**News Flash: Meta Halts Next-Gen VR Headset Development**

Meta's metaverse dreams hit a snag as the company halts work on a new VR headset. Realty Labs, Meta’s division for virtual reality, paused development due to concerns over market demand. CEO Mark Zuckerberg made the call after noting Apple's Vision Pro, a similar product, didn't meet sales expectations.

Despite big tech's push, VR remains niche. While industrial use grows, consumer adoption lags. Issues like VR sickness and the impracticality of wearing headsets in public contribute to this. Meta's collaboration with Ray-Ban on AI-integrated eyewear shows promise, but VR's "iPhone moment" is still elusive.

In the Web3 space, developers focus on device-agnostic experiences, highlighting a disconnect between big tech's hardware ambitions and consumer interest.