Chyung Eun-ju
Recently, the excitement surrounding the metaverse has waned. A few contributing factors we can see being attributed to this diminishing interest are Meta's slow advancements in the field, the downturn of non-fungible tokens and Apple's promotion of the term "spatial computing" to supplant the concepts of the metaverse, virtual reality and extended reality.
Despite K-pop's foray into the metaverse, it faced hurdles, as evident in the decrease of the users of the metaverse platform ifland from 3 to 4 million to 600,000 in the fourth quarter of last year. Kakao Games' metaverse business subsidiary, Colorverse, closed down, and Nexon's metaverse platform, Nexon Town, introduced in 2022, remains largely inactive and abandoned.
Joel Cho
Amid the current market landscape, the rise of tokens such as Render (closely tied to Nvidia) and Ethereum indicates a future where tokenized assets will play a bigger and more significant role in investment portfolios. Particularly with the expected approval of BlackRock's Ethereum ETF, the positive market response to tokens is increasing the relevance of digital assets. Thus, despite the hype surrounding the metaverse dying down, the resurgence of digital currency hints at a potential revival in the metaverse's........