Citing BitcoinWorld, Meta is reportedly planning a 30% reduction in its Reality Labs metaverse budget by 2026, marking the largest-ever cut for the division. The move reflects a strategic reallocation of resources toward generative AI and consumer hardware, such as AI-powered Ray-Ban smart glasses, which offer clearer paths to profitability. The potential budget cut coincides with a sharp decline in the metaverse-related crypto market, which has dropped from over $500 billion to $3.4 billion. Tokens like SAND, MANA, and RENDER have seen significant value erosion, raising concerns about the sector’s sustainability. The shift signals a move from ambitious, long-term metaverse development to more ROI-focused strategies, with implications for the broader ecosystem.
Meta Considers 30% Metaverse Budget Cut, Sparking Industry Concerns
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