The world of technology continues to evolve rapidly, with new trends and concepts emerging. One such concept that has gained attention is the metaverse, a virtual universe where people can interact and engage in various activities. However, recent data from DappRadar reveals a surprising trend: investments in the metaverse have accounted for a mere 10% of the figures recorded during the same period in the previous year. This raises questions about the future trajectory of metaverse technology and its place in the investment landscape.

To gain insights into this evolving landscape, we turn to Simon Peters, a Crypto Market Analyst at eToro. According to Peters, the first half of the year has been dominated by the buzz surrounding artificial intelligence (AI). Companies involved in AI, such as NVDA and META, have seen impressive performance in the market. This shift in focus from the metaverse to AI-related projects may have had a negative impact on the prices of metaverse-related crypto tokens. 

FXMAG.COM:

Data from DappRadar shows that in the first half of 2023, investments in the metaverse barely accounted for 10% of those in the corresponding half of the previous year. What's next for metaverse technology?

Simon Peters, Crypto Market Analyst at eToro, said:

AI has been the 'buzzword' in the first half of the year. From NVDA to META, companies with exposure to AI have typically been the best performers this year. Perhaps investors' focus has shifted away from the Metaverse to more AI related projects and this, in turn, has negatively affected the price of Metaverse related crypto tokens.

Price direction will be tied to the macroeconomic climate. Factors including cooling inflation, a pause in interest rate hikes and advancement in crypto regulation could be positive for asset prices in the near future. Nevertheless, the concept of the metaverse is still very much in its infancy. With more and more people shifting towards remote working and spending more time online, this space has massive potential.