Elon Musk was so right! All these Metaverse and NFTs are just marketing buzzwords without any actual utility or businesses around it. Meta had invested billions and billions of dollars into metaverse where they couldn't even find 1 million users. So what I understand, this investment had gone so bad that Meta has no other way to fire people to save cost.
This is what is going to be the future of any metaverse project in a year or two. When things are not practical, they are bound to fail.
You are right, I might take a bold step and readjust my portfolio because right now I am presently holding three metaverse projects, these projects look promising and the team are working hard to keep the project alive and well but I just feel like Metaverse will fail on the long run.
Play to earn still looks like a utility that will survive till the next bull market gets here but most play to earn projects will fail due to lack of adoption too.