The metaverse hype bubble popped. What now?

I wrote this:

By now, we were all expecting to be wearing Oculus headsets and piloting legless avatars floating in virtual worlds of dragons, robots, and spaceships. Instead, here we are in a new world of tech austerity, with massive layoffs sweeping the industry. So the metaverse is dead, right?

Wrong. The hype bubble has collapsed. But the metaverse is growing.