EU hosts $400,000 Metaverse Party. Barely anyone shows up

  • The EU spent €387,000 ($407,000) on a metaverse venue to promote a new strategy.
  • Only a handful of people attended the 24-hour launch party.
  • One journalist who attended the event said that he was one among six people.

According to the European Union, a 24-hour party was held in its $407,000 metaverse. However, only a few people attended. journalist Vince Chadwick,One of the attendees.

Last week’s event was advertised as a “beach Party” that offered “music and entertainment” to launch the EU’s “Global Gateway” strategy.

EU staff raised concerns about the virtual-reality world’s high cost when it was first shown in October. per Devex.

“Depressing and embarrasing” and “digital garbage” were among the department’s first responses to the underwhelming €387,000 venue. 

The EU explained to the news site its metaverse aimed at increasing awareness among 18-35 years olds “primarily via TikTok, Instagram” and those who aren’t politically engaged.

However, the message was not received by enough people when it switched from promotional video into virtual reality. 

Chadwick posted about his experience at the party and said that only five people were there. 

He described having “bemused conversations” with other partygoers as they couldn’t find the place.

“The concert is the DJ spinning the same music,” stated one user, while Chadwick asked Chadwick if he had the date wrong.

The other attendees then gave up – leaving the singular journalist as the only person at the gala, less than an hour after its advertised start. 

The “Global Gateway” strategy aims to raise €300 billion of investments by 2027 to help the world recover after the pandemic, in an attempt to counter China’s influence.

One EU diplomat spoke after seeing the metaverse party. The Times of London“Beijing must be laughing.” It would have been funny if it wasn’t a serious undertaking and if we hadn’t paid for it all.

Insider’s request for comment was not immediately answered by the EU.

The metaverse has come under fresh criticism since then. Mark Zuckerberg announced losses and layoffsMeta, his company has lost $30.7 million in virtual reality. 

The Financial Times reportedInvestors were “more disgusted” afterwards Zuckerberg then doubled-down on his vision for the metaverse.

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