The Real Facebook Oversight Board, a watchdog group focused on the company, announced that it will keep its own name. Some of Facebook's biggest critics seemed unimpressed. It faces heightened legislative and regulatory scrutiny in many parts of the world following revelations in the Facebook Papers. The announcement comes amid an existential crisis for Facebook. It will be a place where people will be able to interact, work and create products and content in what he hopes will be a new ecosystem that creates millions of jobs for creators. Zuckerberg says he expects the metaverse to reach a billion people within the next decade. "We think there's going to be lots of companies building virtual worlds and environments in the metaverse, in the same way there's being lots of companies doing things on the World Wide Web." "That's cool," said Richard Kerris, vice president of Nvidia's Omniverse platform, after being told by a reporter of Facebook's name change. Other tech companies such as Microsoft, chipmaker Nvidia and Fortnite maker Epic Games have all been outlining their own visions of how the metaverse will work. It also will incorporate other aspects of online life such as shopping and social media, according to Victoria Petrock, an analyst who follows emerging technologies. Essentially, it's a world of endless, interconnected virtual communities where people can meet, work and play, using virtual reality headsets, augmented reality glasses, smartphone apps or other devices. Zuckerberg has described it as a "virtual environment" you can go inside of - instead of just looking at on a screen. What is the metaverse? Think of it as the internet brought to life, or at least rendered in 3D.
You’ll be able to socialize, learn, collaborate and play in ways that go beyond what’s possible today.
It's a collective project that will be created by people all over the world, and open to everyone. The metaverse is the next evolution of social connection.
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