Metaverse development and changes under the new economic landscape

Abstract

In recent years, Metaverse has become a global discussion topic, which has made major progress in policy support, monetary investment, technological advancement, and strategic layout of big internet companies. However, at present, its popularity has obviously decreased. This article examines the current state of the Metaverse’s development using factors like federal regulations, internet giants’ structure, and Metaverse market structures. It gives conclusion that the Metaverse is still far from meeting expectations, despite that it already has considerable progress. The main challenges it faces in the short-term are technical limits, device constraints, lack of large-scale application scenarios, economic downturn, and security issues. In the long-term The Metaverse will still experience a significant growth by taking several measures, such as improving and enhancing the construction of new infrastructure, lowering unit costs through technological innovation, fully integrating with the real market, and enhancing protection system construction.