“VR is going to unlock a lot of economic opportunity because people will be able to increasingly work where they want and kind of teleport into place,” he said. He added that people are discovering a new level of workplace interaction as more workers previously tied to offices are working from home amidst the coronavirus pandemic. “One of the things that VR will unlock is the ability to live anywhere you want and be present in another place and really feel like you are there,” he said. Zuckerberg believes that VR is the way forward to allow people to experience new places and things without leaving their homes. He believes that VR will allow workers to meet virtually rather than travel to offices and hinted that research to achieve this goal is going on at Facebook’s Reality Labs.įacebook is the owner of the popular Oculus VR company which has been a pioneer in the mainstream VR device world and develops its VR and AR tech under its Reality Labs division. “Our role in this journey is to accelerate the development of the fundamental techs, social platforms, and creative tools to bring the metaverse to life, and to weave these technologies through our social media apps.Media sources report that in a recent discussion on the popular invite-only Clubhouse app, Facebook CEO Mark Zuckerberg chatted about his company’s progress in the world of virtual reality (VR), saying: “We should be teleporting, not transporting.”Ĭhatting under the name Zuck23, he discussed the social media giant’s progress in the world of virtual reality and augmented reality (AR). “Your TV, your perfect work setup with multiple monitors, your board games, and more - instead of physical things assembled in factories, they’ll be holograms designed by creators around the world. In Zuckerberg’s words: “Think about how many physical things you have today that could just be holograms in the future. The word Meta is of Greek origin, meaning “beyond”.įor Mark Zuckerberg, it symbolizes the journey ahead for the company, the next chapter for the company, and what is still to be built. You’ll be able to spend more time on what matters to you, cut downtime in traffic, and reduce your carbon footprint.” “This will open up more opportunities no matter where you live. “In the future, you will be able to teleport instantly as a hologram to be at the office without a commute, at a concert with friends, or in your parents’ living room to catch up. “We made a film that explores how you might use the metaverse one day,” Zuckerberg further said. On Meta and its work towards creating a VR space, Zuckerberg said users will be able to connect, work, learn, play, shop, and create in a manner distinct from how people think about computers presently. Meta plans to begin trading on December 1 under the new stock ticker MVRS.
It had also developed hardware like its Oculus VR headsets, working on AR glasses and wristband technologies, and buying a bevy of VR gaming studios, including BigBox VR.Īmong its products, Meta will include Zuckerberg apps like Instagram, WhatsApp, and the VR startup Oculus. He said, over time, users won’t need a Facebook account to access Meta’s other services.Īhead of its rebrand, Facebook had invested heavily in virtual/augmented reality. In the words of Zuckerberg, “from now on, we will be metaverse-first, not Facebook-first.” You’ll be able to socialize, learn, collaborate and play in ways that go beyond what’s possible today.” It’s a collective project that will be created by people all over the world, and open to everyone. Facebook boss described it as “the next evolution of social connection.
The metaverse is an online virtual realm where people would work, play and shop.
Not only does the company provide alternative social media services, like WhatsApp, but it has also been moving into other areas of tech lately, including Virtual Reality (VR) and Augmented Reality (AR). But now, has multiple subsidiaries and divisions working on things beyond just the Facebook platform. The only thing that has been renamed here is the conglomerate itself.Īs Zuckerberg articulated in the Connect livestream, the Facebook brand only represented part of the company’s operations. In other words, the Facebook social media platform is still exactly the same as it was before, and so are the parent company’s other products (like Oculus, Instagram and WhatsApp). The rebranding was effective immediately but only applied to the business itself, meaning that you will not have to learn any new name for its individual apps and services. Last week, during a livestream event, Facebook’s Chief Executive Mark Zuckerberg announced that Facebook has changed its corporate name to “Meta”.