Could a Recession Crush the Metaverse?
The metaverse has gained a lot of traction over the last few years, with billions of dollars being poured into the realization and expansion of the virtual world. While its future looks promising to the growing number of investors and users jumping in, its long-term success isn't concrete. There are several hurdles that could squander the hot new investment opportunity as quickly as it has risen -- the most pressing being a recession. Here are two reasons a recession could crush the future of the metaverse.
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The pandemic may not seem like a prosperous time for the economy, but after halted economic activity in 2020, spending on the investor and consumer levels rebounded quickly, even surpassing pre-pandemic levels for gross domestic production (GDP). In other words, it's been a great time for the metaverse to grow.
Source Fool.com