Facebook’s Connect event yesterday marks the beginning of a new internet era. The social media platform is venturing into a new world of many possibilities – Metaverse .
As expected, Facebook restructured itself be as a subsidiary of a new parent company, called Meta . And this will imply the company’s intentions of building a vast virtual world, which replicates the physical world outside.
Technologies like VR, AR, cryptocurrencies, etc are having a new scope with the invention of Metaverse, and here’s how;
How Facebook’s Metaverse Will Change the World
Starting with the name change, Facebook confirmed the rumors of its brand evolution, by naming itself as Meta . While Facebook itself isn’t changing its name, it’s actually restructuring the organization to form a parent company as Meta, under which the subsidiaries like Facebook, Instagram WhatsApp, etc will function.
Meta , meaning ‘beyond’ in Greek, will imply the futuristic works the company is involved in. One among them is Metaverse , “ a place where we’ll play, work and connect in 3D. ” This is touted as the future of the internet, and the next chapter of socializing.
Announcing @Meta — the Facebook company’s new name. Meta is helping to build the metaverse, a place where we’ll play and connect in 3D. Welcome to the next chapter of social connection. pic.twitter.com/ywSJPLsCoD — Meta (@Meta) October 28, 2021
