He expects people to start seeing Facebook as a metaverse company in coming years rather than a social media company.Ī report by tech news site The Verge said Zuckerberg is looking at using Facebook's annual virtual reality conference this coming week to announce a corporate name change, putting legacy apps like Facebook and Instagram under a metaverse-focused parent company. Indeed, Zuckerberg is going big on what he sees as the next generation of the internet because he thinks it's going to be a big part of the digital economy.
IS FACEBOOK GOING ALL IN ON THE METAVERSE? Making it work will require competing technology platforms to agree on a set of standards, so there aren't "people in the Facebook metaverse and other people in the Microsoft metaverse," Petrock said. Tech companies still have to figure out how to connect their online platforms to each other. "A lot of the metaverse experience is going to be around being able to teleport from one experience to another," Zuckerberg says. The headsets cost $300 or more, putting the metaverse's most cutting-edge experiences out of reach for many.įor those who can afford it, users would be able, through their avatars, to flit between virtual worlds created by different companies.
Instead of seeing co-workers on a video call grid, employees could see them virtually.įacebook has launched meeting software for companies, called Horizon Workrooms, to use with its Oculus VR headsets, though early reviews have not been great. The metaverse also could be a game-changer for the work-from-home shift amid the coronavirus pandemic. Things like go to a virtual concert, take a trip online, and buy and try on digital clothing. WHAT WILL I BE ABLE TO DO IN THE METAVERSE? "It's the next evolution of connectivity where all of those things start to come together in a seamless, doppelganger universe, so you're living your virtual life the same way you're living your physical life," she said.īut keep in mind that "it's hard to define a label to something that hasn't been created," said Tuong Nguyen, an analyst who tracks immersive technologies for research firm Gartner.įacebook warned it would take 10 to 15 years to develop responsible products for the metaverse, a term coined by writer Neal Stephenson for his 1992 science fiction novel "Snow Crash." It also will incorporate other aspects of online life such as shopping and social media, according to Victoria Petrock, an analyst who follows emerging technologies.
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