Microsoft is backing away from the metaverse.. I know why

Microsoft is backing away from the metaverse.. I know why
Microsoft is backing away from the metaverse.. I know why
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Tuesday, January 24, 2023 09:10 am

When Facebook became Meta, it signaled its intentions to go into the metaverse, and many big companies followed and revealed – not at the Meta level – that they would also bet on the Metaverse, and one of those companies was Microsoft.

However, Microsoft announced last week that it plans to cut nearly 10,000 jobs globally, and it looks like its metaverse plans may have taken a backseat.

In a big hint towards it via a blog post where the company revealed that it’s shutting down its VR platform for good, the platform called AltspaceVR will cease to exist as of March 10, 2020. Moreover, according to a report by Windows Central, Microsoft has also reportedly fired the team. Behind MTRK – Mixed Reality Tool Kit – the platform created for AR and VR integration.

Turn to Microsoft Mesh for a metaverse In 2021, Microsoft CEO Satya Nadella spoke about how the metaverse will be transformative. “Metaverses don’t just change the way we see the world,” Nadella said at a Microsoft event. They are all actively involved and we can’t wait to see what you build and how you bring people together with this technology.

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He also announced Microsoft’s plans for the metaverse. “As the digital and physical worlds come together, we create an entirely new platform layer, which is the metaverse. We bring people, places, and things together with the digital world in both the consumer space as well as in the enterprise,” Nadella said at the time.

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The company has yet to give up on the Metaverse. In a blog post announcing the closure of Altspace VR, Microsoft said, “We see the opportunity to expand virtual reality beyond the consumer into business and we now have a bigger goal: a more open, accessible, and secure version of the immersive experiences in metaverse.”

Microsoft Mesh is the division that will now focus on AR, VR, and mixed reality. Microsoft said: “With Mesh, we aspire to build a platform that provides the broadest opportunity for all involved, including creators, partners, and customers.”

Source: Technology News: Microsoft is backing away from the metaverse.. Find out why

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