Facebook Metaverse: Who Is Building The Metaverse And Why Does It Matter?

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In recent times, Facebook has made quite a name for itself with its latest project, the so-called Facebook Metaverse. Metaverse is a virtual environment where users can interact in different ways and can be seen as an extension of our real-world environment. On the whole, the concept sounds quite futuristic and exciting. However, we are not yet at the point of creating a metaverse, which makes this project even more fascinating. So, who is building it and why does it matter? Let's take a look.

Who is Building the Metaverse?

The Metaverse is still a very young concept, and we are only at the beginning of the process of building it. There is no single person or group that can be identified as “the” Metaverse. It is an emergent system built by many people, using many different technologies. 

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Facebook has spent the last few years investing heavily in AR/VR technology and has been expanding its efforts in that area. The company recently revealed the new project, Facebook Metaverse, which it said will bring its existing AR/VR technology to the next level.

As it appears, Facebook is not going to be the only metaverse company. In fact,  there are already several companies working on it, including TikTok, Microsoft, Nvidia, and others. Facebook’s move is one of the more aggressive ones, but it’s not the only one.

Microsoft CEO Satya Nadella wants to build an “enterprise metaverse” with Mesh, a mixed-reality, cloud-based meeting app that can teleport a person digitally to a remote location for shared experiences. Epic Games and Roblox gaming platform are some of the other giants working on building the Metaverse.

Read More: Jack Dorsey slams Facebook metaverse as a “dystopian corporate dictatorship”

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Why Does it Matter?

The concept of the Metaverse has been around since the early ’90s. Since then, we have been seeing a lot of technological advancements in the area of VR, AR and technology generally. At this point, it seems like we are very close to creating a real-world version of a virtual environment. Facebook's Metaverse is just the next step in this evolution. Where will this take us? Who knows, but one thing is for sure: The Metaverse is coming and it is going to be huge!

The Metaverse is poised to become the next great computing platform or content medium. But its potential to transform human society is so far unrealized. It will change the way we interact with each other and with the world. It will enable us to create, consume, and share digital experiences that are as real as the physical world. There are many reasons why the Metaverse will be important in the future.

One of the most important ones is the possibility to create a new form of social media. The Metaverse can be used to build social networks that are not limited by geography or physical distance. Thereafter, people can connect, collaborate, and communicate with one another in a more meaningful and effective way. It can also be used in educational settings, for training purposes, for collaboration, for entertainment, or even as a means of social interaction. 

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The possibilities are endless, but one thing is for certain: The Metaverse is going to change the way we do business, how we live our lives, and how we interact with each other. This has profound implications on every aspect of our lives, from our jobs to our homes, to our relationships.

Read More: Is Facebook Changing Its Name To Metaverse And Why Is Facebook Changing Its Name?