Facebook to Invest $10 Billion in the Metaverse
Earlier this week, Facebook’s Chief Executive Mark Zuckerberg made a bold announcement that the company would invest $10 billion in a new project known as the Metaverse this year. The social media platform’s co-founder and CEO made it clear that the project was the next big thing.
Zuckerberg said the metaverse would be a place where users could hang out, play games, browse the web, and even shop. He believes that the virtual reality utopia will be ready in a few years.
Facebook recently acquired virtual reality hardware, and the social network’s co-founder and CEO has made it clear that he wants to control the metaverse. It isn’t clear how the company plans to do this.
In a recent company call, Zuckerberg said he wants to create a company that’s like a “metaverse company,” a kind of online social platform that allows users to interact with both digital and physical worlds.
Zuckerberg also made it clear that he hopes to make the metaverse the successor to mobile internet. He also believes that it will allow users to hang out with friends from across the globe.
The metaverse has many potential use cases, but most seem to be related to gaming. Companies such as Epic Games, Roblox, and Microsoft have all announced plans to explore the metaverse.
Many people say that the metaverse is a fusion of virtual reality and the internet. They also speculate that it will be based on a blockchain.