Facebook's Meta company wants control of the metaverse — Quartz

Who Will Own The Metaverse? - Matrise

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When can we expect to see it?  https://diigo.com/0mqo8c , the CEO of the recently called Meta (previously Facebook), estimates it might take 5 to 10 years before the key functions of the metaverse become mainstream. But aspects of the metaverse presently exist. Ultra-fast broadband speeds, virtual reality headsets and consistent always-on online worlds are currently up and running, although they might not be accessible to all.

Meta envisions a virtual world where digital avatars connect through work, travel or entertainment using VR headsets. Zuckerberg has actually been bullish on the metaverse, thinking it could replace the web as we understand it. "The next platform and medium will be even more immersive and embodied web where you remain in the experience, not just looking at it, and we call this the metaverse," stated Meta CEO Mark Zuckerberg last month after exposing the company's rebranding.

The Basic Principles Of What is the metaverse? — The Forecast - Quartz

Previously this month, Microsoft displayed its plans for bringing mixed-reality consisting of holograms and virtual avatars to Microsoft Teams in 2022. Also in the works for next year: explorable 3D virtual linked areas for retail and work environments. The U.S. Army is currently dealing with Microsoft on an increased reality Hololens 2 headset for soldiers to train, practice and combat in.

The metaverse is the next big investment theme and some stock sectors are  already benefitting, Morgan Stanley says - Currency News - Financial and  Business News - Markets Insider

Tim Sweeney, CEO of the business that developed Fortnite, has said, "It's clear that Legendary is invested in building the metaverse." It'sheld concerts by the similarity Ariana Grande and Travis Scott, movie trailers and music debuts and even an "immersive" re-imagining of Martin Luther King Jr.'s 1963 historical "I Have A Dream" speech.

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The platform, founded in 2004, houses ratings of user-generated games, consisting of role-playing offerings like Bloxburg and Brookhaven, where users can develop houses, work and play out situations. Roblox is now valued at more than $45 billion after going public this year. the On the day of its IPO in March, Roblox creator and CEO David Baszucki tweeted a thank you to all who assisted bring the platform "one step better to satisfying our vision of the #Metaverse." Since then, Roblox has actually teamed up with skateboarding shoe company Vans to produce Vans World, a virtual skateboarding park where players can dress up in fresh Vans equipment and opened a limited Gucci Garden, where you can attempt and buy clothes and devices for your virtual self.