Is metaverse owned by Facebook?

What is the metaverse? The metaverse is an immersive internet experience that lets you replace or augment reality with computerized simulations that strive to be as realistic as possible .

It wasn’t immediately clear what Mark Zuckerberg wanted to do with Oculus when Facebook bought the virtual reality headset maker back in 2014. Those plans are now coming into focus: Facebook is now called Meta, and it’s not just a social media company, it’s a metaverse company .

What is Metaverse and how does it work? Metaverse is a term that is formed by combining the two different words including Meta and Universe. It is basically a digital space in which digital objects and things represent the digital people .