The CEO of Meta Platforms , Mark Zuckerberg told that meta platforms is in a position to spend extensively on a long – term research. He said “ The metaverse should usher in a massive economy “
What is Metaverse?
Metaverse is a virtual space having a network of 3D virtual world and is focused on social connections. It is a type of Digital world. A form of digital environment which uses augmented reality (AR), virtual reality (VR) and blockchain. It is a place where user interact, experience things as they experience in real world. It is a combination of multiple technologies and a shared virtual space where users are represented in a virtual avatar. It could be the next big thing in the decade because of it’s various fascinating and impress facilities. Facebook has also announced itself as the first metaverse company. Meta platforms engage people from all across the world. Digital creators, artists, small businesses owners, content creators and many more companies and agencies are creating an impact and making from meta platforms. Zukerberg also said that “ The company will not take any commission from creators untill 2024”.
According to him, metaverse could be considered as an important part of the social network operators business. Recently the market capitalization have also cut by the investors in half this year because of the slowed growth and user decline. Zuckerberg is continuously giving proper directions to his company towards his perspective about the next generation of contents. He said “We are at a point, you know a company that an afford to make some bag long term research investment and this is a big focus “.
Meta platforms have introduced us with a completely new digital era . This platform is quite fascinating. It has about 3.64 million monthly active people across it’s family of application which is really a big thing. In 2020 WhatsApp is having 2 billions users.
Zukerberg also told that “ Experiences in the metaverse can be more immersive than text, photos, or video which are pervasive on Meta's Facebook and Instagram, and so it will be a big theme for Meta over the next decades “
Metaverse is a virtual interactive platforms and it will be the next big and fascinating thing in the coming decade.