According to a report by American technology media The Information on February 9, a person with direct knowledge of the matter revealed that Microsoft’s four-month-old Industrial Metaverse team has announced its disbandment, and all about 100 employees of the team have been laid off. Microsoft established the Industrial Metaverse core team in October last year to build Metaverse applications in scenarios such as power plants, industrial robots, and transportation networks. The team, which largely consists of a group known internally as Project Bonsai, was affected by Microsoft's plans to lay off 10,000 people last month. #Metaverse #Web3