Microsoft's Metaverse Project Scraped: 100 Employees Laid-off
The hype around the metaverse is still evident. However, it doesn’t seem to be working out for certain platforms. The leading tech firm, Microsoft decided to put a hold on its Industrial Metaverse project. In addition to this, the Microsoft Metaverse team was also being laid off. According to a recent report, Microsoft decided to scrap this project as it intends to lay its focus on short-term projects. The company believes that it will take these initiatives far less time to produce significant income as opposed to long-term projects. It should be noted that this project was started back in October. Within four months of its existence, the initiative was shelved. The Industrial Metaverse Core, a special metaverse team, primarily concentrated on settings found in industries. According to reports, it specifically sought to provide interfaces for controlling control systems in electrical power plants, robots, and transportation networks. A total of 100 members were work...