"The Metaverse: From Hype to Building, Confusion to Clarity"

Vishal Shah, Meta's VP of Metaverse, believes that while the hype surrounding the metaverse may be dead, the metaverse itself is not. Despite recent setbacks and the closure of metaverse divisions by companies like Disney and Microsoft, Shah sees the downturn as an opportunity for Meta to focus on building. Meta is set to release its next-generation virtual reality headset, Meta Quest 3, this fall, and Apple is also entering the metaverse market with its own headset in 2024. Shah emphasizes that the development of the metaverse will be an iterative process over many years.