Mark Zuckerberg unveils new metaverse product despite claims VR world is ‘dead’ with one platform only having 38 users

MARK Zuckerberg has unveiled a new metaverse product on his social media accounts.

The Meta CEO announced the Meta Quest 3 headset, which is coming this fall despite reports claiming the metaverse is dead and has dwindling users.

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Zuckerberg released the announcement on his Facebook and Instagram.

It states: "Introducing Meta Quest 3. The first mainstream headset with high-res color mixed reality. 40% thinner and more comfortable.

"Better displays and resolution. Next gen Qualcomm chipset with 2x the graphics performance.

"Our most powerful headset yet. Coming this fall."

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The Quest 3 will cost $499 and will allow users to experience mixed and virtual reality.

The announcement comes after recent reports that claim the metaverse is no longer popular.

Business Insider recently released a report it claimed was "an obituary for the latest fad to join the tech graveyard."

The article revealed how a billion-dollar, crypto-based metaverse world called Decentraland only has 38 daily active users.

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It says Meta's Horizon World's had less than 200,000 monthly active users in October 2022 despite Zuckerberg spending over $10billion on his metaverse products.

The NewStatesmen recently referred to Zuckerberg's metaverse as "an embarrassingly obvious misunderstanding of what normal people actually want from their digital technology."

The report claims that the CEO is quietly killing off his pet project despite it costing billions.

Zuckerberg previously admitted that his metaverse project will lose a "significant" amount of money for the next three to five years.

According to Bloomberg, he told shareholders: "We want to get the hardware to be as affordable as possible for everyone, and make sure the digital economy grows."

Last year, he told tech podcaster Lex Fridman: "A lot of people think that the metaverse is about a place, but one definition of this is it’s about a time when basically immersive digital worlds become the primary way that we live our lives and spend our time."

He added: "I think that’s a reasonable construct."