In the Press
December 1, 2023

Bankrupt in the Metaverse (Reuters)

The metaverse has been defined as a digital reality that combines aspects of social media, online gaming, augmented reality, virtual reality, and cryptocurrencies to allow users to interact virtually. In the last few years, companies have poured significant capital into the metaverse, often on expectations of outsized future returns. Indeed, investment in the metaverse more than doubled in 2022. Industry experts have projected that the metaverse may generate as much as $5 trillion in value by 2030. Financial Restructuring partner Kizzy Jarashow and associate James Lathrop explain more in Reuters.