BREAKING: Is Public Losing Interest in Metaverse and NFT Hype - What Google's Stats Show...

Interested in learning a little less about the metaverse?
You're not alone, to be sure.

Despite an initial spike in usage, interest in both concepts appears to be waning, at least according to Google search statistics, which have seen steep declines for both phrases.

Nearly every big publisher in the gaming industry, appears to have been scared straight on NFTs after being slammed by fans every time they are mentioned, and those have been consigned to strictly blockchain-based games outside of the industry.

The phrase "metaverse" has been thrown around so much that it's nearly lost its meaning.

These days, it's most commonly used to refer to blockchain-based shared worlds with concurrent player averages outside the top 200-300 titles on Steam at any given time.

When Facebook changed its name to Meta and began preaching about the digital future, interest in the word metaverse skyrocketed.

But, since then, the word has lost its luster because neither Facebook nor its blockchain-based competitors have offered a clear vision for the notion.

Meanwhile, NFTs peaked around the end of January and have been steadily declining since then.

This should dispel the notion that the global breaking news of Russia invading Ukraine caused the reduction in interest for this phrase and possibly many others, as we can see from the graph that interest was already dwindling a month before the invasion.

Since then, it's been a steady fall that shows no signs of abating.
The same cannot be said for the entire area.

The popularity of terms like crypto, blockchain, Ethereum, and Bitcoin peaked in the spring of last year, but they've since leveled down.

Many people believe that all of the forecasts about NFTs being the inevitable future and the metaverse being the birthplace of web 2.0 are exaggerated.

I wouldn't be shocked if these concepts reappeared with new names in the future to feel more contemporary, but for now, interest in both is definitely diminishing, and I'm curious what will happen to the millions of NFTs kept when the speculative market ceases to work as it once did.

We're going to find out if we continue on our current route.

If we stay on this current path, we’re about to find out.