Current metaverse studies have often overlook the fundamental value it can offer to humanity. This has led to growing concerns regarding its intrinsic value and the performance expectations associated with it. To address these issues, it becomes imper...
Current metaverse studies have often overlook the fundamental value it can offer to humanity. This has led to growing concerns regarding its intrinsic value and the performance expectations associated with it. To address these issues, it becomes imperative to explore why there has been a recent decline in interest in the metaverse and to identify key research areas for future studies. In this study, we conducted a text mining analysis of the abstracts from a total of 1,071 metaverse-related research papers registered in academic research databases (RISS.or.kr). I performed word frequency analysis and LDA topic modeling analysis to gain insights into the evolving landscape of metaverse research over time. Our findings can be summarized as follows. Upon initial examination, word frequency analysis and LDA topic modeling results revealed active exploration of various metaverse-related themes, including virtual worlds, spatial experiences, platforms, research methodologies, utilization value, art content, and education. However, a closer look revealed a dynamic evolution in research themes over the years. Before 2021, discussions revolved around diverse topics such as digital worlds, virtual content, technological platforms, interdisciplinary research, industry-oriented services, social-spatial arts, and educational classes. In 2022, research interests shifted towards R&D, social impacts and educational services, particularly in response to the COVID-19 pandemic. By 2023, a prominent focus had emerged on educational services within virtual spaces, platform development, research analysis, utilization value, cultural tourism, educational classes, and immersive learning experiences. Based on our analysis, this study posits three key recommendations. First, it suggests a continued emphasis on the innovative educational services development leveraging edu-tech within the metaverse. Second, it encourages the development of services that harness the unique capabilities of the metaverse, such as hyperrealistic or surrealist content. Lastly, it emphasizes the importance of soliciting input from metaverse technology stakeholders, including industry and government regulators, alongside academia and research experts who are at the forefront of technological and service advancements. This holistic approach aims to foster a more diverse range of metaverse services.