Facebook has rebranded itself with a new name, metaverse. The term metaverse is fast becoming a buzzword in tech and business. But do you know what metaverse is?
Metaverse is a broad term, but in general means, it is about digital avatars that make people interact more immersive than a traditional working website. It could be through the use of virtual reality by wearing a VR headset.
The term metaverse is also used while talking about virtual environments where you can interact and talk to the digital display of yourself (A little cartoon named Avatar). Also, you can walk around and interact with other people’s avatars like in a video game.
What is Metaverse? (Explained)
Its fans see it as the next stage in the development of the internet. CEO mark
Zuckerberg said in July that Facebook would transition from being a social media company to a metaverse company in the next five years.
They had already invested heavily in developing virtual and augmented reality headsets and glasses. Also, they will reportedly create 10 000 jobs in the European Union to bring their metaverse plans to life.
We shouldn’t have to have to be together to feel present or collaborate or brainstorm physically. Facebook is not alone in thinking in this way but other big companies are also working with this concept.
The term metaverse is more famous in silicon valley than in Microsoft to transform the abilities of digital paradigms.
Facebook Change Name To Meta Why?
The emerging graph global health crisis from the last 18 months. Most employees are working from home for their employers. Also, the kids are attending their schools remotely, they spend a lot of time online and miss human interaction so much.
People connect with people who aren’t physically near us by going to websites, such as social media platforms, or using messaging apps and video calls.
But, now some people think there’s more demand for online spaces where people’s interactions can be more multi-dimensional and life-like, allowing people to immerse themselves in digital content rather than simply viewing it. It is what Mark Zuckerberg did by making facebook change its name to meta.
To make it more advanced for being compatible with futuristic technologies and complete well Facebook Metaverse Company has been introduced.
Metaverse Uses Blockchain Technology
Blockchain technology also uses metaverse technology. The same technology behind bitcoin, one of such blockchain-based virtual worlds, is decentral, and there, Users can buy digital assets such as clothes and even land using cryptocurrencies.
Metaverse Is Still A Virtual Reality, Not An Actual Reality
Fashion companies are also working to make their business fit with virtual reality interfaces making virtual dresses that people’s avatars can wear in AI environments.
While the metaverse offers a new space for people to socialize trade games and even attend music concerts right now, it’s still no comparison to the real world.
So, you might have seen science fiction films that are set in fully-fledged metaverses or alternate digital worlds that are almost indistinguishable from real physical life, but that’s still the stuff of fiction at the moment. Most virtual spaces I’ve seen look more like the inside of video games than real life.