Predictions Report

Predictions 2023: The Metaverse And NFTs

An Impending Metaverse Winter Will Cool Overheated Expectations

Julie Ask
David Truog
 and  four contributors
Oct 25, 2022

Summary

In 2023, metaverse and NFT stunts will take a backseat to fighting the fires ignited by a volatile economy. Brand experimentation will pivot from the superficial “one and done” headline-grabbers toward efforts that deliver employee and consumer utility. Expect a sober 2023, where the industry focuses on function over form to prove the metaverse’s value to a skeptical potential customer base. This report lays out Forrester’s five most important predictions about the metaverse and NFTs for 2023.

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