He going to jail for real, obviously I don’t want any FTX users to lose funds which is why begged everyone to close their accounts.

Facebook, Oculus, and Other Companies Are Investing in Metaverse

Metaverse is a virtual reality system that will allow users to work together, play games, and interact with other people in the virtual world. It will be accessible through mobile devices, desktop computers, and game consoles. It will allow millions of people to participate in virtual activities and collaborate with one another. Some companies have already begun operating in this space, including Epic Games, which recently announced a $1 billion funding round.

Facebook has invested $10 billion in Metaverse. It has also bought VR headset maker Oculus. This acquisition has raised some eyebrows. Facebook’s change of corporate name to Meta Platforms comes amid criticism that the company’s investment will become a bubble that could burst before it starts to grow. The social networking giant is also pushing its non-fungible tokens into its business. Non-fungible tokens are digital assets based on blockchain technology.

The company’s growth is accelerating at a rapid rate, with the company having raised over $810 million in funding over the past two years. It has partnered with investors including Winkelvoss Capital, Sequoia China, and Soros Fund Management. It recently added $150 million from Temasek, Boyu Capital, and others. This puts its valuation at $5 billion.

Other companies are jumping in as well. Microsoft has acquired Activision Blizzard, a pioneer in the metaverse, while Sony has invested $1 billion in Epic Games. Tencent, a tech and entertainment conglomerate, has also made a large investment in Metaverse. It also owns Riot Games.