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Facebook to create virtual world

Facebook to create virtual world

Metaverse will not be operated by any company and it will require collaboration across companies, developers and policy makers. The plan is to create a greater sense of real presence that will mimic the experience of personal interaction. The whole process was accelerated by the coronavirus pandemic, when most office meetings were moved to the online space, which led to an increase in use to streaming platforms.

Facebook has made significant investments in VR and AR, and plans to connect its nearly three billion users in the future through several devices and applications. $ 50 million has already been used to create the Metaverse. Hiring new employees are positive news for the company, especially after the many allegations that have been pouring on the social network Facebook in recent years.

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Performance of Facebook over 5 years (Source: Investing.com)