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.
Read moreDoes Meta own the metaverse?
The problem is there are many, many versions of the metaverse, and Facebook, despite its big ambitions and its name change, only owns one of them . Facebook’s vision of the metaverse is very much based in Virtual Reality, where it purchased Oculus (now name-changed to Meta) which makes headsets, and its “base” for its …
Read moreHow much is the metaverse worth?
Some predictions have the value of the metaverse reaching $800 billion as soon as 2024, based on a current valuation of $47 billion .
Read moreWho created metaverse?
Then in 1992, sci-fi writer Neal Stephenson coined the term ‘metaverse’ to describe a 3D virtual space. Fast forward to 2022, the metaverse is a digital world created using different technologies like Virtual Reality (VR), Augmented Reality (VR), and cryptocurrency, and the Internet.
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