LandVault CEO Samuel Huber explained that the "era of hype" back in 2021 was just a prototype of what the metaverse truly is.
While the hype surrounding the metaverse may be away from its peak back in 2021, an executive believes it lives on, with governments in the Middle East capitalizing on the technology to boost their economies.
At the Arte Talks event held in the Theatre of Digital Art in Dubai, Cointelegraph spoke with Samuel Huber, the CEO of LandVault, a metaverse firm working with various government agencies in the Middle East. Huber spoke about the current interest in the metaverse and the biggest segment diving into the technology.
According to Huber, because the metaverse was the main narrative in 2021 and 2022, everyone jumped in. However, the executive said many who started metaverse projects pulled back. Huber explained that this was because many of the projects overestimated the metaverse’s impact in the short term and built things without any utility. He added:
