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Facebook could become a “metaverse”

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During a recent interview , the co-founder and CEO of Facebook, Mark Zuckerberg , has said the company could turn into a “metaverse” . 

The term metaverse refers to a shared collective virtual space in which physical and virtual reality converge and coexist, in a sort of augmented reality on the Internet.

The word is composed of the prefix “meta” , which means beyond, and the root “towards “, extracted from the universe.

The idea described by Zuckerberg is actually quite complex, and imagines a kind of online virtual universe, composed for example of many persistent 3D virtual spaces, and which does not concern a single platform or a single company (Facebook), wanting instead to cross the boundaries between the different platforms, and the different tools.

The famous Facebook co-founder said that even his idea of ​​a metaverse is “a vision that spans many companies – the whole industry”. 

To tell the truth many years ago Facebook had already in mind to incorporate the internal web into some part to become its main access door, but this project has failed thanks above all to fierce competition, primarily that of Google. Today the idea is proposed in a different way, that is apparently not competitive but cooperative.

For Zuckerberg this metaverse would be “the successor to the mobile Internet”, and will not be built by a single company, but thanks to a collaboration between different companies, creators and developers.

He describes the metaverse as a kind of Internet so immersed in physical reality that it allows users to feel part of it, as if they were physically in it. On the other hand, Facebook has been working with virtual reality and augmented reality for some time, so Zuckerberg’s vision is absolutely plausible.

To work on this metaverse, the company will create a team that will be part of its virtual reality group, Reality Labs, thanks in particular to Portal and Oculus.

Zuckerberg said:

“And my hope, if we do it right, I think in the next five years or so, in this next chapter of our company, I think we will actually move from people who see us primarily as a social media company to a metaverse company.” 

A curious thing, however, which the co-founder of Facebook did not mention, is that nowadays there are already metaverses, albeit generally still limited to a single platform, and in general they use cryptocurrencies to regulate exchanges. Given that Facebook is presumably about to release the stablecoin it has developed together with other companies (Diem) to the market in the near future, it is more than plausible that this will be the native currency of this metaverse, or at least one of the coins used within it.

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