Everything you need to know about Facebook’s name change

Facebook has decided to foray into the ever-expanding world of the Internet with ‘Metaverse’ which aims to take Virtual Reality (VR) and Augmented Reality (AR) to new levels. In a big step in a new direction, the social media giant on Thursday changed its name to Meta. The company also teased work on a series of developments to bring the Metaverse to life through its online presence. But what exactly is the metaverse and how could it change the way we use the Internet today?

The term Metaverse is not as new as the science-fiction writer Neil Stephenson first coined in his 1992 novel Snow Crash. Nonetheless, the Menlo Park, California-based company is ready to bring that fantasy world to reality.

“The Metaverse will not be built by one company. It will be built by creators and developers creating new experiences and digital items that are interoperable and unlock a vastly larger creative economy than one constrained by today’s platforms and their policies.” , “said. Facebook Co-Founder and CEO Mark ZuckerbergMILF in one public letter Issued online.

American author Stephenson in his novel defines the metaverse as a shared virtual space where people connect with others using the Internet, VR and AR simultaneously. Individuals were given the power to create their own avatars in the virtual space. But that core concept of the metaverse is yet to be finalised.

many companies including Apple, Google, And Microsoft Have been trying to grow their businesses with virtual space and their native AR experiences for a while now. However, it seems that Facebook has achieved with the advantage of first mover not only by showing its interest in building the metaverse but also Name Meta itself.

NS COVID-19 The pandemic has introduced us to the remote work culture. But the concept of the Metaverse is a step forward in that direction. It’s like living in a world where your high-quality avatar communicates with others in a virtual space. You will have devices such as glasses or headsets to help you stay connected to the virtual world.

Facebook has been actively working to bring VR and AR closer to the Internet for quite some time. The company initially showed its interest in bringing immersive experiences back in 2014 – when it Acquired VR Headset Manufacturer Oculus VR. However, the move to delve deeper into the virtual ‘metaverse’ and adopt Meta as the company’s new name is something Facebook plans to use to make a big difference in its overall business.

“From now on, we’ll be Metaverse-first, not Facebook-first. This means that over time you won’t need a Facebook account to use our other services,” Zuckerberg said.

Facebook gives us a glimpse of what we can really see with its Metaverse move Announcing its Horizon Workroom VR Remote Work App in August. It also started investing millions of dollars to build the metaverse using its existing and new resources.

The timing of launching its Metaverse-focused plans and the new Meta brand name sounds interesting enough because the company is facing legal battle The way it works as a social media network in global markets. The company has often been accused of favor political forces and not using resources to restrict fake news, fake news, And Hate speech. Recently it was also alleged Police have failed in derogatory content Despite its information being globally on its platform.

Some believe that Facebook may be able to address some of these allegations and criticism by shifting its focus to the metaverse. But the company has yet to provide any clarity on how it will proceed with the new business and whether it will take past learnings into account when designing new virtual experiences.

Meanwhile, some netizens are comparing Facebook’s Metaverse to Stephenson’s Metaverse in Snow Crash where examples of virtual worlds being infected with computer viruses are depicted.

“Our hope is that within the next decade, the Metaverse will reach a billion people, host hundreds of billions of dollars in digital commerce, and support jobs for millions of creators and developers,” Zuckerberg emphasized.