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Big Law

Mark Zuckerberg Looks at Turning Facebook into a Metaverse Company

Mark Zuckerberg wants to reinvent Facebook. He has been telling analysts and journalists that he wants the company to lead the way to a completely different internet. He said:

“In the coming years, I expect people will transition from seeing us primarily as a social media company to seeing us as a metaverse company … In many ways the metaverse is the ultimate expression of social technology.”

So what does the Facebook chief executive mean by “metaverse company”? And what will the company look like if and when it gets there?

The term “metaverse” is used to describe the vision whereby the internet will evolve into a virtual world. The idea was first conceptualised in 1992 by the American novelist Neal Stephenson in his science fiction classic, Snow Crash. It foresees the internet as a 3D virtual living space, where individuals dip in and out, interacting with one another in real time.

Read the source article at thequint.com

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