The Metaverse is officially the world's biggest money pit. Mark Zuckerberg is burning wads of cash to try and keep the Metaverse relevant as Meta is on track to spend more than $10 billion this year for its failing endeavor. But, while Zuckerberg could very well see the light at the end of the tunnel that the rest of us aren't seeing, Microsoft Gaming CEO, Phil Spencer, isn't a huge fan of the idea.
Spencer recently attended a WSJ Tech Live event where he tried to mince his words when asked about the Metaverse, to no avail.
According to the CNET reporter, Ian Sheer, Spencer described the Metaverse as a "poorly built video game" and that he just doesn't see it as where he would like to spend the bulk of his time. Spencer also appeared to mock the concept of having to wear a VR headset by saying, "The metaverse won't really take off if the first thing I need to do is put a helmet on my head."
On one hand, Spencer does have a point. You need a VR headset to go into and enjoy the Metaverse. However, the Metaverse lacks overall appeal because of its outdated and boring software.
Given that the selling point of the Metaverse is to help you escape a relatively boring life, no one wants to go into a dull virtual world.
