21.5 C
Thursday, June 1, 2023
HomeBlockchainMetaVerseWhat is 「MetaVerse」?Why Facebook investing billions?

What is 「MetaVerse」?Why Facebook investing billions?


Related Blogs

8 Unparalleled ChatGPT Alternatives You Must Explore

Bored with ChatGPT? Let's Discover the Top 8 ChatGPT...

How To Make Passive Income With DeFi: Top 5 Dynamic Strategies

In the realm of decentralized finance (DeFi), passive income...

The Comprehensive Guide to Crypto Wallets: 6 Types Every Investor Must Know

It is impossible to undervalue the importance of trustworthy...

The Best Crypto Mining Hardware for 2023: Mining Marvels

Discover The Best Crypto Mining Hardware for 2023, the...

15 Ways to Make Money From Web 3

Have you ever heard about Web 3, and want...

There has been a lot of talk about ‘Metaverse. Especially after the fact that Facebook is investing in the development of Metaverse has become public. Meanwhile, Facebook has announced that it will employ 10,000 people in Europe for the development of Metaverse. What is Metaverse? Why is Facebook investing so much?

What is Metaverse?
Some have called Metaverse only an extension of Virtual Reality (VR). Some have speculated that this is the future of the Internet. Just as the old featured phones have been replaced by smartphones, so the Metaverse is believed to be like the future smartphones of the current VR.

Generally speaking, Metaverse is an online world where people can use VR headsets to communicate, play games and work with each other. The VR we use now is only for gaming but using Metaverse we can work, play, give concerts, watch movies, and so on.

Yet to this day it is limited to a single concept or fantasy. There is a lot of discussion going on about this, but there is a lot of confusion about what exactly it is.

How did it suddenly come to the fore?
Every time the digital world is popularized by something new. Some things are limited to discussion and some are even used. But the rich investors around the world are getting excited about the topic of ‘Metaverse’ which has been discussed recently.

Many big companies and rich people are also in the race for the development of ‘Metavers’ which is considered as the future of the internet. This race of rich people is also gaining traction in the market.

Why is Facebook investing in Metaverse?
Lately, Facebook has been at the forefront in the race to develop Metaverse. The company is working on Metavers with special priority. Facebook has also invested heavily in virtual reality research through the Aquila headset.

However, some analysts believe that the company has made a cheaper product than its rival even at a loss. The company is also developing VR apps for work and personal use. Facebook has said it will work with other companies to investigate Metavers.

So far, the company has invested more than करोड 50 million in nonprofit groups working on Metaverse research. However, the company says that it will take about 10 to 15 years for this world of fantasy to become a reality.

Who’s in the race for Metaverse?
Epic Games chief Tim Sweeney has been talking about Metaverse for a long time. Similar activities are still taking place in online multiplayer games with Metaverse. For example, Fortnite Games has its own digital world where its users can host activities such as hosting concerts, organizing various brand events. It clearly shows Sweeney’s attachment to Metaverse.

Like other games like this one, thousands of players are attached to the big ecosystem in Roblex. Similarly, the 3D development platform Unity is investing in digital copies of real-world digital copies, while graphics company Nvidia is building a shared platform, Omniverse, to connect 3D virtual worlds.

Is it just a game?
Although there are many definitions of the metaverse, its main concept is social interaction between people. For example, Facebook is testing the VR Meeting app for official functions. Similarly, another app ‘VR Chat’ has been developed as a medium for online chat with friends.

Similarly, other VR apps are also coming to market. So Metaverse is not only related to the game, it is related to future interactions between people.

Latest Blogs