An Open Beta Update on the MultiVersus Website announces that the open beta for the multiplayer online sport will conclude on June 25th. This will result in a considerable hiatus for the game, as word is the full official launch is not expected until next year. IGN notes the many users are quite unhappy about this after spending money on the game. Here's the plan:

To do this the right way, we will be closing the MultiVersus Open Beta on June 25, 2023. As part of this process, we’ll be pausing updates and taking the game offline as we prepare for the launch of MultiVersus, which we are targeting for early 2024.

I’m sure you’re wondering what this means for you. During this downtime, all online modes and features will be unavailable. You will have limited offline access to the training room (known as The Lab) and local matches, along with access to your characters and cosmetic items within these modes.

We do know that this news might be disappointing, but rest assured, MultiVersus will be back. We’ll also ensure that all of your progress and content will carry over when MultiVersus returns next year, with a variety of new content, features and modes. Along the way, we’ll be providing updates so keep an eye on our social channels and website, as well as our dedicated FAQ.