In June 2021, CEO of FacebookAnd the Mark Zuckerberg Announce something important to his employees. Facebook, a social media app that helps connect people on social media, It will now be much more than that.
He announced that the future of the company would now be a collection of interconnected 360-degree experiences known as Metaverse.
The Facebook CEO defined the metaverse as a A virtual world where people can not only socialize but also work and play at the same time.
What is Metaverse?
term ” Metaverse There is no doubt that Mark Zuckerberg, the CEO of Facebook, has made a splash, but did you know that he wasn’t the first to think of it? Many technology companies have been working towards this goal for years.
So, the real question is: What is Metaverse? How will the technology work?
You must have seen things like this before in science fiction movies like Ready Player One and also in the 1964 Jonny Quest animated series.
Through the metaverse, you will be able to perform different paths of your daily activities but in a virtual space. It also aims to create a file Virtual economy.
“The Metaverse is a vast network of worlds and continuous, real-time 3D simulations that support continuities of identities, objects, records, payments, and entitlements, and can be experienced concurrently by an almost unlimited number of users, each with a sense of individual existence.” – Matthew Ball
Also, Facebook might be the only name you hear when talking about the metaverse, but other big companies have been working towards it for a long time. For example, a blockchain-based game known as decentralization. It also motivates its users to work in a shared virtual world. Users of this game can buy real estate In the form of Non-Fungible Tokens (NFTs).
The names of many famous brands have changed over the years. But why is Facebook changing its name so significant? Why did it make a fuss around the world when it happened?
Well, Facebook didn’t quite change its name like that. was his main intention Rebranding himself and aligning his name with the ideas he pursues. The name makes it clear that Facebook is focused on building a metaverse which according to Facebook CEO Mark Zuckerberg will happen sooner or later.
Changing the name was also a big step with which the founder tried to prove it FB.C.E.An e-book is not just a social networking platform It helps people to communicate and interact with each other, but it is also a virtual platform that provides many other opportunities. So the main question that comes to your mind is what is the change of Facebook Meterverse?
Well, the simplest answer is that the Facebook metaverse will create a virtual universe where is she Individuals can have multiple identities, properties, and even multiple personas to interact with other users. So, the main part of the metaverse will undoubtedly be VR. But the concept is not that simple. Don’t just put on your VR headset and sit down to play. The metaphors will not stop even for a moment, but they will go on forever.
How will the Facebook Metaverse work?
When Facebook bought Oculus in 2014 for $2 billionCEO Mark Zuckerberg predicted that Facebook would become a volatile community that would allow people to share moments, experiences, and adventures with their friends online. So what would the Facebook metaverse channel do? Well, Zuckerberg said it Meta is currently focused on creating a virtual office space where people working from home can gatherbut you will have a 3D experience.
Not only that, the company is also trying to build it so that you can attend concerts, travel anywhere in the world, go to distant cities, and even buy clothes and virtual goods, and all these things will be present in the virtual world. In theory, once technology advances, the possibilities are as vast as our imagination.
Is Facebook alone building the Metaverse?
As mentioned above, you have to think that Facebook and the metaverse are synonymous because only Facebook comes to your mind when you hear the term. Half or Metaverse”. Here are some companies looking to develop more metaverses:
roblox – The video game platform, Roblox Corporation, which only went public this year, is looking to build metaverse technology so that they can provide their users with an edge A 3D experience for learning, working, playing and socializing. hHe recently stated that the company was looking to create a “Metaverse “. Microsoft also has the Xbox and the world-building game Minecraft. Xbox chief Phil Spencer also talked about planning to “build out a metaverse or mixed reality”.
nvidia – The computer chip company is also building its own company omniverse platform So you can connect 3D worlds to a shared virtual world.
lonliness – This software company that develops software projects for video games also creates tools or technologies that can be used to build the metaverse.
pop – The owner of Snapchat Inc has been building custom avatars for a long time now. They are trying to create filters to overlay digital features in the real world. In 2021, this company has filed reality glasses To allow developers to experiment and create different experiences.
XR programs and search boxes
Facebook also announced the XR Program and Research Fund in 2021. This investment is for two years from $50 million It is devoted to research and development to build an official metaverse.
Through this specific program and research fund, the Facebook founder is seeking to collaborate with industry partners, civil rights groups, nonprofits, governments, and even academic institutions to work towards the development of this new technology.
This plan was revealed through a blog post by Facebook Reality Labs VP Andrew Bosworth and Nick Clegg, Vice President of Global Affairs. The blog mentioned:The metaverse is a unique product that a company can build on its ownThe post goes on to say, “Just like the Internet, a metaverse exists whether Facebook exists or not… Its success depends on building strong interoperability between services so that different businesses’ experiences can work together.”
Oculus Headset for Metaverse
Facebook is expected to sell approx Seven million virtual reality headsets in 2022. People buy these headsets to become part of a digital world that combines virtual and physical reality.
In fact, in October 2021, Facebook announced that it would spend $10 billion In the coming years to develop technologies related to the metaverse. also Apple will release a hybrid virtual reality glasses In the next few years its cost may reach 3000 Dollars.
Limitations and challenges
All technologies are good and bad. Based on some surveys, here are some of the limitations and challenges that are sure to come with the metaverse –
Leave reality behind Most people’s main concern about the Metaverse is that as a result of spending so much time in the virtual world, it will be difficult for most people to get back into the real world and deal with the real things. Ready Player One also showed how people start to rely on the virtual world because it feels better to them. If people can shop, work, play and have fun in the virtual world, it is very likely that they will never want to go back to the real world.
Health problems – As people will get busy enjoying themselves in the virtual world and spend more time focusing on their virtual selves, they will likely stop working on their physical bodies. They may only care what their virtual avatars look like and not their real bodies. They will not waste their time exercising or eating healthy.
technological feasibility – Creating the Metaverse wouldn’t be so easy, it would require massive development to create an interconnected, continuous universe. A massive technological upgrade along with a lot of investment is required for the metaverse to function properly in the future.
The metaverse will really change the whole worldbut it’s also true that Zuckerberg can get excited about the metaverse and virtual universe for his own good. His company makes money from advertising, and developing the metaverse will help them collect the full range of personal information they can use for their business.
But, that being said, if researchers can develop it, it will definitely be the next best thing!