Is the metaverse finally dead and buried? What's really going on with the embattled idea of living in virtual worlds.

Touted as the next big thing just a few years back, the development of and hype fueling the metaverse have spluttered to a halt. Is it headed for the scrapheap of history?

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A screenshot of a virtual reality setting where cartoon people walk around a museum of virtual images
The metaverse was once a popular virtual reality hub.
(Image credit: Yagi Studio via Getty Images)

Is the idea of the metaverse dead? Even without a much hotter technology in the form of artificial intelligence (AI) capturing the public conversation, most ordinary people have stopped talking about it, beyond reminiscing about the COVID-19-era hype and catty quips at the technology's expense.

The hype was once so loud that one of the biggest names in the technology industry capitalized on it by changing its own name — we're looking at you, Meta, the company formerly known as Facebook. Several years on, however, Meta has quietly divested itself of its interests in the area. After losing more than $70 billion since 2021 as of December 2025, the firm was preparing to cut metaverse development outfit Reality Labs' funding by 30%.

Drew is a freelance science and technology journalist with 20 years of experience. After growing up knowing he wanted to change the world, he realized it was easier to write about other people changing it instead. As an expert in science and technology for decades, he’s written everything from reviews of the latest smartphones to deep dives into data centers, cloud computing, security, AI, mixed reality and everything in between.

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