid for the premium services, skins, or whatever they are called, I could not imagine the experience being all that interesting. The token is off 81% year-to-date. It’s a wonder they are even still in business. Grayscale’s Decentraland ETF is being bought now by crypto vultures who like it at 60 cents and think it might go to a $1 again someday.

Mark Zuckerberg should pause, reflect, and ask himself one important question: When is enough, enough?

Luis Eduardo Garrido couldn’t wait to test out his colleague’s newest creation. Garrido, a psychology and methodology researcher at Pontificia Universidad Católica Madre y Maestra in the Dominican Republic, drove two hours between his university’s campuses to try a virtual reality experience that was designed to treat obsessive-compulsive disorder and different types of phobias.

Meta is struggling to keep users engaged inside the $15 billion Horizon Worlds platform, The Wall Street Journal reported.

Bain & Company predicted that the game industry’s global revenue could grow by more than 50% over the next five years to $300 billion. In a new research report, the global consultancy said the industry growth is accelerating thanks to heavy engagement of younger gamers (ages 13 to 17) who spend about 40% more in video game environments than with any other form of media.

Facebook owner Meta's Horizon Worlds is failing to meet internal performance expectations, a report says.

In most market environments, a company with one of the lowest valuations in the Nasdaq 100 Index, a solid balance sheet and sales growth averaging 34% a year would be an obvious buy. In the case of Meta Platforms Inc., it’s not so obvious.

Apple next year is planning to enter a new product category, launching its first mixed reality headset

Plus: How Mark Zuckerberg fell in love with VR, the fake future of documentaries, and Armageddon.

The social media company gets one step closer to reading your mind.