Use of the Metaverse, NFTs Decline as Interest in AI Grows

After all, 2022 started with new tech like metaverse activations, nonfungible tokens (NFTs) and cryptocurrencies at the height of their hype. But the popularity of those trends soon began to teeter amid high-profile setbacks such as digital exchange FTX’s implosion, investors souring on Meta’s virtual world ambitions and general Silicon Valley malaise brought on by rising federal interest rates and inflation.