What is Facebook’s Metaverse? All you need to know about it

Recently, Mark Zuckerberg, Facebook chief proclaimed that the tech giant will migrate from being a social media company to a “metaverse company” and will function as an “embodied internet” that will serve to be a conglomerate of two distinct real and virtual worlds.

Recently, Mark Zuckerberg, Facebook chief proclaimed that the tech giant will migrate from being a social media company to a “metaverse company” and will function as an “embodied internet” that will serve to be a conglomerate of two distinct real and virtual worlds. The term “metaverse” isn’t new to us and has now witnessed a sudden spike amongst the mass gaining popularity and speculation about how this term could be held in practice.

The metaverse: a name whose time has come?

Facebook’s initiative conceptualizes the blend of social media and metaverse of how social media would look like staying within the periphery of the metaverse. It is also claimed that metaverse is a poetic term that supports the concept of abstractedness quite dissimilar from the real world. However, this turned out to be a monotonous one. In 1992, this word was coined by science fiction writer Neal Stephenson in his novel Snow Crash, which bluntly showcased a romantic stance.

The latest neologisms namely “the cloud” or the “Internet of Things” have remained with the mass for a shorter period but have significantly emerged as the go-to names for indicating technology. The metaverse fits in the same category.

Merits of this term

Technological determinism is a way to augment the technological sphere of our social relations, power relations, and culture in society, with us being a passenger. However, it goes without saying that in a democratic society we all have and clearly know the drill.

Facebook being a mega-firm is fully determined to launch the “next big thing” before their competitors do. The metaverse is enthralling as it presets to its people real-world opportunities and displays an enormous scope for the new markets, new kinds of social networks, new consumer electronics and new patents.

A common instance

Metaverse-style concepts might help us assemble our societies more adequately. Distributed standards and protocols could conjoin the two distinct worlds and intensify realities into a single, open metaverse that in turn could help people to avoid duplication of effort.

For example, in South Korea, a “metaverse alliance” is on board to convince companies and the government to work in unison in order to manufacture an open national VR platform. A major chunk of this idea is searching for ways to mix smartphones, 5G networks, augmented reality, virtual currencies and social networks to resolve issues in society and earn profits.

Source Money Control
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