Skip to main content

Meta Still Struggling for Its Metaverse to Find Its Legs

meta

Meta, the company formerly known as Facebook, is still struggling for its metaverse app Horizon Worlds to find its intended audience. The company, that presented a video of full new avatars, including feet this week, was criticized due to the prepared nature of the presentation. In the same way, the company lowered the goal of monthly active users from 500K to 280K by the end of this year.

No Real Feet Show, Meta States

Meta, the social media behemoth, is battling problems left and right when it comes to its metaverse app Horizon Worlds. As part of its Connect keynote offered last week, the company presented a demo that supposedly showed an early look at the new graphical presentation of avatars that the platform will feature next year. One of the big improvements in this regard was the presence of legs that connected these to the floor making the metaverse more immersive.

After the presentation, which left some confused, the company clarified this animation segment was created with auxiliary tech, including motion capture, to show what is coming to the app in the future. This statement enraged some of the fans that criticized the bulk of the money the company is spending on this without solving the leg problem.

User Enticement and Retention

Legs are not the biggest problem that Meta is facing with Horizon worlds. According to a recent article from The Verge, the platform is also struggling to acquire new users and has lowered its goal of reaching a number of 500K monthly active users to 280K. While the company stated in February the app had more than 10,000 worlds as part of its structure, only 9% of these worlds are being visited by more than 50 users.

In the same way, most users don’t return after one month of visiting the platform, a metric that shows users are growing bored with what Horizon Worlds has to offer. But not only regular users are leaving the platforms; Meta’s employees are also on this boat.

Two memos issued by Meta’s VP of metaverse Vishal Shah in September enticing employees to be active and to “fall in love” with the platform, and hinting at the establishment of time quotas that employees should spend on Horizon Worlds for employees, show Meta’s issues.

Spokespersons from the company stated Meta’s metaverse plans are a “multiyear effort,” and that it is continually making improvements to the platform.

What do you think about the problems that Meta is fighting on its metaverse push? Tell us in the comment section below.



from Bitcoin News https://ift.tt/g7GDsBw

Comments

Popular posts from this blog

Mt Gox Creditors Updated, Trustee Says Rehabilitation Custodian Is ‘Currently Preparing to Make Repayments’

On August 31, 2022, the Mt Gox trustee Nobuaki Kobayashi explained in a recent letter that the rehabilitation custodian is “currently preparing to make repayments” to Mt Gox creditors. Trustee Updates Mt Gox Creditors — Repayment Date and Exchange Still Unknown Last week speculation and rumors concerning the release of 140K bitcoin ( BTC ) from Mt Gox littered social media platforms and headlines. Bitcoin.com News covered the situation six days ago as a number of people and Mt Gox creditors called the rumors “ fake news .” During that same period of time, a bitcoin whale transferred 10,000 BTC to unknown wallets, and a 2018 annotation , heuristics, and clustering methods show the funds likely originated from the June 2011 Mt Gox hacks. Following the mysterious whale transfer, last Wednesday, Mt Gox published an official update from the court trustee Nobuaki Kobayashi that explains the court is “currently preparing to make repayments” to creditors. Mt Gox creditors have been wait...

Fidelity Discusses Bitcoin as Portfolio Insurance — Could Soon Stand in ‘Stark Contrast’ to Path Fiat Currencies Take

Fidelity Digital Assets, a subsidiary of Fidelity Investments, says that bitcoin could be considered portfolio insurance. The firm notes that the cryptocurrency “may soon stand in stark contrast to the path that the rest of the world and fiat currencies may take — namely the path of increased supply, additional currency creation, and central bank balance sheet expansion.” Fidelity Says Bitcoin Could Be Portfolio Insurance Fidelity Digital Assets, a subsidiary of Fidelity Investments, recently published a research study titled “The Rising Dollar and Bitcoin.” The research outlines “how bitcoin could be considered portfolio insurance” as the rising dollar impacts global currency markets. “The strengthening U.S. dollar is wreaking havoc among other countries and may put pressure on the Federal Reserve to soon reverse its tightening monetary actions, something that has precedent based on 1985’s Plaza Accord,” Fidelity explained. In addition, “more monetary debasement may be needed to ...

Economists Discuss Russia, China Potentially Developing Gold-Backed Currency That Could Undermine US Dollar

Economists have weighed in on reports that China and Russia may be developing a new gold-backed currency that could undermine the U.S. dollar’s status as the world’s primary reserve currency. Russia and China May Be Developing Gold-Backed Currency Several experts have shared their views on Russia and China potentially creating a new gold-baked currency, Fox Business reported Saturday, emphasizing that China has been buying up huge quantities of gold while Russia was forced off the U.S. dollar due to sanctions imposed on the country following its invasion of Ukraine. The news outlet noted that some experts have cautioned that these moves, along with the closer relationship that has developed between Moscow and Beijing, point to the likelihood of China attempting to launch a gold-backed currency. However, neither Russia nor China has officially confirmed plans for such a currency. Craig Singleton, senior fellow at the Foundation for Defense of Democracies and a former U.S. diplomat,...