The writing has been on the wall since 2020, when Microsoft and Sony introduced their (at the time) next-generation Xbox and PlayStation consoles with versions that didn’t have a place to put your discs. Ultimately, they were responding to the emerging trend of people buying fewer physical games for consoles. Can you even remember the last time you bought a physical game for PC?
https://www.theverge.com/games/638535/physical-digital-video-games-nintendo-xbox-ps5-disc-cart