Following Consecutive Local Government Metaverse Service Closures, This Time SKT Ifland Ends -- Where Is the Future of Metaverse: Following public sector Metaverse Seoul and Virtual Gangwon consecutively declaring metaverse platform service termination, this time private enterprise representative SK Telecom announced it will terminate its metaverse platform Ifland as of March 31, 2025. Ifland was a service ambitiously launched in July 2021 when contactless communication was attracting attention due to the pandemic -- cited as a case where SK Telecom entered the market quickly assessing metaverse business growth potential. Ifland attracted attention during the pandemic with non-face-to-face communication as a new paradigm but could not firmly establish itself in the competitive global metaverse market. The Ifland post-mortem: Ifland reached 20+ million downloads and had active K-pop concert events and corporate meeting events; but daily active users declined sharply after pandemic restrictions lifted; without pandemic-era artificial demand, the core value proposition (avatar-based social interaction) competed with Roblox, Zepeto, and other platforms with stronger content ecosystems; SKT lacked the content creation incentive structures that made Roblox and Fortnite sticky; the K-pop event model was successful but not sustainable as a daily engagement driver. The broader metaverse industry lesson: the pandemic created artificial demand for virtual social platforms that did not persist; platforms that built genuine user habits and content ecosystems (Roblox, Minecraft) survived; platforms that were convenience alternatives during restrictions (Ifland, many corporate virtual event platforms) saw usage collapse when restrictions lifted.