why do you think they are betting on it if it so obvious to you that it won't work?
Just because some CEOs pour billions into fantasy projects it doesn't mean they're viable. Otherwise we all would be in the metaverse wouldn't we?
Because it will inflate their stock valuations? It's like with fusion energy or going to Mars etc., constantly X years away and currently economically unfeasible.
Kodak made a crypto coin. Where did that end up?
Just because some CEOs pour billions into fantasy projects it doesn't mean they're viable. Otherwise we all would be in the metaverse wouldn't we?