Metaverse Mania Cools for Many, but Not for Marketers

Marketing executives still say they will spend more on the metaverse this year even as some consumers and tech companies lose interest in the concept

Attendance was down at this year’s Metaverse Fashion Week in Decentraland, despite the presence of brands such as Adidas and DKNY. Decentraland Foundation

Even while some of the metaverse’s biggest proponents are scaling back or shutting down spending on their visions for virtual worlds, many marketers are standing firm.  

Forty-six percent of consumer brand marketers say they will increase their metaverse budgets this year, and only 12% say they will spend less, according to a survey of 903 executives conducted by research firm Forrester in January and February.

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