Facebook invests $50M for ‘responsible’ metaverse development
Facebook will invest $50 million to help develop the so-called metaverse more responsibly, per a company blog post on Sept. 27. The social giant’s announcement also looks to define the…
Facebook’s Mark Zuckerberg Lays Out ‘Metaverse’ Vision At Developers Event
Facebook Inc CEO Mark Zuckerberg said privacy and safety would need to be built into the metaverse, as he opened the company’s annual conference on virtual and augmented reality on…
Facebook assembles team to build ‘metaverse’
The “metaverse,” a term coined by sci-fi writer Neal Stephenson, refers to a shared online world in which multiple users can hang out, spend money, consume media and potentially even…
Facebook’s metaverse is key to its survival strategy
Like a Thanos snap, the power of the Facebook universe seems to be slowly fading away into dust before our very eyes. So in response, the company is working on…
Is Facebook leading us on a journey to the metaverse?
The concept of the “metaverse” first came from the 1992 sci-fi novel Snow Crash as a place that people flee to escape a dangerous corporation-dominated world. It has since come…
How Facebook’s ‘metaverse’ became a political strategy in Washington
This summer, executives at Facebook confronted a daunting task. Years of controversy over its role in spreading misinformation, abusing privacy, crushing competition and undermining democracy had left the Facebook brand…
Facebook to hire 10,000 in EU to work on metaverse
Facebook is planning to hire 10,000 people in the European Union to develop a so-called metaverse. A metaverse is an online world where people can game, work and communicate in…
A $69 million digital artwork rides the NFT boom, says the owner of the Metaverse
The buyers of “Everydays – The First 5000 Days by Beeple” — a $69 million NFT-backed artwork created by the British artist Metakovan — have created an online virtual world,…
Make way for Indians spinning into the cryptocurrency metaverse!
With the cricketing extravaganza of the Indian Premier League (IPL) nearing its fiery finale, the combat amongst the 8 sturdy groups for changing into the champions is on! And when…
Meta to continue using facial recognition feature for metaverse products
Earlier this week, Facebook announced that it would be shutting down its facial recognition systems. But now, the social network’s parent company Meta said that it would be using the…