It might be here to stay but for how long? Just like the ICOs, they're here to stay but the hype was gone long ago.
you're right, ICOs are a cautionary tale of hype. But Metaverse tech is different. VR is getting better, internet is getting faster. these are strong foundations that weren't there with ICOs.
I've seen ICO projects that have the proposal about VRs, ARs and even AIs but as an ICO, they're done with that so they need to find something else for them to thrive on this current trend that we're having on the market.
The hype might cool, but the potential for the Metaverse to change how we work, learn, and play is real. Maybe it's not about "next big thing," but about how Metaverse tech can create lasting value.
We've got the metaverse hype since 2021 and they've got a little bit off when we've approached 2022 as that's the bear market. Now, that we're starting to get into the bull run, we'll see how hype it is going to be again.