Facebook Has Its Eyes Set On The Metaverse. What Does That Mean?
Facebook Announces That It Will be a Metaverse Company
The CEO of Facebook, Mark Zuckerberg, often makes futuristic announcements. This time, he has announced that his company will not just be a social media company. It will be a metaverse company instead. It will function as an embodied internet that blends real and virtual worlds better than it is being done till now.
What is the Metaverse?
Coined by science fiction writer Neal Stephenson in 1992 and shared via his novel Snow Crash, metaverse has become quite known. As of now, we only have technologies that impact some senses like vision and hearing. Examples of such technologies and tools include audio speakers, interactive video games, televisions, and virtual reality. In the future, we will have tools and technologies that trick all the senses like smell and touch. The idea is to create a space similar to the internet, but one that users can walk around inside of and where they can can play, socialize or even run a moneymaking business in a realistic computer-generated environment in real time.
Who Will Benefit from the Metaverse?
Metaverse is an exciting opportunity for many brands. Some of them are Apple, Google, Microsoft, and Facebook. All these technology companies will benefit from metaverse as it is the next big thing that might help them get an edge over the competitors. The companies can use it to get new markets, new consumer electronics, new patents, and new kinds of social networks.
Why Should You Bother About Metaverse?
If you are wondering why you should pay any attention to metaverse announced by Facebook when you have other things to worry about (like environment emergency, an ongoing pandemic, and species extinction), then you should read on. Metaverse style ideas can play a key role in productively organizing societies. Shared protocols and standards can bring disparate virtual worlds and augmented realities into one metaverse, and it can help people reduce duplication of effort and work more smoothly together.
Will Facebook Succeed?
Facebook might have announced about Metaverse a bit too soon. The company has failed to get any breakthroughs in VR, software tools, and semiconductors. If not Facebook, the metaverse might be led by other brands like Epic, Nvidia Apple and Google, all of which have technological leadership in software and hardware areas.
In other news, SpaceX is launching a satellite to display billboard ads in space.
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