After the announcement of a partnership with Facebook, doubts about Metaverse quickly surfaced. However, its owner has been in touch and shared their view on why they decided to partner with FB so early.
The “Metaverse” is a blockchain-based virtual reality platform that allows users to create, experience and monetize content. It was originally created by the founder of the social media giant “Facebook”. Read more in detail here: what is metaverse.
Metaverse is not owned by Facebook (Meta). In actuality, the Metaverse does not exist in the traditional sense today. Furthermore, the Metaverse is not owned by anybody and will never be owned by anyone. Facebook simply wants to be one of several firms working to create a Metaverse world.
Let’s get into further detail.
We have access to the internet. Using the internet, we have built hundreds of thousands of enterprises. Everything is feasible due of the internet: Netflix, Amazon, Uber, Google, Facebook, Twitter, YouTube, TikTok, online news organizations, and so on. All of these businesses are referred to as “Internet Businesses.”
The firms listed above make use of the internet infrastructure, but none of them owns it.
Many people, however, say that the Metaverse is the new internet, which is untrue. The Metaverse is a service that is built on top of the internet infrastructure. The Metaverse will not replace the internet; rather, it will manifest via it.
Simply said, Metaverse is a 3D virtual environment that is interoperable and networked.
It was difficult to send an email from one service provider (for example, yahoo.com) to another in the early days of email (example, hotmail.com). Interoperability, or the ability to send emails from yahoo.com to hotmail.com, was added later.
Similarly, calling and sending SMS across service providers (T-Mobile and Verizon) was difficult in the early days of mobile phone services. It’s still true amongst talking applications, we may say. We can’t, for example, transmit Google Duo to Facebook Messenger.
Metaverse, on the other hand, has a different perspective. Various corporations, such as Meta (previously Facebook), Microsoft, Nvidia, and others, are now attempting to create their own 3D virtual world. In the Metaverse, each of these virtual universes is a universe. The crucial distinction, though, is compatibility. We shall transmit and receive our virtual possessions and information between these 3D virtual worlds in the Metaverse, independent of the virtual world’s owner.
For example, I have a T-shirt in a Meta-created virtual environment (Facebook). I’ll be able to wear that T-shirt in a Microsoft-created virtual environment in the Metaverse. Even though we now have Second Life, Roblox, Minecraft, and other virtual worlds, they are not compatible. As a result, they are not included in Metaverse.
Furthermore, the Metaverse’s primary notion is that we will be able to access it through VR, AR, smartphones, gaming consoles, web browsers, and other means. Companies may create products that enable entry to the Metaverse easier, but no one corporation can function as a gatekeeper.
Given the preceding debate, it is evident that the Metaverse will not be owned or operated by a single entity. Instead, a number of businesses will assist us in the creation of the Metaverse. As a result, Facebook (aka Meta) does not own Metaverse and never will.
Our assumption is that Meta (previously Facebook) changed its name to Meta on purpose in order to monopolize the word “metaverse.”
Prior to the name change from Facebook to Meta, Mark Zuckerberg was often chastised in the press for a variety of reasons. It functioned in a similar way to other corporations who changed their names to avoid trouble.
Virtual Reality is a favorite of Mark Zuckerberg’s (VR). In 2014, he paid $2 billion for Oculus. Since then, he has been working to bring virtual reality into the public. VR grew in popularity over time, but it never became broadly lucrative. Furthermore, in recent years, US legislators have attempted to split up Facebook.
As a result, Facebook’s change to Metaverse construction will benefit them in these times, as they will be able to claim that they are not a monopoly, but rather a small participant.
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Metaverse is a blockchain-based virtual reality platform that enables users to create, experience and monetize content. It was founded by a former Facebook executive, and it’s unclear whether or not the company is owned by Facebook. Reference: mark zuckerberg metaverse.
Frequently Asked Questions
Who owns metaverse?
A: Metaverse is a series of universes that are owned by the company known as The Company. On our planet, Earth, there exists an organization called Metaverses Incorporated and this organization owns all the rights to metaverse. The Company itself does not own any properties or places in metaverse.
What is Facebook metaverse?
A: Metaverse is a term that means a completely immersive virtual reality. It used to describe the technology of creating fully interactive, digital worlds where users could buy and sell goods, interact with other people across the globe without even needing to be there in person.
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